Surviving the Mortgage During Divorce and Seperation скачать в хорошем качестве

Surviving the Mortgage During Divorce and Seperation

Sign Up for Email Updates: https://mailchi.mp/6f6777c902b3/signup Book a 30 minute call with me: https://calendly.com/sparkeskkeith/30min Unlock Your Free Guide Now! Click https://amzn.to/3EyVAue 🔑 Navigating Mortgages and Child Maintenance Service (CMS) After Separation | Keith Explains Hello everyone! I'm Keith, and in today's video, we're diving deep into the intricate relationship between mortgages and the Child Maintenance Service (CMS). If you're going through a separation or divorce and have a mortgage, this video is essential for you. 📌 What You'll Learn: Typical Separation Scenarios: Understanding how couples with children manage mortgages post-split. CMS and Mortgages: How CMS views mortgage payments and the challenges non-resident parents face. Applying for CMS Reduction: Steps to request a reduction in child maintenance due to mortgage payments and why it often gets refused. Financial Strategies: Exploring options like switching to interest-only mortgages and putting restrictions on mortgages to manage CMS liabilities. Credit Implications: The impact of unpaid mortgages on your credit score and the importance of selling the house to avoid repossession. Practical Tips: How to work with your ex-partner to create a sustainable financial plan that benefits both parties and ensures stability for your children. 💡 Key Takeaways: CMS Liability: CMS typically does not consider mortgage payments if you're on the mortgage, making it challenging to get reductions. Interest-Only Mortgages: A temporary solution to reduce monthly payments and provide breathing space. Joint Accounts: Managing mortgage payments through joint accounts to ensure transparency and consistency. Selling the House: When necessary, selling the property to alleviate financial strain and protect credit scores. Communication is Key: Encouraging both parties to work together to find mutually beneficial solutions. If you're facing financial challenges with CMS and mortgages, this video offers valuable insights and practical advice to help you navigate these complex issues. Don't forget to like, subscribe, and share this video to help others who might be in a similar situation! 👇 Leave your questions and experiences in the comments below – I'll do my best to respond and provide further assistance! FAQ: Q: Why won't the CMS consider my mortgage payments? A: The CMS generally does not allow mortgage payment deductions if you are still named on the mortgage. They see it as an asset you could potentially benefit from. Q: What can I do if I can't afford both the mortgage and CMS payments? A: Consider switching to an interest-only mortgage temporarily and work out a financial plan with your ex-partner. Selling the house may be necessary if other solutions are not feasible. Q: How can I ensure my mortgage payments are being managed fairly? A: Set up a joint account for mortgage payments or request your lender to split the payments between both parties. Q: What if my ex-partner refuses to cooperate? A: If cooperation fails, seek legal advice to find the best course of action for ensuring your financial stability and your children's well-being. Thank you for watching! Don’t forget to like, subscribe, and share your thoughts in the comments below. Stay safe and have a great day! Chapters: 00:00 Mortgages and Child Maintenance 00:27 Scenario - Couple Split 02:54 How CMS Treat Mortgage Payments 05:05 Screwing Each Other Over May Backfire!! 06:08 Interest Only Option 07:28 Consider Carefully Adding a Mortgage Restriction Paying The Mortgage and Child Maintenance After Seperation. Subscribe: https://bit.ly/3s3Cads Buy me a coffee please! paypal.me/ksparkes Playlist:    • All You Need To Know About #ChildMaintenan...   📘 Facebook   / 197227785636347   📸 Instagram   / child_maintenance_uk   Blogger: https://childmaintenancehelp.blogspot... Amazon: https://amzn.to/3EyVAue Disclaimer: Some links are affiliate links, if you buy something through, I may make a small commission at no additional cost to you. As an Amazon Associate, I earn from qualifying purchases. #cms #csa #childsupport #childmaintenance #childmaintenanceuk #childmaintenanceservice #childsupport #MortgagesAndCMS #FinancialAdvice #ChildSupport #DivorceAndFinance #InterestOnlyMortgage #KeithsAdvice #MortgageSolutions #mortgage maintenance for children