This capacity report includes the details of capacity to mortgage for one applicant, joint reports are however available - the single assessment report detail includes the following:
This report includes all the details of lack of capacity to mortgage to include coverage of:
These reports allow for the inclusion of additional scenarios that could affect the SINGLE or JOINT MORTGAGE CAPACITY ASSESSMENT reports. Multiple additional reports can be purchased, the details of such are:
- Differing Deposit Amounts.
- Increase In Income, with an explanation of circumstances.
- Decrease In Income, with an explanation of circumstances.
- Increase In Debt, with an explanation of circumstances.
- Decrease In Debt, with an explanation of circumstances.
- Being In Position To Retain The Former Marital Home, FMH, with an explanation of circumstances.
- Including Various Maintenance Payment Amounts.
To select the extras you need for your Mortgage Capacity Report first click on the report you need above, the extras will then be selectable on the next page
URGENT EXPEDITION FEE 5 Working Days £79
This addition allows for your qualified adviser to fit in and meet a fairly urgent situation you are in - For cases where Respondents have failed to adhere to a courts deadline quickly enough and a return of report sooner than our usual response time is required for SINGLE or JOINT MORTGAGE CAPACITY ASSESSMENT reports.
URGENT EXPEDITION FEE 3 Working Days £100
This addition allows for your qualified adviser to fit in and meet a very urgent situation you are in - For cases where Respondents have failed to adhere to a courts deadline quickly enough and a return of report sooner than our usual response time is required for SINGLE or JOINT MORTGAGE CAPACITY ASSESSMENT reports.
To expedite your Mortgage Capacity Assessment Report, faster than the standard service, first click on the capacity report you need above, the expedition options will then be selectable on the next page
FEE FREE MORTGAGE ARRANGEMENT FOR ALL MORTGAGE CAPACITY ASSESSMENT REPORT CLIENTS
All of our mortgage capacity report clients pay no broker fees to us for making a mortgage application on their behalf.
MORTGAGE CAPACITY ASSESSMENT Q&A's
Question: "My friend got divorced and didn't need to obtain a Mortgage Capacity Assessment Report?
Answer: Capacity Reports are now requested by judges serving the courts as a part of the process of assisting parties to reach a financial settlement, as of 1st April 2022 they are required for every case that is dealt with via Family Court proceedings in the UK.
Question: "There's another company offering reports for less money, why should I go with yours?"
Answer: The old adage of "you get what you pay for" applies in this case! We have seen reports at less cost that use long documents to download and complete in pen, emailed paperwork, reports that provide 10 pages of large print taking up loads of space but that are lacking in comprehensive details that would fail court approval. Our reports are lengthy, comprehensive and sadly contain much small print as they are stuffed with fine detail and analysis conducted using our online systems - no paperwork required. Hope this helps :-)
Question: "I have been asked by the court to arrange a capacity report of my financial circumstances, but don't understand why I need one?
Answer: These are used by the Family Session Courts to help the Solicitors, on both sides, and the Judge make decisions on applicable financial matters. It cuts through all the dross involved in disputes over financial affairs.
Question: "Why can't I just list out my income and expenditure and supply some mortgage quotes to the court
Answer: In the eyes of the Legal Representatives and the Family Court it will be deemed as reliable expert source information, away from all the legal wranglings and potential arguments. A properly prepared Mortgage Capacity Letter by a professional advice firm offers clear and analysed data not subject to biased questions.
Question: "My bank says I can have a mortgage, why isn't that good enough
Answer: Professional Mortgage Capacity Assessment Reports are all bespoke and unique to a given set of circumstances and based on a qualified and independent assessed opinion of the circumstances at hand and can include alternative views. Banks aren't independent in their views, unlike independent practitioners like us
Question: "I have seen companies quoting 'fast and seamless' for my marital capacity report but then they are asking me to download forms and email paperwork - how do I know you are better?"
Answer: We are www.MortgageShop.com we have since 1998 been building online safe and fast systems - there are no downloads, no sending items by email just FAST online systems and comprehensive capacity reports. When you are ready our systems are ready 24 hours a day. It's what people need.
Question: "It's all just a load of words and numbers on paper, surely anyone can provide them without qualification
Answer: Qualified reports will help the court to assist in ensuring parties make and agree to lasting and relevant future financial planning arrangements ordered by the judge.
Question: "But I might need a mortgage on my own, but I might need it with a new partner, they can't do these
Answer: Reports work toward settling disputes between divorcing parties, regardless of new partners now being in situ, all the potential additional scenarios can be taken by a qualified practitioner into account.
To allow for the urgent nature of these reports we accept payment by Debit and Credit Card - payment by BACS, bankers direct credit, is also accepted - please see the details in our further correspondence to make bank to bank payments. Cheques are not accepted as a fast enough payment method for reports that require the speed that the courts require.
You can FREEPHONE us on 0800 092 0800 for us to take your enquiry or for speed you can talk to our online systems by making a Secure Enquiry - click here.