Where’s our money gone?
Once the decision to separate is made it is important to protect your credit score. It it easy to check your rating on either experian or equifax.
Not protecting your credit score can prevent you being able to afford to purchase a house post separation. An excellent score will result in interest rates on a mortgage being offered at around 4.2%, a poor score can double that rate.
KEEP PAYING THE MORTGAGE
Even if you have moved out of the former matrimonial home, if your name is on the mortgage then allowing it to go into arrears will have far reaching financial consequences for the future. No matter how much you want your spouse to suffer, don’t cut off your nose to spite your face!
