The “Divorce Mortgage”

recent Forbes article (read it here) considered the “divorce mortgage” concept being floated by some UK lenders due to “a flood of older people being forced to sell their homes after they split in later life”, and how such a tool might play out in the US.

In theory, we see this as a great option for separating spouses who have children they would like to remain in the family home.

In reality, Vancouver’s real estate market and sky-rocketing house prices create a situation where the mortgage debt load would likely be too much for one person to handle.

About Leisha Murphy

Partner/Mediator – Vancouver

After being a family lawyer for over 13 years, coupled with my own personal experience with divorce, I have come to understand the difficult transition that comes with the end of a relationship. This experience has put me in the unique position of being able to provide clients with a clear picture of what is to come and how to plan for it. As well as provide clients with guidance and education on how to deal with the day-to-day realities of a separation.