Your home is often one of the biggest assets you own. And your mortgage might be your largest debt. So it makes sense that one of the biggest questions people have when they split up is…what happens to the home? 

In this episode, Sarah chats to mortgage brokers Pam and Amandeep about how they help their South Asian clients buy, sell or remortgage a home. They touch on some of the practical considerations around buying your first home after a divorce, including what it means for your credit rating, advice for older buyers and whether your family can help you with a deposit. They discuss some of the most common scenarios:

• Whether you can transfer a joint mortgage into one partner’s name?
• What can you do to protect your interests if your home is only in your partner’s name?
• How to improve your credit rating?
• What happens if your child divorces their partner and you live with them?
• How can you apply for a mortgage as a first-time homebuyer?

NOTE: Please note this episode is not intended to replace legal or financial advice. It is pre-recorded so always check current mortgage rates or products with your broker or financial institution.

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