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by Julian Ingall on 24th February 2021

Broken Heart


Divorce can be a heart-breaking process to go through. When a couple gets divorced, one of the toughest elements faced may include the financial resolution of dividing a shared property that was purchased together.

A recent client of ours had begun their divorce proceedings. Between the couple, the decision had been made to refinance the residential property they both owned, so one person could buy out the other. This gave the remaining individual more time to find a new home before selling the house.


For our client, affordability of the refinance based solely on income was not enough for the required mortgage. Therefore, a proactive lender needed to be sourced who would take into consideration the client’s assets and cash held in the background.


Butterfield, a specialist finance lender, took a common sense approach to the circumstance and felt comfortable enough to lend despite the income obstacle. Specialist adviser Guy Nyirenda was able to agree with the lender that the client was happy to put aside a pre-agreed sum of cash in case of default on the loan. Butterfield also allowed for rolled up interest payments. This meant the client was not required to make monthly payments and could pay off one lump sum at the end of the term when they sell the property to downsize.


Are you going through a divorce and want to talk to our team about property finance? Contact us via our online form or call 020 7220 5100.


Written by Julian Ingall

Director of Coreco Commercial

Julian is one of the mortgage industry’s true legends, following his passion through thick and thin to run our highly successful Specialist Finance division. Having always had an interest in property and initially part qualifying as an Architect, Julian decided to join the Financial Services industry in 1989, cutting his teeth at John Charcol in the early 1990’s. After opening their Guildford Office, Julian left to spend time assisting High Net Worth individuals with tax efficient investment schemes. In 2000 he jointly founded the boutique Mortgage Brokerage Cobalt Capital. As the managing partner of Cobalt Capital and at the centre of its growth, the company expanded to a peak of 90 staff and developed into one of the leading mortgage brokerages in London. With more than a growing interest in the specialist and commercial sectors of the mortgage market and a determination to obtain finance on the seemingly impossible, Julian decided to follow his passion and invest into Coreco, becoming a Director in 2010. His aim is to drive this business forward to become one of the strongest specialist finance teams in the industry, focusing on large residential loans for development/investment purposes and large property portfolios. Julian is also a proud member of the FIBA Executive Committee.

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