Getting a home loan after a separation

I am really recently separated and wondering if I would be able to purchase a property to live in. I will have over a 20% deposit plus money for stamp duty and other fees. I've been in the same job for over 10 years and my income is sufficient to service a loan. I have no other debt. Credit history is excellent.

I'm just wondering if my bank statements will be an issue as until recently I've only had a joint bank account with my ex partner for the past ten years. Not sure if there's any point in applying or if I should wait until I've been running on my own bank account for 6 months to a year?

 

You'll be fine in regard to the bank statements with most lenders - it's easily explained.

 

No issues, as long as it services and just tell them upfront about the situation.

 

Should be fine - most lenders won't require proof of genuine savings if borrowing less than 80% of the purchase price. In this instance - an account summary showing the current balance, date and your name will suffice (rather than three months of savings history).

In regards to transaction accounts - some banks ask for one months transaction history to track your liabilities/living expenses. In this instance - you'll just need to explain the circumstance to the lender and all should be fine.

Cheers

Jamie