Divorced, keeping both names on mortgage, but only one income paying
My ex and I have recently (amicably) divorced. Our agreement was that we’d both stay on the mortgage (renewing Nov ‘26) but I’ve paid him out and we have an agreement signed between us to that effect.
I can’t refinance on my own due to a tanked LTV. I pay all bills relating to the house alone. The thing is, with the renewal increase coming it becomes unaffordable for me, and I want to apply to reamortize, but on paper it looks like “we’re” making too much money to show financial need.
Are there risks to telling the lender that we’re legally divorced and explaining the agreed situation?
If I apply for re-amortization and am declined, when can I apply again?
ETA: apologies if I’ve been unclear. My only concern currently is re-amortization with my current lender