When this client came to Lendology, she was six months into a separation and facing two simultaneous lending challenges: refinancing the joint mortgage into her name alone so her ex-partner could be released from the loan, and understanding whether she could eventually purchase a new property on a single income.
Her income was solid — she worked full-time in healthcare — but the joint mortgage had been based on two incomes, and the existing balance was at the upper end of what she could service alone. Her ex-partner was not being uncooperative, but the process of agreeing on a property value and settlement timeline was slow, as these situations often are.
Separation finance is one of the most emotionally complex situations a mortgage broker encounters. The financial questions are always tangled up with the personal ones. Lendology's role is to give clients clarity on exactly what is possible — so they can make decisions from a position of knowledge rather than uncertainty.
Lendology started by assessing her individual serviceability across multiple lenders. The existing loan balance was manageable on her income alone, but only with the right lender — one that assessed her income generously and did not apply overly conservative expense benchmarks.
We also identified that she was receiving child maintenance payments that, once formalised through a binding financial agreement, would be assessable as income by most lenders. This meaningfully increased her borrowing capacity and opened up a path to purchasing a new property within 12 to 18 months of the separation being finalised.
Lendology coordinated with her family lawyer throughout the process — providing borrowing capacity assessments for the court proceedings and ensuring the refinance timeline aligned with the settlement requirements.
The refinance was completed at the same time as property settlement — her ex-partner was released from the mortgage and she became the sole borrower on the family home. The process took 90 days from Lendology's first conversation to settlement.
Twelve months later, she returned to Lendology and purchased a new investment property using the equity that had built up in the family home. She now owns two properties on a single income — an outcome she did not think was possible when she first walked through our door.
Jason was calm and clear when everything else felt chaotic. He explained exactly what was possible, coordinated with my lawyer, and made the financial side of the separation feel manageable. I could not have done it without him.
Yes, provided your individual income can service the loan. Lendology assesses your individual serviceability across multiple lenders to find the one that will approve the refinance on your income alone.
Yes, at most lenders — but typically only once it is formalised through a court order or binding financial agreement and has been received consistently for at least three months. Lendology identifies the lenders with the most favourable treatment of maintenance income.
Purchasing a new property during a separation is possible but complex — it depends on the status of your property settlement and your individual borrowing capacity. Lendology assesses your position and advises on the right timing.
In most cases yes — lenders want to see the settlement agreement before approving a refinance or new purchase. However Lendology can assess your capacity in advance so you know exactly where you stand and can act quickly once the settlement is complete.
Book a free chat with Jason or Steve. We will assess your situation honestly and tell you exactly what is possible.