Separation & Divorce Mortgage Broker Sydney
Mortgage and Finance Support Through Separation and Divorce
Separation or divorce can change almost every part of your financial situation, particularly when a mortgage, family home, investment property or other debts are involved. At Stellar Finance Group, we help clients across Sydney understand their lending options and make informed decisions about their home loan and financial future.
Whether you are considering refinancing, buying out a former partner, purchasing a new home or reviewing your borrowing capacity after separation, our mortgage brokers can help you understand the finance options available based on your circumstances.
Every separation is different. We take the time to understand your income, existing loans, property position, liabilities and financial goals before exploring suitable lending strategies with you.
Home Loan Options After Separation or Divorce
Your existing home loan may need to be reviewed when your circumstances change. Depending on the agreed property settlement and your financial position, you may need finance to retain the family home, refinance an existing mortgage or purchase another property.
Our Sydney mortgage brokers can assist with:
- Refinancing a home loan following separation or divorce
- Exploring finance options to buy out a former partner’s interest in a property
- Reviewing borrowing capacity based on your individual income and financial situation
- Financing a new home after separation
- Reviewing existing home loans and mortgage structures
- Exploring available equity and suitable refinance options
- Reviewing investment property loans affected by a separation
- Considering debt consolidation where appropriate to your circumstances
- Comparing suitable lending options from available lenders
Our role is to help you understand your mortgage and finance options so you can make informed decisions with greater confidence.
Refinancing After Separation
Refinancing can be an important part of restructuring your finances after separation. For example, an agreed property settlement may result in one partner retaining the family home and needing to refinance the existing home loan.
A refinance application will generally depend on factors such as your income, existing debt, expenses, property value, equity, credit profile and borrowing capacity.
We can review your financial situation, discuss your needs and explore suitable refinancing options with lenders. Where refinancing is appropriate, we can also assist with the home loan application process from initial assessment through to settlement.
Buying Out a Partner After Separation
If you and your former partner jointly own a property, one possible outcome of a property settlement is for one person to retain the home.
If that is the agreed approach, finance may be required to refinance the existing mortgage and fund an agreed property settlement amount. Your ability to do this will depend on your individual circumstances and lender requirements.
Our mortgage brokers can help assess your borrowing capacity, existing home loan, income, debts and available equity to determine what lending options may be available.
We do not provide legal advice or determine how property should be divided. Your property settlement arrangements should be discussed with the appropriate legal professionals. Once the proposed financial arrangements are clear, we can help you understand the lending and refinancing side.
Can I Keep the Family Home After Divorce?
For some clients, keeping the family home is an important goal after separation. This may provide continuity for their family and avoid the need to immediately purchase a new home.
However, whether you can retain the property and refinance the home loan into your own name depends on your financial position and the requirements of the relevant lender.
Factors that may affect your options include:
- Your current income and employment circumstances
- Existing home loan balance
- Other loans and debt
- Living expenses and ongoing commitments
- Property value and available equity
- Your individual borrowing capacity
- The proposed property settlement
- Applicable lender requirements
We can assess the lending side of your situation and help you understand the options that may be available before you make major finance decisions.
Understanding Your Borrowing Capacity After Separation
Your borrowing capacity may change significantly following separation or divorce.
A home loan that was previously supported by two incomes may need to be assessed using one person’s income. At the same time, your expenses, assets, liabilities and financial commitments may also have changed.
Our mortgage brokers review your financial position and help you understand how lenders may assess your application. This can give you clearer information before deciding whether to refinance, retain an existing property or consider purchasing a new home.
Understanding your borrowing capacity early can also help you set realistic property and financial goals for the next stage of your life.
Purchasing a New Home After Divorce
Sometimes retaining the existing family home is not the preferred or available option. You may instead be considering purchasing a new home after your property settlement.
We can help you review your borrowing capacity, discuss your home loan needs and compare lending options based on your individual financial situation.
If you are a professional, business owner or have a more complex income structure, we can also consider how your income may be assessed by different lenders when exploring suitable home loans.
The aim is to give you clear information about your finance options so you can make informed decisions about your next property purchase.
Separation, Property and Investment Loans
A separation can involve more than the family home. Some clients may also hold investment property, business interests, multiple loans or other assets and debts.
Where investment property loans are involved, we can review the existing lending structure and discuss available refinancing or finance options based on the agreed property arrangements.
For clients with multiple financial commitments, understanding how existing debt affects borrowing capacity can be particularly important before applying for a refinance or new home loan.
Debt Consolidation After Separation
Changes to household income and expenses can make existing debt more difficult to manage following separation.
Depending on your financial situation, refinancing or debt consolidation may be an option worth exploring. This could involve reviewing eligible debts alongside your home loan and considering whether an alternative finance structure is available.
Debt consolidation is not appropriate for every client, and refinancing debt may have longer-term cost implications. We can explain relevant lending options and help you understand how different structures may affect your financial position.
Separation and Divorce Finance for Professionals and Business Owners
Professionals and business owners can have additional considerations when applying for finance after separation, particularly where income comes from multiple sources or has a more complex structure.
Stellar Finance Group works with professionals and business owners and understands that income does not always fit a simple salary structure.
We can review your circumstances, financial goals and lending needs before exploring suitable home loan and refinancing options with relevant lenders.
Why Work With a Mortgage Broker During Separation?
Managing property and finance decisions during a separation can involve many moving parts. Working with a mortgage broker can help you understand the lending implications of the options you are considering.
We can help you:
- Understand your current borrowing capacity
- Review your existing mortgage and other loans
- Explore refinancing options
- Assess finance options for retaining the family home
- Explore lending for a new home
- Review available equity
- Compare appropriate lenders and home loan options
- Understand the steps involved in a refinance or new loan application
- Work through the finance process through to settlement
We provide mortgage and finance guidance, while legal, tax and financial advice should be obtained from appropriately qualified professionals where required.
A Clearer Path Forward
The financial decisions surrounding separation and divorce can have a long-term impact on your property position and financial future.
Our approach begins with understanding where you are now: your income, property, home loan, assets, debt, borrowing capacity and goals. From there, we can explore finance strategies and lending options that align with your needs and circumstances.
Whether your goal is to refinance, retain the family home, buy out a former partner’s interest or purchase a new home, our Sydney mortgage brokers can guide you through the lending process step by step.
Speak With a Separation & Divorce Mortgage Broker in Sydney
If separation or divorce has changed your property or home loan needs, you do not have to work out the lending side alone.
Speak with Stellar Finance Group to review your current financial situation, understand your borrowing capacity and explore suitable home loan and refinancing options.
Our mortgage brokers assist clients across Sydney with property finance, refinancing and home loans, providing clear information and guidance to help you make informed decisions about your next step.
Who We Are
FOUNDED BY
DR. LISA BRIDGETT
IN MARCH 2017
We serve successful professionals and business owners with tailored finance solutions with the aim of delivering a service experience that surpasses industry norms.
With two decades of expertise, our team understands the importance of time and the demands of high-income clients. We understand the specifics of how income is earned for the medical, legal, and fintech specialists. We meticulously approach each client’s situation and are relentless in finding and negotiating the right solutions. We know what it takes to secure approval for substantial loans and navigate complex situations and income sources.
Our service goes beyond transactions, we not only look to meet immediate needs but also to enhance lifestyles and support ongoing wealth-building endeavors.
Separation & Divorce Mortgage FAQs
Helpful answers to common questions about refinancing, borrowing capacity and home loans following separation or divorce.
Can I refinance my home loan after separation?
Potentially. Your ability to refinance after separation will depend on your individual financial situation, including your income, expenses, debts, equity, borrowing capacity and the lender's requirements. The agreed property settlement may also affect the finance required.
Can I refinance a mortgage to buy out my former partner?
Depending on your circumstances and agreed property settlement, refinancing may be used where one partner intends to retain the property. You will generally need to demonstrate that you can meet the relevant lender's requirements for the new home loan.
How is borrowing capacity assessed after divorce?
Lenders may consider your income, expenses, existing loans and debt, credit profile, dependants, financial commitments and other relevant information. Because your financial position may have changed after separation, it can be useful to reassess your borrowing capacity before making property decisions.
Can I keep the family home after separation?
It may be possible, depending on your property settlement, financial position and ability to obtain suitable finance. If a mortgage is involved, refinancing may be required. A mortgage broker can assess the lending side, while legal professionals can advise you about the property settlement itself.
Can I get a new home loan after divorce?
Yes, subject to lender eligibility and approval. Your borrowing capacity will depend on your individual income, expenses, debt, assets and other financial commitments. We can help you explore home loan options based on your circumstances.
Can you help business owners refinance after separation?
Yes. Stellar Finance Group works with business owners and professionals, including clients with more complex income structures. We can review your income and overall financial situation and explore suitable lending options.
What happens to investment property loans during separation?
This depends on how the property and associated debt are dealt with as part of the separation and property settlement. Once the proposed arrangements are known, we can review the lending structure and discuss relevant refinance or finance options.
Should I speak to a mortgage broker before finalising my property plans?
Understanding your borrowing capacity and potential finance options early can provide useful information when considering your next steps. However, mortgage brokers provide lending assistance rather than legal advice, so you may also need advice from appropriately qualified legal, tax or financial professionals.
Featured In
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MFAA
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Lisa discusses mentorship and developing future industry leaders.
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What Our Clients Say
Lisa has a fantastic way of tuning into needs and ensuring we have confidence in our important decisions, through being well informed and not rushed. Lisa really made us feel assured and helped to break down any knowledge barriers, making us feel in control of our decisions. Thank you Lisa for your ongoing support and helping to build a positive future for our family!
Wayne Jones
From the moment you first meet, Lisa will be here to inform you, guide you and along with you, make your financial dreams come true. Sam Asadollahi recent experienced this when he asked Lisa to help him with purchasing his first property.
Sam Asadollahi
Got a dream? Lisa and her team can help you make it happen. I can’t think of a better person to have on my team to achieve my goals. Her hard work and determination bring results and she always has plan B and C (at least!) to make sure she can make things happen for you. Her team are excellent, keeping you well informed in the progress of negotiations and very responsive. I can’t recommend Lisa and her team enough!
Jennifer Hsu
Lisa was awesome in the way she carried out her services. She was fully engaged from the very first meeting in understanding our needs to then take us through options in the market and eventually help us choose the right product. The whole process was well defined and managed by Lisa and her team all the way till we settled. If you are on the lookout for a professional who knows the mortgage industry well, spends time to understand your needs and maintains a proactive communication at every step of the process, then Lisa should be your choice for a broker. I highly recommend the services of Lisa Bridgett and thank her for the efforts.
Babu Narayanan
It was an absolute pleasure working with Lisa on our loan financing. Lisa is extremely professional, dedicated and knowledgeable. We were very impressed with how responsive Lisa always was (and still is) to all our questions and we valued the fact that we could communicate with her outside of the normal working hours. We would recommend Lisa highly to anyone in need of mortgage financing.
Magda Louw
Lisa Bridgett is all about making her clients’ life easier! From the moment you first meet, Lisa is there to inform you, guide you and along with you, to make your financial dreams come true. Hear what her client Renee Vella has to say.
Renee Vella
We will save you precious time and
Overcome the issues of funding your homes and investments
With expertly crafted and negotiated solutions, enhancing your experience throughout your wealth creating journey.