Keeping the home after a separation
Illustrative example — not a real client result
Understanding whether taking over the home loan is financially workable.
The challenge
A homeowner wants to remain in the family home after separation and needs to understand the borrowing involved in a proposed property settlement.
The approach
- Review the proposed settlement with the homeowner's solicitor before relying on it.
- Assess income, expenses, existing liabilities and any amount needed to buy out the other owner.
- Discuss valuation, loan structure and lender requirements alongside independent legal advice.
Example outcome
This example shows the questions to resolve before deciding whether a new loan in one person's name is suitable and achievable.
A property settlement does not automatically release a borrower from a loan. Legal arrangements and lender approval are separate matters.