Divorce is one of the most emotionally and financially challenging periods a person can experience. When you’re trying to separate assets, especially the family home, it can feel overwhelming to understand what you can borrow, what you can keep, and what life looks like after the settlement.
At LKFS, we specialise in helping clients navigate this transition by arranging pre-approval based on any proposed settlement scenario, even before consent orders are finalised.
This allows you to plan with confidence, negotiate effectively, and avoid surprises when the settlement becomes legally binding.
How It Works
1. We model your proposed property split or payout
Whether you are:
- Keeping the family home
- Buying out your ex-partner
- Selling and purchasing something new
- Receiving a cash settlement
- Taking on more (or less) debt as part of the agreement
we can structure a complete borrowing scenario around whatever is proposed.
2. We obtain a pre-approval based on that scenario
Even though the consent orders aren’t final yet, lenders allow pre-approval if the scenario is reasonable and aligned with the expected settlement.
We prepare:
- Proposed consent order wording
- Evidence of assets and liabilities
- Estimated payout amounts
- Future living expenses
- Required loan structure after settlement
This gives the lender enough certainty to issue a conditional pre-approval.
3. Once consent orders are finalised, we convert the pre-approval into the final loan
As long as the final consent orders match the modelled scenario, the process is smooth and fast—no surprises.
Major Advantages of a Pre-Approval During Divorce or Separation
1. Stronger Negotiating Power
You know exactly what you can afford before signing consent orders.
This prevents:
- Agreeing to an unaffordable payout
- Taking on debt you can’t service
- Being forced to sell when you intended to keep your home
2. Avoid Delays After Settlement
Without pre-approval, settlement can stall if the bank declines your loan afterwards.
With LKFS’s modelling:
- Your loan is already assessed
- Paperwork is already reviewed
- Consent orders simply “trigger” final sign-off
3. Protects Your Credit Score
Instead of applying multiple times while exploring different outcomes, we run scenario-based assessments first and only lodge a formal application when the scenario is lender-ready.
4. Reduces Stress and Provides Certainty
While divorce can create uncertainty, your financial future doesn’t have to be unclear.
You’ll know:
- What you can borrow
- What property you can keep
- What your repayments will look like
- What lifestyle you can comfortably maintain post-settlement
Examples of Scenarios We Can Model
- Keeping the family home and refinancing into your own name
- Buying out your partner’s share
- Selling and purchasing something new
- Receiving a lump-sum settlement and combining it with borrowing
- Handling child support or spousal maintenance in calculations
- Splitting investment properties or rental income
No two divorces are the same and neither are the financial outcomes.
We tailor everything.
Why Choose LKFS?
- We specialise in complex divorce-lending scenarios
- We understand consent order requirements
- We work closely with your solicitor to ensure the financial structure aligns
- We manage the lender, paperwork, and timing
- We prioritise clarity and simplicity during a stressful time
Ready to explore your options?
If you’re going through a separation and want clarity on what you can do, we can model multiple scenarios and guide you step-by-step.
By Peter Morgante – Director of LKFS Financial
P – 08 8363 4133 E- peterm@lkfs.com.au