Not always. Some lenders will approve a refinance based on a signed Binding Financial Agreement (BFA) without waiting for Consent Orders to be filed with the court. Others require Consent Orders. Lendology knows which lenders accept BFAs, which can save you months. If your settlement is still being negotiated, we can often get pre-approval to confirm what is achievable before you finalise the legal terms.
Can I refinance with just a separation agreement?
Some lenders will accept a signed Binding Financial Agreement, but not all.
The lender needs to be satisfied that the property settlement terms are formal and enforceable. A specialist broker can identify which lenders accept BFAs and which require Consent Orders for your specific type of application.
How long does it take to get consent orders approved?
Typically 4 to 12 weeks after filing with the Family Court.
The court reviews the proposed orders to ensure they are just and equitable. If the court raises queries, it can take longer. Having your finance application ready to submit as soon as orders are made reduces the overall timeline.
We are not just explaining the process. We arrange the actual finance: refinancing into your sole name, funding a partner buyout, or setting up a new loan independently after settlement. We work with a panel of over 60 lenders to find the one that fits your situation.
Once the legal side of your property settlement is resolved, the next step is usually a financial one. That is where we come in.
Jason and Steve also help clients with first home loans, refinancing, and investment lending at lendology.com.au.
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