By Jason Given · April 2026 · 5 min read
This is when you assess where you stand financially. What is the property worth? What is the mortgage balance? What are your income and expenses as a single person? This is the ideal time to speak to a mortgage broker - before legal negotiations begin. Knowing what you can afford shapes the entire settlement discussion.
Your family lawyer negotiates the property settlement - who keeps what, how equity is split, and what happens to the mortgage. During this phase, Lendology works alongside your lawyer to confirm that whatever is being proposed is financially achievable. There is no point agreeing to keep the home if the refinance will not be approved.
Once the settlement terms are agreed (or close to agreed), we submit your loan application. This includes the refinance to sole name, the equity buyout payment, and any new purchase finance if you are buying a separate property. Approval typically takes 1–3 weeks depending on the lender and complexity.
The new loan settles, your former partner is released from the mortgage, the equity payment is made, and title transfers to your sole name. Lendology coordinates this with your solicitor, the lender, and all parties. You receive confirmation that the mortgage is now in your name only.
We check in after settlement and remain available for rate reviews, future borrowing needs, or just a question. Many of our separation clients come back to us when they are ready to invest, upgrade, or help their children buy their first home.
This timeline is a guide only. Some settlements complete in 8 weeks. Others take 12 months. The key is having your finance position clear from the beginning - it reduces stress, strengthens your negotiating position, and avoids last-minute surprises.
True wellbeing begins at home.
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