Common questions
FAQs
Can I buy out my ex-partner from the family home?
Yes - if you can service the mortgage independently. Lendology assesses your borrowing capacity as a sole borrower, taking into account your income, any child support or maintenance obligations, and the equity position. If you can service the loan, we arrange the refinance into your name alone.
What happens to the mortgage if we separate?
Both parties remain jointly liable for the mortgage until it is refinanced into one name or the property is sold. Lendology can advise on the finance options - but decisions about property settlement are ultimately agreed between the parties and may require a family lawyer.
Can child support income be used when applying for a home loan?
Some lenders accept child support payments as income when assessing serviceability. Treatment varies - some accept 100% of child support, others apply a shading factor or require the payments to have been received for a minimum period. Lendology identifies the most favourable lender for your income combination.
Is stamp duty payable when transferring the property between separating partners?
In SA, property transfers resulting from a marriage or de facto relationship breakdown may be exempt from stamp duty in certain circumstances. This is a legal question that your family lawyer or conveyancer will advise on - Lendology coordinates the finance alongside this process.