Buying a home post-divorce: what you need to know

Buying a home post-divorce requires careful financial planning. Lenders will assess your single income, potentially offering shorter loan terms. However, banks like Westpac, ANZ, and ASB may be flexible if you have a solid exit strategy.

Mortgage advisers are crucial for exploring all options beyond your usual bank, including non-bank lenders like Resimac. Financial advisers from firms like enable.me recommend planning before your settlement is finalised. Key steps include boosting income and legally protecting your new asset from future partners.