After a separation, a self-employed business owner wanted to do one thing above all else: keep the family home. To do it, they had to pay out their former partner — and that meant borrowing more than the banks would allow.
On a standard assessment, most lenders capped the client’s borrowing capacity at around $500,000 — well short of the settlement figure. The maths simply didn’t reach, and selling the home was starting to look like the only way out.
Self-employed income rarely tells its full story through a standard assessment.
Reading the business, not the default
We identified a lender better suited to the client’s position and built a Low Doc application on their BAS statements — evidence that reflected the real strength of the business rather than a conservative default. That reframed the whole file.
Borrowing capacity lifted from roughly $500,000 to $800,000 — enough to settle with the former partner and keep the family home, with no forced sale.