Clients navigating marital separation? Here’s how Bridge can help 

Marital separations can be particularly tricky, with legal fees, shared assets to divide and new housing arrangements to sort out

If clients are coming to you in a moment of need, you want to do everything you can to offer practical, timely solutions. And that’s where Connective Bridge can help.

Bridging finance can offer financial flexibility when your clients need it most

Give clients peace of mind by allowing us to explain how bridging finance can benefit them, with options to draw down on the equity in the marital home.

• Move on their terms: Clients can secure a new place to live without having to wait for the family home to sell.
• Divide assets with ease: Buying a partner out of a jointly owned property is no longer a hefty financial burden.
• Unlock equity when they need it: Enable financial flexibility and pay for legal fees incurred once their separation agreement has been finalised.
• Simple and controlled funds: Clients can disperse the funds fairly via a solicitor and to agreed terms.

Case study: Here’s Connective Bridge helped a recent client

When a couple undergoing separation needed to purchase two separate retirement units within 30 days of each other, they needed to secure a fast, flexible bridging loan.

• LVR: 71.35%
• Loan amount: $921,800
• Loan purpose: Marital separation repayment pause and purchase leasehold units
• Loan term: 12 months
• Security: Marital home

The loan funded the purchase of the first retirement unit, holding the remaining funds in the solicitor’s trust account until the second retirement property reached settlement.

If you have any questions on Connective Bridge or how bridging can help you reach more clients, please get in contact with your CHL BDM or local Connective Bridge BDM.