Case Study

Buying a Home During a Complex Separation While Still on a Joint Mortgage

In Metro Vancouver, a client going through a separation needed a residential mortgage for themselves and their child, with the down payment coming from the family home sale.

✓ Case Study · Residential

ResidentialSeparationPurchaseDown paymentRate holdPrime lender

The Situation

In Metro Vancouver, a client going through a separation needed a residential mortgage for themselves and their child, with the down payment coming from the family home sale.

The Challenge

The separation agreement was not yet signed. A second property was becoming the ex spouse's, but that lender was slow to release the client, so its payment still counted against them.

The Solution

We secured rate holds early, then ran two approvals: a major bank, and an alternative B lender that would debt service both properties if the release did not land in time. We stayed in front of every moving part: the realtor selling the family home, the realtor on the purchase, the notary closing one deal and the solicitor closing the other, the appraiser, and the ex spouse's lender. Release word came four business days out, and we took that proof to the bank.

The Outcome

The bank granted the change two business days before funding. The client completed on time, a sizable deposit never at risk, at prime pricing rather than the fallback, saving more than $20,000. The client later referred someone else going through a separation.

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