Mortgage Brokers + Divorce Proceedings: The Challenge
As mortgage broker, preparing bank statements for divorce proceedings is a common but time-consuming task. Divorce financial disclosure (Form E) requires detailed bank statement analysis. Solicitors and clients need to review months of transactions to identify assets and spending.
How BankScan AI Helps Mortgage Brokers with Divorce Proceedings
Instantly convert applicant bank statements to Excel to verify income, identify regular commitments, and prepare affordability summaries. For divorce proceedings specifically, BankScan AI extracts Hidden income, undisclosed accounts, transfers to third parties, luxury spending automatically.
How Mortgage Brokers Handle Divorce Proceedings
When preparing bank statements for divorce proceedings, mortgage brokers need to Mortgage brokers request 3-6 months of bank statements from applicants, review them for regular income deposits, identify committed expenditure such a. BankScan AI automates the data extraction step.
Key terms you'll encounter: affordability assessment, committed expenditure, income verification, debt-to-income ratio.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload 12 months minimum, often 2-3 years for asset tracing and establishing spending patterns during the marriage of statements for divorce proceedings.
AI extracts what you need
Our AI extracts Hidden income, undisclosed accounts, transfers to third part — formatted for mortgage brokers workflows.
Complete your divorce proceedings work
Download Excel files ready for divorce proceedings. Organised by account with running totals, suspicious transactions highlighted, summaries matching Form E sections (income, liabilities, expenditure)
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for Mortgage Brokers — Divorce Proceedings
- Built for Mortgage Brokers — Saves 30-45 minutes per mortgage application on statement review, which adds up to 5+ hours per week during busy periods with 8-10 applications in progress
- Software compatible — Output works directly with Mortgage Brain, Twenty7Tec, Excel
- Built for Divorce Proceedings — Convert bank statements to searchable Excel spreadsheets for Form E preparation, asset tracing, and financial disclosure in divorce proceedings.
- Key data extracted — Hidden income, undisclosed accounts, transfers to third parties, luxury spending, dissipation of assets, regular savings contributions, mortgage payments
Compliance: Mortgage Brokers + Divorce Proceedings
When mortgage brokers prepare bank statements for divorce proceedings, specific compliance requirements apply.
- FCA regulations require mortgage brokers to conduct thorough affordability assessments under MCOB rules. They must verify income sources against bank statements, document their analysis, and retain records for at least 3 years. Anti-money laundering checks require scrutiny of the source of deposit funds.
- Legal basis: Family Procedure Rules 2010 Part 9; duty of full and frank financial disclosure established in Livesey v Jenkins [1985]
Divorce Proceedings — Built for Mortgage Brokers
Form E must be filed by the court deadline, typically 35 days after the directions order; late disclosure can result in adverse cost orders
Try Free — Mortgage Brokers + Divorce Proceedings