If your relationship has ended, and you and your partner both agree on how financial issues should be dealt with, then either a financial agreement or consent orders may be used to formalise your agreement.
The main difference between the two options is that consent orders need the approval of the Court whereas financial agreements do not require any external approval. You can make your own private Agreement, as long as you both agree and it will be binding as long as you follow the requirements for obtaining the mandatory legal advice.
Putting a financial agreement in place is also less expensive especially if you use our tried and true system.