Transfer loan to a new home – portability

You may not be aware that lenders on most of their loan products, but not all, have the ability to transfer your current home loan to your new home.


  • Ideally the settlement of the house you are selling and the house you are buying occurs on the one day. 

  • Sometimes this does not happen but with our involvement lenders will take a charge over your sale proceeds as an interim arrangement then release the sale funds when it is time to settle on your new home;

  • If you have a fixed rate loan you do not need to break the contract;

  • You can place your house on the market in the usual commercial method and if you do not have temporary accommodation to move into when your house sells, you might be able to lease-back from the person(s) purchasing your home;

  • You can use this feature if you are downsizing or conversely upsizing. If upsizing you may need a top-up. This is available but you will need to make an appointment to come in and discuss this with us.

Glenn N Gough, DipFMBM, MFAA (CA), MIPA, C.dec, is a credit representative 390993 of BLSSA Pty Ltd, ACN 117 651 760 (Australian Licence 391237)

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