MFAA Member · ACL 389328 · Upgrader Specialists
Next Home Loan — Outgrown your home?
Let's plan your next one.
Growing family. More space needed. Time to step up. We coordinate the sale of your current home with the purchase of your next — whether that's bridging finance, simultaneous settlement, sell-first then buy, or a deposit bond. Four pathways, modelled against your numbers, your timing, and your tolerance for overlap.
Equity calculation upfront.
We map what you'll actually walk away with — after agent fees, payout, capital gains (where applicable), conveyancing, removals — before you decide on a pathway.
Servicing modelled across the panel.
Your borrowing capacity changes when you sell your current home and roll equity into the next. We model it across 50+ lenders, not just your current bank.
Conveyancer coordination.
If you go simultaneous, we coordinate timing between both conveyancers so settlements line up. Most simultaneous failures are conveyancer-timing breakdowns.
From first call to settlement
Easier than you'd think.
Send your current loan + plan
Current property value, current loan balance, target purchase budget, target timing.
We cost all 4 pathways
Each pathway modelled against your numbers — bridging interest, simultaneous risk, deposit-bond cost, rental-bridge cost.
Strategy session
We walk you through the recommendation + backup plan if the sale runs hot or cold.
Execute + coordinate
We manage the new finance, the discharge of the old, and the conveyancer coordination through to settlement.
Frequently asked questions.
Is bridging finance expensive?
Bridging rates are typically 0.5-1.5% above standard variable rates, and the term is short (6-12 months). Total bridging cost is usually a few thousand dollars — often offset by buying before market moves. We model the cost against the alternative of missing the right property.
Can I sell and buy on the same day?
Yes — simultaneous settlement. It's harder logistically (both conveyancers must coordinate, both lenders must release on the same day) but zero bridging cost. We've done dozens of these. Success depends on both parties having flexible settlement dates.
What is a deposit bond?
An insurance-backed promise to pay the deposit at settlement instead of putting up the cash upfront. You pay a one-off premium (typically 1-1.3% of the deposit amount). The vendor receives the deposit at settlement, funded from your sale proceeds. Vendors don't have to accept deposit bonds — we check vendor preference before quoting it.
Will my borrowing capacity change when I upgrade?
Probably yes. Your existing home loan reduces your servicing capacity (it counts as a liability), but your equity becomes deposit (an asset). Net effect depends on the gap between current loan and current property value. We model both before and after the sale.
Do I have to pay LMI on the upgrade?
Only if your LVR on the new loan exceeds 80%. If your equity in the current home is enough to fund a 20%+ deposit on the new property, no LMI. If it isn't, LMI applies — though we may be able to avoid it with a guarantor structure if family equity is available.
Prefer to talk?
Call us
directly.
Mon–Fri 9am–5pm. Real broker, real conversation, no call-centre.
08 8121 3076Or start online
Send your
profile.
2 minutes. We'll review and call you within 1 business day.