Next home

Next home buyer loan: moving up, downsizing or relocating

Outgrowing your place, downsizing now the kids have flown the nest or moving for work? A next home buyer loan has a few extra moving parts, and someone can get in touch when you're ready.

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Quick take

Your equity can matter.

It can often go towards the next deposit.

Timing is the tricky bit.

Selling and buying rarely line up, so plan early.

Your current loan comes too.

It might be repaid, moved or restructured, and a fixed term can bring costs if it's broken.

Common ways people move

Moving up. Usually means borrowing a bit more.
Downsizing. May release some cash and shrink the loan.
Relocating. Often a tighter timeframe, so line things up early.

How it works

Selling first or buying first: the quick comparison

	Sell first	Buy first
Certainty on your budget	Higher, you know what you've got	Lower until your home sells
Risk of a gap in housing	Possible, you might need somewhere to stay	Lower
Extra borrowing in the meantime	Usually not needed	Often needed, sometimes called bridging
Pressure on timing	Can be tight when buying	Can be tight when selling

What to have handy

A rough idea of what your current home might sell for
What you still owe on your current mortgage
Your income and any other debts
Roughly what you'd like to spend on the next place

Heading into retirement?

Moving or downsizing later in life? Our reverse mortgage information may help.

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Get more information on a next home loan

About 2 minutes. We gather a few details and arrange for someone to get in touch to discuss your options.

What kind of move?Where are you at with your current home?Rough price of the next homeTimeframeMain incomeRegionSuburb or townBest time to callYour namePhoneEmailAnything else you'd like us to pass on? (optional)

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General information only, not advice. We're a referral service and may receive a commission.

Common questions

Can I use the equity in my home to buy my next one?: It can be possible. Some lenders may let you use the equity in your current home towards the deposit, as long as your income covers the lending.
What if I buy before I sell?: Some lenders may offer short term borrowing to cover the gap, so mention it when you get in touch.
Can I take my current mortgage with me?: Sometimes. Whether a loan can be moved to a new property depends on the lender and the loan, and a fixed term can bring costs if it's broken.
What happens after I leave my details?: We gather a few details and arrange for someone to get in touch at the time you choose to discuss your options. There is no obligation.