Skip to main contentBuying your next home is a different exercise from buying your first. You’ve been through the process before, you likely have equity to work with, and the real challenge is usually timing: coordinating the sale of your current home with the purchase of the next one without being caught short or rushed into a decision.
At Loanworx, we help established home owners finance their next move. We look at your equity, your borrowing capacity and the sequence of selling and buying, then structure the loan, and where needed bridging finance, so the two transactions line up. Whether you’re upsizing for a growing family, downsizing for a simpler lifestyle, or relocating for work, we match you to the lender that fits the plan.
As an experienced finance broker, we work for you rather than for any single lender. That means presenting your application in its strongest form, explaining the trade-offs in plain language, and managing the lender, the timing and the paperwork so your move stays on track.
Planning your next move? Call us on 1300 562 696 or get in touch and we’ll be back to you shortly.
Moving from one home to the next brings choices a first purchase never does. You have equity to deploy, an existing loan to deal with, and two transactions to line up. Here’s where the decisions usually sit.
The equity you’ve built can fund the deposit on your next home, and sometimes the whole purchase. We work out how much you can access, how it affects your loan-to-value ratio, and whether to release it before or at the point of sale, so you’re not selling under pressure to free up funds.
Selling first gives you certainty on price but can leave you renting in between. Buying first secures the home you want but means carrying two properties for a period. We model both paths against your finances so the decision is based on numbers, not nerves.
Your current loan can sometimes be ported to the new property, or it may be cleaner to refinance into a structure that suits the next stage. We compare keeping, porting and refinancing, and factor in any fixed-rate break costs before recommending a path.
No two moves run the same way. The right finance depends on whether you’re selling first or buying first, how much equity you’re carrying across, and how tight the settlement dates are between the two properties.
We structure the loan, and bridging finance where it’s needed, around the actual sequence of your move, then match it to the lender most comfortable with that scenario. The aim is a clean path from offer to settlement with no gap you have to scramble to cover.
Buying your next home is rarely a standalone decision. Whether you’re also building, investing, or refinancing to help fund the move, our other home loan services connect the pieces. Explore the options below to find the right fit for your plans.
Finance for building rather than buying established, with funds released in stages as the build progresses.
Borrow inside your self-managed super fund to buy property under a limited recourse borrowing arrangement.
Secure a property before completion, with finance timed to a settlement that may be months or years away.
Grants, schemes and low-deposit options that make a first purchase more achievable.
Loans structured around an investment property, your rental income and your wider tax position.
Switch to a sharper rate, unlock equity, consolidate debt or restructure your existing loan.
Financing your next home brings a few extra moving parts a first purchase doesn’t. These are the factors lenders weigh when you’re moving from one property to another.
The equity in your current home usually forms the deposit on the next one. How much you carry across sets your new loan-to-value ratio (LVR), which in turn drives your rate and whether lenders mortgage insurance applies.
We work out the cleanest way to release and apply that equity so the new loan sits at an LVR that gives you the best pricing available.
If you buy before you sell, there’s a period where you may be servicing two mortgages. Lenders assess whether you can manage that bridge, even when it’s short, and some are far more comfortable with it than others.
Matching you to a lender that handles this scenario well is often the difference between a smooth approval and a stalled one.
Where the timing doesn’t line up, bridging finance covers the gap between buying the new home and selling the old one. Lenders look closely at your peak debt, the expected sale price and how long the bridge will last.
We model the bridging period and the end debt so you go in knowing the cost, not discovering it later.
Whether you port, keep or refinance your current loan affects the new structure. If your existing loan is fixed, breaking it early can trigger a cost that needs to be weighed against any benefit of switching.
We factor break costs and porting rules into the comparison before recommending a path, so there are no surprises at settlement.
The property you’re buying is the lender’s security, so its type, location and condition feed into the decision. Standard houses and apartments in established areas are straightforward, while small apartments, rural properties, off-the-plan purchases and unusual builds can attract tighter LVRs or a narrower lender panel. We flag any property that may need a specialist lender before you commit.
A home loan isn’t only about the headline rate. It’s about being matched to a lender that will approve you, structuring the loan so it still suits you in five years, and having someone manage the process so it doesn’t stall. Here’s what working with us looks like.
We compare home loans across a broad panel of banks, second-tier lenders and non-bank funders, so you see a genuine spread of options rather than one lender’s offering. We match the deal to the lender most likely to approve it at a competitive rate, which often isn’t the bank you’d have walked into yourself.
You deal with experienced brokers who shape the application before it’s lodged, not a processing line. We expect to see equity releases, bridging scenarios, variable income and investment portfolios, and we know how to present each one to the lender accurately.
For most home loans, Loanworx is paid an upfront and trail commission by the lender after settlement, and that commission typically does not change the rate or fees you pay. Where a fee for service applies to a more complex scenario, we disclose it in writing before any work begins. No surprises.
From the first conversation to the keys in your hand, we manage the moving parts so you don’t have to chase them. We prepare and lodge the submission, liaise with the lender, coordinate with your conveyancer or solicitor, and keep you updated at each stage so you always know where things stand.
The relationship doesn’t end at settlement either. We check in periodically to make sure your loan still suits you, and flag refinancing or restructuring opportunities when the market shifts or your circumstances change.
It depends on your finances and your appetite for risk. Selling first gives you certainty on how much you have to spend and removes the cost of carrying two loans, but you may need to rent or move twice. Buying first secures the home you want in a competitive market, but means servicing two mortgages or using bridging finance until the old home sells. We model both paths against your numbers so the decision is informed rather than rushed.
Bridging finance is a short-term loan that covers the gap between buying your next home and selling your current one. You only need it if you buy before you sell and can’t cover both at once. The lender looks at your peak debt (the combined balance while you hold both properties) and the expected sale price of the old home, then the loan reduces once the sale completes. We work out whether bridging is necessary and what it will cost before you commit to a purchase.
Usually, yes. The equity you’ve built, the difference between your home’s value and what you owe, can fund the deposit on your next home, and sometimes more. How much you can access depends on your home’s current value, your loan balance and your borrowing capacity. We calculate your usable equity and the cleanest way to release it so you’re not forced to sell before you’re ready.
It depends on your loan and the lender. Some loans can be ported, meaning the same loan moves to the new property, which can save on fees and preserve a good rate. In other cases it’s cleaner to refinance into a structure that suits the next stage. If your current loan is fixed, breaking it early can trigger a cost that needs weighing against the benefit. We compare keeping, porting and refinancing before recommending a path.
Your borrowing capacity depends on your income, your living expenses, your existing debts and the equity you’re carrying across, all assessed at the lender’s buffer rate. Because you may briefly hold two loans, lenders also consider how you’d manage that overlap. Two lenders can return very different limits on the same situation, so we compare your capacity across the market before you start looking.
Only if you borrow more than 80% of the new property’s value. If the equity from your current home keeps your new loan at or below 80%, you avoid lenders mortgage insurance (LMI) altogether. If you’re stretching to a larger home and the new LVR goes above 80%, LMI may apply on the new loan. We’ll show you where the deposit and equity leave your LVR before you commit.
Beyond the deposit, budget for stamp duty on the new purchase, conveyancing or legal fees, building and pest inspections, loan establishment or discharge fees, and moving costs. If you’re selling, factor in agent commission and marketing. Where bridging finance or breaking a fixed loan is involved, there can be additional costs too. We give you a clear picture of these upfront so nothing catches you out at settlement.
A straightforward upgrade with clean finances and a clear sale plan can move to conditional approval within a few days and settle in four to six weeks, aligned to your contracts. Scenarios involving bridging finance, fixed-rate break decisions or tightly timed settlements can take longer to structure. We give you a realistic timeline upfront and flag anything that could slow the move down.
Whether you’re upsizing, downsizing or relocating, we’ll work out the buy-or-sell sequence, compare the market, and present your application to the lender most likely to approve it on the strongest terms.
Level 15/412 St Kilda Rd
Melbourne VIC 3004
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