Whether you’re looking to upsize, downsize or relocate - we can help you make your next house a home.
Buying your next home
Where do I start?
Selling your current home and buying a new one can be a busy time. For most, the option to sell first can leave you with equity and a clear budget to purchase a new home. But there are times where buying first may suit your circumstances better.
Selling before you buy
The benefit of selling your current home before buying a new house means you won't have to pay two mortgages, and you'll know exactly how much you can afford to spend. However, you may end up with the added expense and trouble of having to organise a rental and moving house twice. Even if you do find the right property, it can take longer than you might anticipate to reach settlement, which means you may have a period of time between exiting your last home and moving into your new one.
Buying before you sell
If a house that ticks all the boxes comes on the market it can be hard to resist putting an offer on it, especially in a hot market with lots of competition.
Owning two homes
If your offer is accepted you may find yourself in the position of owning two homes. Unless you can align the settlement dates on the two properties perfectly, you’ll find yourself in a position of needing to service two home loans.
Owning two homes can also have insurance implications as you’ll need to have both covered until you can hand over ownership of the property.
If you're planning to buy first, you can make the sale of your existing home a condition of your offer. While this takes the pressure off, it may also make your offer less attractive.
Negotiate a longer settlement date
Alternatively you could try to negotiate a longer settlement when you buy the new house, which will give you more time to sell. Discuss options with the real estate agent to find out how you can negotiate an offer that the seller would still be happy with.
If you’re selling your current home to move into a new one, Bridging Finance can help take the pressure off. Give one of our team a call to discuss your options for this situation.
Other things
To think about
Preparing to sell your home
What to think about when getting ready to sell your home.
House hunting, what to look for
Six things to think about when house hunting.
Apply now
Apply online or chat to a lending specialist
You can start your application online today or send us an enquiry with your key details. One of our lending specialists will get in touch to chat through your home loan options, answer any questions and guide you through the home loan process.
Home loans
Choose what's right for you
Your rate
Whether you’re after the certainty of a fixed term, the flexibility of floating, or a combination of both, we have a range of competitive rates to offer.
Your home loan options
When it comes to loan type and repayment plans, one size doesn't fit all. Enjoy the freedom of a revolving credit, or make budgeting easier with a fixed home loan - whatever works best for you.
Work out your repayments
Align your repayments to suit your lifestyle, whether it's weekly, fortnightly, monthly or quarterly. Use our home loan calculator to see what your repayments could be.
Manage your home loan
With a little planning and some helpful home loan tools, you can shorten the length of your loan term, reduce the amount of interest you pay, and save money in the long run.
We're here to help
Bridging finance
If you're selling your current home to move into a new one, Bridging Finance can help take the pressure off. Give one of our team a call to discuss your options for this situation.
Don’t forget to read this bit
All interest rates are subject to change. TSB’s current account opening criteria, current lending criteria, terms and conditions, fees and interest rates apply. Use of accounts and services are subject to TSB’s General Terms.