Sell my property

When selling, instead of discharging your mortgage, you keep it. You then request a security swap, changing the property held as security against the loan from your old property to your new one.

• Keep your loan for ease and convenience
• No break costs when porting a fixed loan
• No new home loan upfront costs or hassles
• Faster with less prep and paperwork.

Portability, also known as a substitution of security, can be done in two ways:

Same time settlement

When you’re buying and selling at the same time. One property is substituted for another as security.

Deferred settlement

When you’ve sold but not bought, or you’re waiting on settlement. With no property as security, in the interim, a term deposit can be set up.

To port your loan, you’ll need to complete the Property and Security Requests form and provide the following:

Step 1. Details of your current and new property (if applicable) and settlement date(s).

Step 2.  Select ‘No’ when asked ‘Will the loan be closed?’ and write ‘Application for portability’ under ‘Additional information’.

Step 3.  Download, print and sign the form before returning to us. We’ll get back in touch with you.