Loan Portability: Keeping Your Loan When You Move
Christian Stevens, Mortgage Broker
Published December 1, 2025, 1:19 P.M
Discover how can save time and money when moving home. Flintgroup.au experts guide you on transferring home loans, retaining interest rates, and leveraging flexible mortgage options.
Key Facts
It lets you transfer your existing home loan to a new property — without refinancing.
It helps you keep your interest rate, loan features, and lender relationship when moving house.
Common among upsizers or downsizers looking to avoid the hassle of a full new loan.
Flintgroup.au helps assess if portability works for your move — or if a refinance may be smarter.
Loan Portability: Keeping Your Loan When You Move
If you’re planning to sell your current home and buy a new one, loan portability can help you make the move without restarting your entire mortgage. It allows you to keep your existing home loan, interest rate, and features — and simply transfer it to your new property.
Let’s explore how loan portability works, who it benefits, and what to watch out for.
What Is Loan Portability?
It is a feature that allows you to transfer your existing home loan from one property to another — usually when buying and selling at the same time.
Rather than paying out your current loan and applying for a brand-new one, you keep the same loan product, loan number, and interest rate, and just swap the security (the property).
This can save time, effort, and even money.
Key Benefits of Loan Portability
Avoid discharge and application fees: By keeping your loan, you can often avoid the fees associated with ending one loan and starting another.
Retain your current interest rate and loan features: Especially beneficial if you’re on a competitive rate or have useful features like offset or redraw.
Streamlined process compared to refinancing: With fewer credit checks and approvals required, portability can be quicker and less paperwork-heavy.
Good option for fixed-rate loans: You may be able to avoid costly break fees by porting your fixed-rate loan to a new home.
When Loan Portability Makes Sense
Loan portability can be a great fit for borrowers who:
- Are upsizing or downsizing: Moving to a new home and want to take their loan with them.
- Have a fixed-rate loan they don’t want to break: Avoids costly exit fees or rate losses.
- Already like their lender and loan features: No need to shop around or reapply from scratch.
- Are transacting simultaneously: Portability usually requires the sale and purchase to happen on or near the same day.
What to Watch Out For
Strict timing required: Most lenders require both transactions (sale and purchase) to settle on the same day or within a short window.
Lender must approve the new security: Your new property still needs to meet the lender’s criteria.
May not suit major changes: If you’re borrowing a different amount, changing loan purpose, or need to change borrowers, a full refinance might be more appropriate.
Not all loans offer portability: Especially common in basic or low-rate products, portability may not be included.
Tips for a Smooth Loan Portability Process
- Speak to your Flintgroup.au broker early: Confirm if your loan is portable and whether it’s the right fit for your moving plans.
- Get pre-approval on the new property: Even though it’s not a new loan, your lender still needs to assess the new asset.
- Be organized with settlement timing: Work with your conveyancer or solicitor to coordinate the sales process with your lender.
📞 Want to Keep Your Loan and Just Move Your Property?
At Flintgroup.au, we help you take advantage of loan portability where it makes sense:
- Review your existing loan to confirm if it’s portable
- Guide you through eligibility, timing and conditions
- Compare portability with refinance options to find your best fit
Chat with Flintgroup.au today to simplify your next property move and keep your loan working for you — no need to start over.
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