Loan Portability allows you to move one facility over to another asset and vise versa. 

  • For example, you may wish to sell one property and instead of paying out the loan you can shift it over to an existing or new property. This leaves you with the available funds from the sale. 
  • This process also avoids further loan applications and credit assessment. It's a very simple way of moving your existing debt. 
  • You are able to keep your existing rates, card facilities and offset accounts which can provide some benefits and administrative ease. 
  • The biggest benefit, is found when you have a fixed loan and your wishing to sell or change this loan. You can then move a variable loan from another property in your portfolio, on to the fixed property and move the fixed loan onto the variable property. Directly swapping loans. Now you are able to make the changes or sell this property without paying the break fees associated with fixed lending.