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Upgraders: Buying Your Next Home
Ready for more space, a better location, or a home that fits your life now?
Upgrading is exciting, but juggling the sale of your current place, timing, and finance can get complex fast. Henley Home Loans makes the move easier: we map your numbers, compare loans across lenders, and coordinate the steps so you can focus on finding the right next home.
There are dozens of loan options (with new promos and policies changing all the time). As your broker, we’ll recommend a strategy that fits your situation—then handle the paperwork and lodge the application for you.
How We Help with Home Loans for Upgraders
Plan the pathway
We’ll assess your current home’s equity, borrowing power, and budget so you can shop with confidence. We also highlight upfront costs like stamp duty and moving expenses so there are no surprises.
Buy before you sell (if you need to)
We’ll help structure bridging finance or loan portability so you can move into your next home without the stress of lining up exact settlement dates.
Compare across lenders
With access to 60+ lenders, we don’t just chase the lowest rate. We find a loan with the right features — offset accounts, redraws, repayment flexibility — to suit your goals.
Smooth settlements
Coordinating with agents, conveyancers, and banks can be overwhelming. We manage the timeline so your upgrade goes through seamlessly.
Should You Buy First or Sell First When Upgrading Your Home?
Buy first
Lock in the property you want before it’s gone. If timing is tight, a bridging loan or loan portability can help cover the gap until your current property sells.
Sell first
Gives you clarity on your budget and avoids holding two loans at once. You’ll know exactly how much you can spend, though it might mean renting temporarily. Our brokers walk you through both options and recommend what’s best for your financial situation, lifestyle, and appetite for risk.
Popular Options for Upgraders
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Bridging Loan – A short-term solution if you buy first. Covers the gap between your purchase and sale.
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Loan Portability – Transfer your existing home loan to your new property. Ideal if your rate and features are competitive and you want a simple transition.
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Top-Up Loan or Refinance – Tap into your home’s equity to fund your upgrade, cover renovations, or reset your loan structure to suit your new goals.
Our Simple Loan Process for Upgraders
To make your upgrade easier, we keep the loan process clear and transparent:
- Initial Chat – We’ll get to know your goals and current financial position.
- Strategy Session – We map your borrowing power, equity, and options (bridging, portability, refinance).
- Loan Comparison – We shortlist the most competitive loans across 60+ lenders.
- Pre-Approval – So you can make offers with confidence.
- Application & Settlement – We prepare and lodge the application, then coordinate with all parties until your loan is settled.
- 1. What is an upgrader home loan?
- 3. How do bridging loans work for upgraders?
- 2. Can I use equity from my current home to buy my next one?
- 4. Should I refinance when upgrading my home?
An upgrader home loan is designed for people who already own a property and want to buy their next home — whether that’s for more space, a better location, or a lifestyle change. At Henley Home Loans, we help you structure finance for your upgrade using options like bridging loans, loan portability, or refinancing.
A bridging loan is a short-term loan that lets you buy your new property before your current one sells. It covers the “gap” between settlement dates, so you don’t have to rush the sale of your home. Learn more about bridging loans and the upgrade process in our step-by-step blog guide.
Yes — equity is one of the most common ways upgraders fund their next purchase. By accessing the difference between your property’s value and your current mortgage, you may be able to cover your deposit or reduce the size of your new loan. We’ll assess your borrowing capacity and equity to create a strategy that fits.
Refinancing can be a smart option if your current loan no longer suits your needs. It can give you access to equity, a more competitive rate, or better loan features for your new home. We’ll compare options from over 60 lenders to see if refinancing makes sense for your upgrade.
Need a home loan?
Whatever your circumstances, we will look for a loan that’s right for you, not the lender. Send through a quick enquiry and we will be in touch.