Move your home loan to ABC Bank
If you’re thinking about a change or looking for a better deal, why not move your mortgage to ABC Bank. Moving your home loan to us may be easier than you think.
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So why are you looking to move?
People switch home loan lenders for a variety of reasons. What’s yours?
- Is your fixed interest rate term ending? If your current home loan isn't offering you the best deal anymore, perhaps it's time to see what else is out there. Now might be a good time to get a better interest rate or structure a home loan that better suits you.
- Did you set and forget? If your circumstances have changed but your home loan hasn’t, it may be time to review it. Is the structure of your home loan still right for you? You may even be able to save interest by making a few simple changes.
- Are you buying, building or renovating? Whether it’s your own home or an investment property, you may be able to use the equity in your home to borrow more money.
- Are you looking to consolidate your debt? If you have other debt, like a car loan or hire purchase, you may want to move it to a home loan on a shorter term. The interest rate for a home loan may be lower than your hire purchases, credit cards and personal loans.
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Get more from an ABC Bank home loan
When you move to ABC Bank we'll look after you.
- We work for you. We take time to get to know you and provide you with the right information to help you choose the right loan for your situation and financial goals.
- Get a better home loan deal. Switch to us and you could get a better interest rate, as well as a cash contribution to help with any switching costs.
- Pay home loan interest rates on other debt. You may be able move all your debts to an ABC Bank home loan and pay a lower interest rate. You can choose to have just one payment for all your debt and you could pay less in interest.
- Get fee-free banking for 6 months. If you’d like to move your everyday banking to us as well, you may be eligible for 6 months fee-free banking and other ongoing benefits through our introductory offer. Terms and conditions will apply. Find out more.
- We make switching easier. Once your ABC Bank account is open, our dedicated switching team can help you move your automatic payments and direct debits to ABC Bank.
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Ready to switch? Here’s some things we’ll need
- Proof of annual income – a couple of payslips or, if you work for yourself, a profit and loss statement.
- Details of your debts and expenses – including any loans, credit cards, hire purchases and child support, as well as an idea of household expenses.
- Some form of ID – only if you’re not an ABC Bank customer.
And if you’re buying a new property, we might also need:
- A copy of the sale and purchase agreement.
- A registered valuation of the new property – depending how much equity and deposit you have.
- Evidence of your deposit – such as a bank statement.
Please note these lists are a guide only, so there may be other things we also need from you.
Did you know?
If your property’s value has gone up since you bought it, you may be able to use your home’s equity. Check out our home equity guide, or get in touch and we can tell you more.
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There may be some switching costs
As a responsible lender, it’s important we let you know about the potential costs of moving from one home loan provider to another. we’ll help make it as easy as possible on your wallet, but you should consider:
- Exit fees and charges from your current lender. Whether you’ll incur costs or not will depend on the structure of your existing loan and your current lender’s policy.
- Low equity fees. If you’re borrowing more than 80% of the value of the property, these may apply.
- Loan processing fee. Please talk to us about this.
- Solicitors costs. Your solicitor will need to be instructed to complete the refinance process including discharging your current mortgage and registering our mortgage over the security property. Different solicitors charge different fees so talk to your solicitor about these fees and charges.
Apply for an ABC Bank home loan
Apply online
Ready for the next step? Apply online, and we’ll respond within four business hours.
Call us
Speak with one of our lending specialists 7 days a week.
+19293602951
Visit a branch
Visit us at one of our many branches across United States.
We can come to you
Our mobile lending managers cover much of the country.
Other helpful guides
ABC Bank’s lending criteria, terms and fees apply.
