Life changes — and so do our housing needs.
Whether you're upsizing to fit a growing family, downsizing as your circumstances change or renovating to make your current home work better, I'll help you understand your options and make the process as straightforward as possible.
If you've owned your home for a while, you may also have built up equity that could help you achieve your next goal. I'll look at your existing mortgage, equity, income and plans to work out what may be possible.
Thinking of upsizing?
Need more space for a growing family?
Want to move to a better school zone in Christchurch?
Looking for a larger or more suitable home?
If you're thinking about moving, I'll help you understand how your current mortgage, available equity and new borrowing could work together.
We'll look at your current home loan, potential sale proceeds, deposit and borrowing capacity so you know what may be financially realistic before you start looking.
Thinking about keeping your current home?
If you're considering keeping your existing property and buying another home, there may be options to use the equity you've built up in your current property.
This can be more complicated than simply selling and buying, so I'll help you understand the lending requirements and whether this approach could work for you.
Thinking of downsizing?
Are the kids finally out of the house? Ready for something smaller and easier to manage?
Downsizing can be a great opportunity to reduce your mortgage, release equity or simply find a home that better suits your lifestyle.
I'll help you work through the numbers, including what your existing home may be worth, your current mortgage and what you may need to borrow for your next property.
Thinking about renovating?
Sometimes moving isn't the answer. You may simply need to make your existing home work better.
Whether you're planning a new kitchen, bathroom, extension or larger renovation, there may be ways to use the equity in your home to help fund the work.
I'll help you understand how much you may be able to borrow and which lending options could suit your project.
What could you do with the equity in your home?
If you've owned your home for several years, you may have built up significant equity.
Depending on your circumstances, that equity could potentially be used to:
Renovate your existing home
Buy a larger home
Purchase an investment property
Help fund another property purchase
Restructure your existing mortgage
The amount you can access will depend on your income, existing lending, property value and the lender's criteria.
I'll look at the bigger picture and help you understand what's possible.
Why work with Martin?
Moving home or borrowing against your existing property can involve more decisions than buying your first home.
I'll help you understand your borrowing position, compare suitable lending options and work through the process with you.
With more than 30 years of experience in lending, I'll make sure you understand the numbers and what you're committing to before you make your next move.
Ready to make your next move?
Talk to Martin About Your Home Loan Today
Whether you're upsizing, downsizing, renovating or looking to make better use of the equity in your home, I'll help you understand your options.
Existing homeowner FAQs
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How much you can borrow will depend on your income, existing mortgage, other debts, expenses, available equity and the lender's criteria.
I'll look at your current financial position and help you work out what may be achievable before you start looking for your next home.
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Potentially, yes. If you've built up equity in your existing property, you may be able to use some of that equity towards the purchase of another property.
The lender will also consider your income, existing lending and the value of both properties when assessing the application.
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Equity is the difference between the current value of your property and the amount you owe on your mortgage.
For example, if your home is worth $800,000 and your mortgage is $400,000, you have $400,000 of equity.
However, having equity doesn't necessarily mean you can borrow all of it. The amount you may be able to access will depend on your income, existing debts and lender requirements.
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Potentially, yes. If you have sufficient equity in your property, you may be able to increase your mortgage to help fund renovations.
The amount you can borrow will depend on your property value, existing mortgage, income and the cost of the renovation.
I'll help you understand your options before you start the work.
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Yes, this may be possible depending on your financial position.
If you want to keep your existing home, perhaps as a rental property, the lender will assess your existing mortgage, available equity, rental income, other debts and your ability to service the new lending.
I'll help you work through the numbers and understand whether this could be an option for you.
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Not necessarily. There are different ways to structure the finance when moving from one home to another.
Depending on your circumstances, you may be able to buy your next home before selling your existing property, although this needs careful planning.
I'll help you understand your options and the finance required for the transition.
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Potentially, yes. Refinancing or increasing your existing lending may allow you to access some of the equity in your home to fund renovations.
I'll look at your current mortgage and compare the available options to see what may work best for your circumstances.
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When you sell your home, your existing mortgage will generally need to be repaid from the sale proceeds.
If you're buying another property, your lending can potentially be restructured or transferred as part of the move, depending on your circumstances and lender.
I'll help coordinate the finance so you understand what needs to happen before settlement.
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Potentially, yes. If you sell your current home and purchase a less expensive property, you may be able to use the difference to reduce your mortgage.
The amount you'll have available will depend on your home's sale price, outstanding mortgage, selling costs and the price of your new property.
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The best place to start is with a conversation about what you're trying to achieve.
Whether you're upsizing, downsizing, renovating or looking to use the equity in your home, I'll look at your current mortgage, property value, income and overall financial position.
From there, I can explain your options and help you work out the next step.