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Selling Your Home

If you are selling your home or a secured property, it’s important to tell us so we can be prepared with all the documentation you need. You will need to complete a Security Property Sold Document Request Form and return it to us at least 10 working days before settlement.

All parties to the loan, including guarantors, need to sign this form that will enable us to prepare all Release of Mortgage documents. This will ensure we’re all ready for settlement day.

Repayments in Full and Refinancing

If you are:

  • repaying or have repaid your loan in full or
  • refinancing your loan to another financier

you will need to complete other specific forms such as a Refinance Authority or a Loan Repaid Document Request Form.

Please contact our Specialised Banking Services on 13 14 22 to find out which forms you will need to complete.

Partial Release

If you are not repaying your loan/s in full on release of a Security property, you will need to apply to for a Partial Release of Security or Substitution of Security. To process either of these applications, we will require additional notice of settlement. To receive a copy of these applications, please contact us. This will also be a good time to review the ongoing management of your loan.

* Home loan comparison rate based on a $150,000 loan over 25 years.  Fixed loan comparison rate applies only for loans with an LVR of 80% or less and a loan amount of $150,000 to $249,999.  WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Interest rates are on a per annum basis. Rates are correct as stated and subject to change without notice. Rates shown are for new loans and do not apply to switches or internal refinances.

Home Advantage Variable rates include discounts shown from the Standard Variable rate. Home Advantage Living Equity rates include discounts from the Living Equity rate. Discounts are based on total lending in the package. Discount Variable LVR rates are for new lending and include discounts from the Discount Variable Loan Rate.  Discounts are not available in conjunction with any other interest rate discount or special offer. All fixed rates are fixed for the period stated and revert to the variable rate applying at expiration of the fixed term. To approved applicants only. Conditions, criteria and fees apply.

Loan to Value Ratio (LVR) is the loan amount divided by the value of your security property (determined by Heritage Bank at assessment), multiplied by 100. Owner Occupied loans have a maximum LVR of 95%, Investment loans have a maximum LVR of 80% and Living Equity has a maximum LVR of 80%. Heritage is not accepting any new investment applications until further notice.

This advice has been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs.

Generate a personalised Key Fact Sheet based on your loan amount, term and repayments. This tool is provided to help you compare home loans from Heritage with other financial institutions.