Relocation Loans

What is a Relocation Loan?

A relocation loan is a short-term loan that bridges the financial gap between buying your next property and selling your current one. It gives you access to funds using the equity in your existing property as security, so you can move forward on a purchase without waiting for your home to sell first.

Once your current property sells, the proceeds repay the loan. Your existing mortgage stays in place; there's no need to refinance or restructure what's already working.

Relocation loans are a form of bridging finance designed specifically for homeowners buying and selling simultaneously. For Mango Mortgages consumer loans, the exit strategy must be the sale of the security property, a requirement under NCCP legislation. This is also the whole point of a relocation loan: you're already planning to sell, so the loan is structured around exactly that.

Relocation Loans vs Bridging Loans

The two products are closely related: both are short-term, property-secured loans repaid from a property sale. The distinction is mostly one of framing and purpose.

A bridging loan covers a broad range of buy-before-you-sell and timing-gap scenarios, including investment purchases, auction finance, and business-related property transactions. Relocation loans are designed for homeowners who are moving (upgrading, downsizing, or changing locations) and need funds to secure the next property before their current one sells. The loan is structured around the residential move, with repayment tied directly to the sale of the existing home.

If you're not sure which structure suits your situation, our team can walk you through the options and find the right fit.

Why Use a Relocation Loan: How it Helps

It can be overwhelming to buy and sell while ensuring everything, from settlement dates to moving schedules, lines up. Relocation loans smooth the process by giving you the funds to purchase now and more time to sell your current property later.

Buy your next property without waiting to sell
Avoid underselling your current property due to time pressure
Settle into your new home at your own pace
Keep your existing home loan in place
Skip lengthy paperwork and credit checks
Use your equity without refinancing
Enjoy flexibility around settlement dates and timelines

Relocation loans are especially useful if your property is taking longer to sell, or if you've found a deal you don't want to miss.

We also offer short-term first mortgages for anyone needing fast access to funds, but isn't necessarily buying and selling simultaneously.

How Funding Works

With Mango Credit, you'll have full visibility of fees, timelines, and repayment expectations throughout the process – no guesswork or hidden surprises.

1. Make an Enquiry

Start with a simple, obligation-free enquiry online.

2. We Assess Your Equity and Timeframe

We'll assess your current equity and proposed timeframe.

3. Approval and Funding

Get approved funds usually within 3 to 5 business days.

4. Sell and Repay

Sell within the agreed timeframe and repay from the sale proceeds.

Why Apply for a Relocation Loan with Mango Credit?

At Mango Credit, we're a trusted private lender with a reputation for flexibility, transparency, and speed.

Here's what sets us apart:

No credit score hurdles, hits, or unnecessary delays
No income verification required
Minimal documentation and straightforward process
Personalised service from a team who cares
Negotiable funding from $50K to $500K+
Upfront terms and competitive interest rates
Expert advice and guidance from a dedicated team

Get Moving with a Relocation Loan Today

Relocating doesn't need to feel like a juggling act. With Mango Credit's relocation loans, you can secure your new place, take your time selling the old one, and move on your terms.

Ready to make your move? Let's talk through your options.

Get in touch Call (02) 9555 7073 Email us

Relocation Loans: Buy Before You Sell