{ "source": "https://digital-api.bankofmelbourne.com.au/cds-au/v1/banking/products/BOMHLRelocationLoanWithoutEnd", "note": "Product Reference Data published by the data holder under the Consumer Data Right, as cached by this site (refreshed every 6 hours).", "data": { "productId": "BOMHLRelocationLoanWithoutEnd", "lastUpdated": "2026-05-21T00:22:22Z", "productCategory": "RESIDENTIAL_MORTGAGES", "name": "Relocation Loan without end", "description": "Ready to buy your new home but haven't sold your old one yet? Our relocation loan could let you buy now and sell later and make your move smoother.", "brand": "Bank of Melbourne", "isTailored": false, "additionalInformation": { "overviewUri": "https://www.bankofmelbourne.com.au/personal/home-loans/our-home-loans/specialist/relocation-loan", "termsUri": "https://www.bankofmelbourne.com.au/personal/home-loans/our-home-loans/specialist/relocation-loan", "eligibilityUri": "https://www.bankofmelbourne.com.au/personal/home-loans/our-home-loans/specialist/relocation-loan", "feesAndPricingUri": "https://www.bankofmelbourne.com.au/content/dam/bom/downloads/personal/home-loans/Loan-Accounts.pdf" }, "features": [ { "featureType": "OTHER", "additionalInfo": "A relocation loan (also known as a bridging loan) is a short term, 12-month loan that helps you buy a second property while giving you time to sell your first one (even if you still have a mortgage on it). Found your dream home but need to sell your old one for the funds? This loan helps bridge the gap between buying a new home and finalising the sale of your current one. Without End Debt - those that will not have a residual loan on their new property once the existing property is sold" }, { "featureType": "OTHER", "additionalInfo": "Buy now, sell later- Snap up that dream property when you find it. Then take time to sell your current one later to help get the price you want. A relocation loan could help you to make timely offers at inspections and auctions!" }, { "featureType": "OTHER", "additionalInfo": "Cover stamp duty & fees - You can even add upfront costs such as stamp duty and legal fees in your relocation loan if the value and equity in your current home is enough. It helps ease expenses." }, { "featureType": "OTHER", "additionalInfo": "Avoid the rent drain - If you time it well, you could avoid the costs of having to rent a home in the period between the sale of your current property and settlement of your new home." }, { "featureType": "OTHER", "additionalInfo": "No repayments during the bridging period. The interest charges are capitalised over the term of the loan." }, { "featureType": "OTHER", "additionalInfo": "Building Loan Available feature" }, { "featureType": "OTHER", "additionalInfo": "The product includes a combination loan feature." }, { "featureType": "OTHER", "additionalInfo": "Statements of account : We will send you a statement of your loan account at least every six months or more frequently if you request" }, { "featureType": "EXTRA_REPAYMENTS", "additionalInfo": "Subject to terms and conditions, this product includes extra repayment features." }, { "featureType": "FRAUD_PROTECTION", "additionalInfo": "The product includes fraud protection features." }, { "featureType": "RELATIONSHIP_MANAGEMENT", "additionalInfo": "Relationship management is available for eligible customers." } ], "constraints": [ { "constraintType": "MIN_LVR", "additionalValue": "0.00" }, { "constraintType": "MAX_LVR", "additionalValue": "0.80" }, { "constraintType": "MIN_LIMIT", "additionalValue": "10000.00", "additionalInfo": "The minimum amount financed is $10,000" }, { "constraintType": "MAX_LIMIT", "additionalValue": "100000000.00", "additionalInfo": "The maximum amount financed is $100,000,000.00" }, { "constraintType": "OTHER", "additionalInfo": "Maximum repayment term 12 months" }, { "constraintType": "OTHER", "additionalInfo": "Interest Only Option - Capitalised Interest" } ], "eligibility": [ { "eligibilityType": "MIN_AGE", "additionalValue": "18", "additionalInfo": "Applicant should be 18 years or over" }, { "eligibilityType": "RESIDENCY_STATUS", "additionalValue": "An Australian citizen or permanent resident" }, { "eligibilityType": "OTHER", "additionalInfo": "A new or an existing home loan customer." }, { "eligibilityType": "OTHER", "additionalInfo": "An owner occupier buying a new home, or buying vacant land to build a new home using a building contractor." } ], "fees": [ { "name": "Lending Establishment Fee", "feeType": "UPFRONT", "feeMethodUType": "fixedAmount", "fixedAmount": { "amount": "600.00" } }, { "name": "Loan Account Fee", "feeType": "PERIODIC", "feeMethodUType": "fixedAmount", "fixedAmount": { "amount": "8.00" }, "additionalValue": "P1M" }, { "name": "Document Processing Fee", "feeType": "EVENT", "feeMethodUType": "fixedAmount", "fixedAmount": { "amount": "100.00" }, "additionalInfo": "The Settlement Processing Fee, is a fee charged as apart of the fees for Loan Establishment. It is the fee charged for the processing of settlement services. These can include document validation, value transaction processing and, conveyancing activities required for mortgage lending settlements." }, { "name": "Property Valuer Fee", "feeType": "EVENT", "feeMethodUType": "variable", "variable": {}, "additionalInfo": "The Fee starts from $ 164 and the amount payable is dependent on location/value of security property(is)" }, { "name": "Missed Payment Fee", "feeType": "LATE_PAYMENT", "feeMethodUType": "fixedAmount", "fixedAmount": { "amount": "15.00" }, "additionalInfo": "Fee payable when we send customer an arrears letter relating to an overdue amount" }, { "name": "Loan Discharge Fee", "feeType": "EXIT", "feeMethodUType": "fixedAmount", "fixedAmount": { "amount": "350.00" }, "additionalInfo": "Per Mortgage" } ], "lendingRates": [ { "lendingRateType": "VARIABLE", "rate": "0.0928", "comparisonRate": "0.0910", "calculationFrequency": "P1D", "applicationType": "PERIODIC", "applicationFrequency": "P1M", "interestPaymentDue": "IN_ARREARS", "repaymentType": "INTEREST_ONLY", "loanPurpose": "OWNER_OCCUPIED", "tiers": [ { "name": "LVR up to 70%", "unitOfMeasure": "PERCENT", "minimumValue": "0.00", "maximumValue": "0.70", "rateApplicationMethod": "WHOLE_BALANCE" } ], "additionalInfo": "The rates include our 0.10% p.a. discount for LVRs+ up to 70%." }, { "lendingRateType": "VARIABLE", "rate": "0.0938", "comparisonRate": "0.0920", "calculationFrequency": "P1D", "applicationType": "PERIODIC", "applicationFrequency": "P1M", "interestPaymentDue": "IN_ARREARS", "repaymentType": "INTEREST_ONLY", "loanPurpose": "OWNER_OCCUPIED", "tiers": [ { "name": "LVR 70% up to 80%", "unitOfMeasure": "PERCENT", "minimumValue": "0.70", "maximumValue": "0.80", "rateApplicationMethod": "WHOLE_BALANCE" } ] } ] } }