The costs to count and the steps to get right when you change lenders to start or continue debt recycling.
Home › Resources › Refinance to Recycle Checklist
A refinance for debt recycling is about structure, not size. Done properly, your total debt stays the same on settlement day, and only the way the loan is arranged changes.
The checklist follows how we run a refinance for debt recycling, from the cost tally to the first statement at the new lender.
Already running deductible splits? Our guide to moving a split to a new lender explains why each one is replicated exactly.
Alex can look at how your loan is set up and tell you what would need to change. Free, no-obligation call, by phone or video.
Request a call with Alex →Not by itself. A refinance for structure generally opens at the same total balance as the loan it replaces, just divided differently. Drawing equity to invest is a separate step taken later, in tranches, with advice from your financial adviser.
Sometimes, but get a written break cost quote first. A break cost reflects the gap between your fixed rate and current rates, and waiting for the fixed term to end is often cheaper. Weigh it with the other switching costs against the benefit over the years the strategy will run.
Generally the new split takes on the character of the split it repays, provided it pays that split out directly and is no larger than the payout figure. Merging it with home debt creates a mixed-purpose loan. Your registered tax agent confirms the position for your circumstances.
How we move you to a loan that splits and redraws cleanly.
Read more → GUIDEWhat to replicate, document and avoid when you switch.
Read more → RESOURCEConfirm the new loan has the features the strategy needs.
Read more →
1. Arranged a loan when our small business situation made it difficult to qualify.
2. Met requirements to have funding available by a specified date.
3. Understood my needs to setup debt recycling to allow tax structuring.
4. Communicated well throughout.
I would use their services again.
Alex, Jess and the Kingfisher team were second to none and their process from start to finish was faultless. As a self-employed business owner, it can be difficult to obtain finance at the best of times. The Kingfisher team made this an easy and efficient proposition and their continued transparent and efficient communication ensured we were kept up to date at all times. Highly recommend them for your finance needs!
Alex and Jess dealt with our investment loan and provided a top tier service. They kept us up to date and communicated every step of the process making it a seamless and smooth experience! Awesome work team we will definitely be back for future loans!
Jess from Kingfisher was outstanding. I couldn't fault her communication, expertise or dedication to finding the best loan for our situation. The entire process was seamless from start to finish. We'll definitely be using Kingfisher again in the future. A top-tier organisation.
