Whether you’re looking to upsize, downsize or relocate, we can help.
Buying your next property comes with a few extra steps
You'll need to consider a few important factors, from managing your finances to choosing the right time to sell your current home.
Make a plan
Before diving in, take some time to think about what you want in your next home and what to do with your existing home. You’ve got options:
Sell first: Know your budget and avoid juggling two mortgages.
Buy first: Secure your dream home before it’s gone. If you go for this option, you may need to consider bridging finance.
Keep your current home: Turn it into an investment property.
Not sure which path is right for you? Our team can help you weigh up the pros and cons.
Check your budget
Work out your current financial position, including your current home's value and how much equity you have. You might be able to use equity in your current home as a deposit for your next one.
Use our home loan calculator to explore what’s possible.
Secure pre-approval
Know how much you can borrow before you start house hunting. Pre-approval gives you a clear budget and helps you act fast when the right property comes along.
Start the property search
Once you’ve got your finances sorted, it’s time to find the perfect property. Talk to your lawyer before making an offer and include conditions that give you time to do your due diligence.
Plan your home loan
You've found your next home - now you're ready to confirm your loan. We'll help to structure it in a way that works with your lifestyle. This might mean a fixed or floating rate, or a mix of both.
Make it yours!
Once all conditions are met, your offer becomes unconditional - and your next home is nearly officially yours.
How to apply for your next home loan
Ready to move forward with your next home purchase? You can apply online. You'll need to get together your personal and financial details, and set aside about 20–30 minutes to complete your application. See our checklist below of the documents you’ll need to provide.
Prefer to talk?
If you're unsure about any of these steps or would like to discuss your options, our lending specialists are here to help. You can chat with one of our lending specialists on 0800 231 232, Monday to Friday, 8:30am–5pm. Or simply fill out our home loan enquiry form, and a lending specialist will contact you.
What you'll need to apply:
When you apply for a TSB Home Loan, you’ll need to fill out a statement of financial position. This gives us a snapshot of your current financial situation — including your income, savings, expenses, and debts — so we can work out how much you can borrow.
Tip: Make sure the details in your statement of financial position match the bank statements you provide.
You’ll also need to send us:
- Proof of income
The three most recent pay slips for each person applying, to help us confirm how much you earn. If you’re self-employed, you’ll need to send your last two years of financial reports, or if you’re a contractor, you’ll need to send your last two years of individual income tax returns (IR3). - Bank statements
To help us understand your spending and expenses we’ll need the last three full months of bank statements for:- Your main transactional accounts (unless they're with TSB). This might be your transactional everyday account or your credit card.
- Accounts where your income is deposited (if this is different to your main transactional accounts).
- Loan balances
If you’re responsible for any loans in the name of a company or trust, you’ll need to provide the most recent statement – this includes any personal loans, car loans, or other finance.
Note: All statements must be PDF statements downloaded from online banking or provided by your bank (we’re not able to accept scans, paper copies, or any other file types).
Having all these documents ready will help speed up your application and make the process much smoother.
Once you've submitted your application, one of our lending specialists will contact you within three business days to discuss your application and next steps
If you’re unsure about any of these steps, we’re here to help — just get in touch.
Get in touch
Take the next step that suits you
Looking for help?
Talk to a home loan specialist
Whether you’re just starting out or ready to apply, we’re here to help you with your home loan. You can chat with one of our lending specialists on 0800 231 232, Monday to Friday, 8:30am–5pm. They’ll answer your questions, help explore your options, and guide you through the home loan process.
Need help outside of these times? Our Mobile Mortgage Managers can come to you, or you can chat to them over the phone or a video call - so you can get help when it works best for you.
Important information
General Lending Terms and Conditions:
- TSB may approve residential loans with less than a 20% deposit subject to bank funding requirements.
- An Early Repayment fee may apply on fixed rate loans.
- All interest rates are subject to change.
- Lending criteria, terms and conditions and fees apply.
- When you bank with TSB you agree to our General Terms.