Low Rate, Fast Approval…But What Happens When Life Changes?
- Camilla Baker
- Oct 4, 2025
- 2 min read
We all love things that make life easier. Fast approvals, low rates, clever apps. The new wave of online lenders has made it easier than ever to apply for a home loan, and for many people, that can be a great fit.
But sometimes life does not fit neatly into the box that a simple lender creates.
A few weeks ago, I met a young family who had financed their home through a low-cost digital lender. The loan looked perfect at the time: minimal fees, a competitive rate, and it ticked the box.
Fast forward a few years and life has shifted. Their kids are growing fast, and they had found a new home they loved - and they want to upgrade without selling first. Completely understandable when you have little ones and want to avoid moving twice.
The issue? Their current lender doesn't offer bridging finance or any flexible options. There's no way to hold their existing home while buying the next one. The only path forward (after they confirmed with their simple lender at my encouragement) was to refinance to another bank, right in the middle of an already stressful family move.
My point isn't to “avoid digital lenders.” For many people, they are a good choice. The key point is that the right loan depends on what lies ahead, not just what is happening today.
When I help clients structure their finance, of course I go after the sharpest rate. But I also look at what might change in the next few years:
Will you want to renovate?
Might you upgrade?
Could a second property or new business be on the horizon?
Thoughtful decisions at the start (ideally with your accountant or financial advisor), around structure, features, and flexibility, can save enormous stress and cost later.
Fast and simple is brilliant when it suits your situation - but when life changes - and it will - you will want a loan that can move with you.
Stuck in an inflexible home or business loan? Contact me today.
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