Time for a
Restructure or Refix?
Your home loan structure shouldn't be one-size-fits-all. Whether you need to refix at a better rate or restructure for more flexibility, AML Home Loans helps you find the right setup — completely free.
Typical Saving on Refix
0.25–0.75% Lower Rate
What Is a Restructure or Refix?
Two powerful ways to take control of your mortgage — without necessarily switching lenders.
Refixing
Refixing means locking in a new interest rate for another fixed term — usually 1 to 5 years — while keeping your current loan structure and lender unchanged. It's the quickest way to secure a better rate when your fixed term ends.
- Same lender, same loan structure
- Lock in a competitive rate for a new term
- Quick process — no solicitor fees
- Rate can be secured up to 60 days early
Restructuring
Restructuring changes how your loan is set up — for example, splitting it into fixed and floating portions, adjusting loan terms, or changing repayment frequency. It's about tailoring your mortgage to match your current life and financial goals.
- Split loan into multiple portions
- Combine fixed rate security with floating flexibility
- Add offset or revolving credit facilities
- Adjust term lengths to match your goals
Not sure which one you need?We assess your current loan, upcoming expiries, and financial goals to recommend whether a refix, restructure, or full refinance is right for you.
When Should You Consider
a Restructure or Refix?
Certain moments in your financial journey make refixing or restructuring particularly valuable.
Fixed Rate Expiring Soon
Your fixed term is ending in the next 60 days. Acting now locks in a new rate before your loan rolls onto a higher variable rate — one of the costliest traps for busy homeowners.
Interest Rates Have Dropped
If market rates are lower than what you're paying, refixing can save you hundreds per month. Even a small drop makes a real difference over the life of your loan.
You Want More Flexibility
If your circumstances have changed — a new baby, a pay rise, or plans to renovate — restructuring can give you an offset account, split loan, or revolving credit to match.
Cash Flow Is Tight
Extending your loan term or switching to interest-only for a period can lower repayments and ease the pressure. We help you restructure without derailing your long-term goals.
You Want to Pay Off Faster
If your finances have improved, consider splitting part of your loan into a floating or revolving facility so you can make extra repayments without penalties and own your home sooner.
Your Current Structure No Longer Fits
Life changes — your mortgage should too. Whether you're going from single to joint income, starting a business, or planning an investment property, a restructure keeps your loan working for you.
How Restructuring & Refixing Works —
3 Simple Steps
From your initial chat to a loan that fits — it's straightforward and fast.
Free Loan Review
We sit down with you — phone, video, or in person — and review your current loan, upcoming rate expiries, and financial priorities. No cost, no obligation.
Design the Right Structure
Based on your goals, we recommend the best approach — refix at a better rate, split your loan, add an offset account, or adjust your term. We explain everything in plain English.
We Implement the Change
We coordinate with your lender to execute the refix or restructure. You get a loan that fits your life — with repayments, features, and flexibility that actually work for you.
Example Scenarios
See how refixing and restructuring has helped Kiwi families like yours.
Simple Refix
Scenario
Sarah's $450,000 fixed rate is expiring in 6 weeks. Her current rate is 6.79%, and the best available fixed rate is now 5.99%.
Outcome
We locked in the new rate 45 days early, saving Sarah $300 per month — $3,600 a year — with zero paperwork on her end.
Loan Split Restructure
Scenario
Mike and Emma have a $600,000 mortgage. They want rate security but also need flexibility for extra repayments without penalties.
Outcome
We split their loan: 70% fixed at a competitive 2-year rate and 30% floating with an offset account. They save on interest while keeping access to their savings.
Term Extension for Cash Flow
Scenario
After having their second child, Tom and Lisa needed to free up monthly cash flow. Their $520,000 loan was on a 25-year term.
Outcome
We restructured to a 30-year term with a refix at a lower rate. Their monthly repayments dropped by $480, giving them breathing room during their parental leave.
Restructure & Refix FAQs
Straight answers to the most common questions about refixing and restructuring your home loan.
Is refixing the same as refinancing?
No. Refixing means keeping your current loan with the same lender but locking in a new interest rate for another fixed term. Refinancing involves switching to a completely different lender. Refixing is generally quicker and simpler, while refinancing can give you access to cashbacks, different loan features, or a better rate if your current lender isn't competitive.
Can I restructure while still fixed?
Yes, but you may need to pay break fees if you split or change your loan before the fixed term ends. Some lenders allow partial restructures without penalties. We always check the numbers first — if the long-term benefit outweighs the break cost, it could still be worth doing.
Will my repayments change immediately?
Yes — once you refix or restructure, your new rate takes effect, and your repayments will adjust accordingly. If you're refixing, you'll receive a new repayment schedule before the change happens so there are no surprises. If you're restructuring (e.g. splitting into fixed and floating portions), each portion will have its own repayment amount.
How often should I review my loan?
We recommend a review at least once a year, or every time your fixed rate is up for renewal. Many Kiwis set it and forget it, but the market moves fast — a quick annual check could save thousands. We offer free loan reviews with no obligation, so there's no reason not to stay on top of it.
What is a loan split and should I consider one?
A loan split means dividing your mortgage into portions — for example, 60% fixed and 40% floating. This gives you flexibility: you get the security of a fixed rate on most of your loan while keeping a variable portion for extra repayments or offset accounts. It's one of the most common restructures we recommend.
How far out from my fixed rate expiry can I refix?
Most lenders allow you to refix between 14 and 60 days before your current fixed term ends. Some even let you lock in a rate up to 90 days ahead. We keep track of your expiries and reach out before your rate rolls onto a higher variable rate.
What happens if I miss my refix window?
If you don't refix before your term ends, your loan will automatically roll onto the lender's standard variable rate — which is almost always higher than a fixed rate. Acting early ensures you secure the best available rate and avoid paying more than necessary.
Ready to Take Control of Your Loan?
Book a free, no-obligation loan structure review. In 30 minutes, we'll show you your options — whether it's refixing, restructuring, or something in between.