Refinance / Restructuring
How Long Does Refinancing Take?
5 min read- Finance Guide
- Updated 2026
Quick answer
Typical refinance timeline
2 4 weeks
From application to settlement
- Fast files Sometimes quicker
- Typical files 2 to 4 weeks
- Delays often come from Valuation + discharge
1300 421 044
1300 421 044
What affects refinance timing
Valuation turnaround
A desktop valuation can be faster, but full valuations, unique properties or valuation queries can add days or more
Document quality
Missing payslips, bank statements, company documents or rental evidence can slow assessment quickly
Current lender discharge
The outgoing lender has its own discharge process and timetable, which can affect settlement even after approval
Settlement coordination
The incoming lender, outgoing lender and conveyancing or settlement teams all need to line up for funds to move on time
Typical refinance timeline
Most refinance files move through a fairly similar sequence, although some stages can compress or expand depending on lender process and file complexity.
Initial review
Application and assessment
The lender reviews income, liabilities, credit position and the purpose of the refinance
Property check
Valuation ordered
The valuation can be quick on standard properties, but complex securities can take longer
Final stage
Approval, discharge and settlement
The old lender must release the security and the new lender must settle the replacement loan
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Where time is usually spent
Refinance timing is usually influenced by the following moving parts:
-
01. Application review and servicing assessmentCredit review
-
02. Valuation booking and turnaroundSecurity check
-
03. Discharge authority and settlement bookingCompletion
Common delays with refinancing
Valuation comes in late or low
A slower valuation or a lower than expected result can hold up approval and change the structure of the refinance.
Possible solutions include:
Reduce the requested LVR- Provide extra equity or security
- Use a lender better suited to the property type
Outgoing lender discharge timing
Even after the new loan is ready, the current lender may still need time to process the discharge before settlement can occur.
Possible solutions include:
- Submit the discharge authority early
- Check the lender minimum processing timeframe
- Keep documents signed and returned promptly
Missing or inconsistent documents
Incomplete payslips, statements, rental evidence, company documents or identity checks can push the file back for rework.
Possible solutions include:
- Provide a complete document pack upfront
- Check names, balances and account details match
- Respond quickly to lender conditions
Steps in a refinance
Step
01
Settle the new loan and close out the old facility
Step
02
Estimate property value and target LVR
Step
03
Prepare financial documents and statements
Step
04
Select suitable lenders and products
Step
05
Submit application and order valuation
Step
06
Complete approval, discharge, and settlement
Speak with a Property Finance Specialist
Refinance timing can vary significantly depending on the lender, the property, the valuation method, and how quickly the outgoing lender processes the discharge.
A specialist can review the file early and identify the likely timing pressure points before the application is submitted.
Speak with a finance specialist about your refinance timing.
Submit the short form below and a finance specialist can review your refinance scenario, likely timeframe and any issues that could slow settlement.
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