Getting a mortgage in Australia while on maternity leave.

Getting a mortgage in Australia has become harder over the last two years as regulation continues to increase. For those who are looking to go on maternity leave you’re probably wondering “has anyone been approved a home loan whilst being pregnant?”

You have your birth plan organised, the baby’s room is prepared, painted, with a crib, change table and rocking chair set up, and the pram is sitting in the corner. You have a budget ready for when your baby arrives, and you’re preparing to live on one income, just for a little while.


The last thing on your list of things to prepare before your baby arrives is refinancing your mortgage and fixing it at a lower interest rate until you are back at work.

But you’ve heard that the banks won’t lend to people when you’re on parental leave ‘in case you don’t go back’. You may have even heard friends say that the bank declined their mortgage applications while they were on paid maternity leave.

You have enough on your plate, and you don’t need the extra stress of trying to navigate the world of finance!

Getting finance while on maternity leave can certainly be a challenge.(Understatement of the year) The problem most women face is that often we may only be paid half of our normal salary while on leave, and so if you think of lenders as drones processing hundreds of applications a day, most of them won’t process your loan based on your normal salary. They’ll just look at what’s on the paper right now, stamp it and move on.

But it can be done!

We’ve worked with quite a few clients who are expecting their little bundle of joy, and know exactly which lenders to approach, and who to talk to about maternity finance.

Of course, it’s better and easier to refinance your home loan while you’re pregnant and still working than it is while on parental leave… but, things don’t always go according to plan. And if that’s no longer an option for you, you don’t need to feel “stuck” with your current lender. We’re still able to help you and your partner refinance to a better deal.

You might be wondering:

What if I’m on on unpaid parental leave?

Unpaid parental leave is viewed by the majority of banks as if you were unemployed!

Many banks won’t even touch your application until you’re actually back at your job. No amount of letters from your employer, signed paperwork, or “we miss you” cards from HR will make them change their mind.

You see, the banks are looking out for their own interests, not yours!

But even with unpaid maternity leave, there are still a few options available, and we know where to look. You have enough on your plate, and you don’t need the extra stress of trying to navigate the world of banks and lenders and drones at a time like this.

Here’s the deal:

You want a clear path and specific actions, and we can give you both.

Get in touch with Pinpoint Finance, and we’ll guide and help you get approval for a home loan or investment loan.

Who is Pinpoint Finance?

Pinpoint Finance is a multi-award winning finance specialist, passionate about helping young professionals and women in the workplace to secure their financial future, and build their investment portfolio. Pinpoint Finance is lead by Edwena Dixon.

Get in touch with Edwena to chat about your future.