Split home loan
Quantum Finance arranges split rate home loans in Perth: one portion of the loan is fixed and the rest stays variable, so you get a repayment you can budget around and keep the offset and extra repayments on the remainder.
- One loan, split into a fixed portion and a variable portion.
- A repayment you can budget around on one part, flexibility on the other.
- The offset and extra repayments stay attached to the variable portion.
- The ratio set around your budget, not around a rate forecast.
- Years broking
- 21+Years broking
- Loans settled
- $1B+Loans settled
- Credit licence
- ACL 389083Credit licence
- Lenders compared
- 40+Lenders compared
Our awards and recognition
Awarded by the people who see every broker’s numbers
Diamond Club
2026
Money Quest Group
Diamond Club
2025
Money Quest Group
Diamond Club
2024
Money Quest Group
Mortgage Broker of the Year
2023/24 — National, highest dollar volume settled
Southern Cross Broker Network
Excellence in Finance, Gold
2021
PLAN Australia
Excellence in Finance, Gold
2020
PLAN Australia
Hall of Fame
Valued partner, 15 years
PLAN Australia
Elite Broker
2021
Broker Value Proposition
Premium Broker
ANZ
Individual Excellence Award
2016
Specialist Finance Group
Sales Excellence Award
PLAN Australia
Sales Master Award
PLAN Australia
Top 100 Brokers
Four times
Australian Broker
What our split loan service does
The work we do to structure a split properlyA split home loan divides your borrowing into a fixed portion and a variable portion under one loan. Getting it right is a sizing exercise: how much of the repayment must hold still, and how much has to stay free for the offset and extra repayments.
Most residential loans are paid for by the lender through commission rather than by you. Where a fee would apply, we tell you before you apply, in writing.
A split is not a hedge on where rates go. It is a way of matching each half of the loan to a different thing your household needs from it.
We set the split around your budget, not a forecast
The fixed portion should cover the part of the repayment your household cannot absorb a rise on. Working backwards from that figure gives you a ratio grounded in your actual budget. Nobody at this business can tell you where rates are going, and the split does not require anyone to.
We size the variable portion around what you will pay in
Extra repayments are usually capped on a fixed loan, and the offset only works against variable borrowing. The variable side needs to be big enough to absorb the money you actually intend to put against the loan. Too small a variable portion makes the split pointless.
We compare split policy across 40+ lenders
Lenders differ on how many splits they allow, whether they charge to create or restructure one, and whether the offset can sit against the variable portion. Two lenders can price a fixed term similarly and administer a split very differently.
We explain the break costs on the fixed side
The fixed portion of a split behaves like any fixed loan: exiting it early triggers a break cost, and selling or refinancing can trigger it. The variable portion is unaffected. Knowing which half of the loan carries the restriction is the point of understanding the structure.
We prepare and submit the application
We put the file together so it lands properly the first time, then submit it to the lender we have chosen. Applications fired off to see what sticks are what damage a credit file, so we assess against policy before anything goes in.
We diarise the fixed expiry on the split
When the fixed portion ends it reverts to a variable rate set by the lender, and the two halves then sit on whatever rates the lender applies. We book the review before that happens, so the revert is a decision rather than something that happens to you.
Ways borrowers split a home loan
Six ways to divide a split loan, and who each one tends to suitThe ratio is the whole decision on a split loan, and there is no default that is right for everybody. Each option below starts from a different question about your household.
- An even split
Tends to suit
Borrowers who want the decision to stop being a decision
Worth knowing
Half the repayment is predictable, and half keeps the offset and extra repayments
- Weighted to fixed
Tends to suit
Households on a tight budget with little capacity to absorb a rise
Worth knowing
More certainty, and a smaller variable portion for the offset to work against
- Weighted to variable
Tends to suit
Borrowers intending to pay the loan down quickly
Worth knowing
Keeps most of the loan free of repayment caps, with a smaller predictable core
- Fixed portion sized to the base budget
Tends to suit
Households working backwards from what they must be able to pay
Worth knowing
The most defensible way to choose a ratio, because it uses your figures rather than a forecast
- Variable portion sized to the offset balance
Tends to suit
Borrowers holding a genuine cash buffer
Worth knowing
The offset only reduces interest on variable borrowing, so the variable side has to be big enough
- Different fixed terms on multiple splits
Tends to suit
Borrowers staggering when the fixed portions expire
Worth knowing
Not every lender allows several splits, and some charge to create or restructure them
Knowing the difference does not hurt. Do not stress about picking a ratio, though — tell us what your budget has to survive and what you intend to pay in, and we work the split out from there.
Who split rate home loans suit
The households we split loans forA split suits a household that needs certainty on part of the repayment and flexibility on the rest. These are the situations that arrive most often.
Households in Perth who want a predictable core repayment without losing the offset
Borrowers who intend to pay extra but cannot afford the whole repayment to move
Couples where one income is fixed and the other varies with bonus or commission
Investors who want part of the holding cost known while keeping cash accessible
Borrowers coming off a fixed term who are not confident about fixing everything again
Anyone who has been told to fix by one person and stay variable by another
How our home loan process works
Five steps, from the first conversation to settlementA split loan runs through the same process as every loan we write, with the ratio decided before anything is submitted. Here is the whole thing, start to finish.
Start an application
You send us the basics and we work out what you could borrow and which lenders will look favourably at your situation.
Read this step in full: Start an applicationWhat you need
Income, debts, deposit
Get pre-approved
We put your file to the lender that fits and bring back a pre-approval in writing, subject to lender approval and your circumstances.
Read this step in full: Get pre-approvedWhat we do
Match the lender to your file
Get officially approved
Once your offer is accepted, the lender orders its valuation and issues formal approval.
Read this step in full: Get officially approvedWhat we do
Chase the lender, so you do not have to
Prepare for settlement
We go through the loan documents with you before you sign anything, then coordinate the lender and your settlement agent.
Read this step in full: Prepare for settlementWhat you need
Your questions, asked early
Stay up to date
After settlement we keep the loan under review as rates move and your circumstances change.
Read this step in full: Stay up to dateWhat we do
Review it, and tell you first
Step 1 of 5 · Start an application
About our independent mortgage brokers
The brokers who set your splitIndependent means no franchise above us and no lender owning a share of the business. Nobody upstairs sets a monthly target, so the ratio we recommend follows your budget rather than a product push. Your bank splits its own loan; we compare 40+ lenders.
Gavin Harrigan has been broking from West Leederville since 2005. Today it runs on a small team, Gavin Harrigan, Justin Richardson and Xavier Prescott, each with their qualifications on the page. You deal with the person who writes your loan, before settlement and after it.
The work runs from a first home loan, through refinancing and investment lending, out to construction, small developments and commercial property. Same broker, whichever end of that you are at.
- VerifiedBroking since 2005
- VerifiedOver $1 billion in loans settled
- VerifiedAustralian Credit Licence 389083
- VerifiedMoneyQuest accredited
- VerifiedMember of the Finance Brokers Association of Australia (FBAA)
- Verified40+ lenders on the panel
Fifteen minutes is usually enough to tell you where you stand. No cost, no obligation, and any lending is subject to approval and your circumstances.
Why choose us for a split loan
The ratio is the decision, and it should come from your budgetEvery point below is a consequence of how this business is owned, not a slogan about service.
- Included
No franchise, no head office quota
We do not pay a franchise fee, so nobody upstairs sets a monthly target for us to hit. That removes the main reason a broker recommends the wrong loan.
- Included
No lender owns a share of us
The banks have no stake in this business and no claim on where files go. Your bank has one loan to sell you. We do not.
- Included
40+ lenders, one shortlist
We compare 40+ bank and non-bank lenders, then explain why the shortlist looks the way it does. Policy differences decide more applications than rate does.
- Included
We will tell you when the answer is no
If refinancing does not actually save you money, we say so and you leave the loan where it is. A wrong loan costs more than the fee it earns.
- Included
The same broker after settlement
You keep dealing with the person who wrote the loan. We review it as rates and your circumstances change, not once and then never again.
What our clients say
In their words, not oursReviews left by people we have settled home loans for, pulled straight from the platform they were written on.
Our lender panel for split loans
Split policy differs by lender. We compare 40+Major banks, second-tier banks, and non-bank lenders who administer splits differently to the majors. MoneyQuest gives us access to the panel. 21+ years of writing loans on it tells us who makes a split easy to live with.
A selection of the lenders we are accredited with. Ask us who else is on the panel for your situation.
Our home loan guides
Read one before you decide how to splitPlain-English answers on borrowing capacity, pre-approval and what a broker does that a branch does not. Each one carries a broker's name.
Borrowing power
How much can I borrow?
Income less commitments, tested at a rate higher than the one you would pay.
Read it: How much can I borrow?
First home buyers
The First Home Owner Grant in WA
Who qualifies, what it is worth, and every figure dated to its WA Government source.
Read it: The First Home Owner Grant in WA
Approvals
Home loan pre-approval, explained
What a lender is actually committing to, and what can still undo it.
Read it: Home loan pre-approval, explained
Buying a home
How to buy a house in Australia
The whole sequence, in the order it happens, with the finance in the right place.
Read it: How to buy a house in Australia
Meet our Perth mortgage brokers
You get a broker, not a call centreThree people, all named, all reachable. The person who sets your split is the person who calls you before the fixed portion expires.
Gavin Harrigan
Managing Director
Broking since 2005, four-time Top 100 broker and a PLAN Australia Hall of Fame member.
- Bachelor of Commerce, Applied Finance and Commercial Law — Curtin University
- Diploma of Finance and Mortgage Broking Management — AAMC Training Group
- PLAN Australia Hall of Fame member
- Elite Broker status
- Top 100 Brokers, four times
Justin Richardson
Loan Consultant
Business and law background, and a habit of making the process feel simple.
- Bachelor of Commerce, Business Law and Marketing — Curtin University
- Bachelor of Laws (in progress) — Murdoch University
Xavier Prescott
Loan Consultant
Fresh qualifications, a competitor's discipline, and a lot of patience.
- Diploma of Finance and Mortgage Broking Management
Common questions about split rate home loans
What is a split home loan?
A split loan divides your borrowing into two portions under one loan: one fixed and one variable. The fixed portion holds its rate for an agreed term, and the variable portion moves with the market while keeping the offset account and unrestricted extra repayments.
What is the best ratio for a split loan?
There is no default that suits everybody. A defensible approach is to fix the portion of the repayment your household could not absorb a rise on, then leave the rest variable. That works backwards from your budget rather than from a view on where rates go.
Can I have an offset account on a split loan?
The offset works against the variable portion, because that is where the interest calculation can be reduced. It does not usually apply to the fixed portion. This is why the variable side needs to be large enough to hold the balance you actually keep.
Do break costs apply to a split loan?
They apply to the fixed portion, in the same way they apply to any fixed loan. Exiting that portion early, selling the property or paying a large lump sum against it can trigger a break cost calculated by the lender. The variable portion is not affected.
Can I split an existing home loan?
Often yes, either with your current lender or as part of a refinance. Lenders differ on whether they charge to create or restructure a split and on how many they allow. It is worth asking rather than assuming your loan has to stay as it was written.
What happens when the fixed portion of my split ends?
That portion reverts to a variable rate set by the lender, and the whole loan then sits on the rates the lender applies at the time. The revert is not automatically competitive. We diarise the expiry so it becomes a decision rather than something that happens to you.
Is a split loan more expensive to run?
Not usually in itself, though some lenders charge a fee to create or restructure a split and some limit how many you can have. The rate on each portion is priced separately. We check the specific lender's terms as part of the comparison rather than after settlement.
Related home loans we arrange
The two halves of a split, each on its own pageMost files touch more than one of these. If yours does, it is the same broker and the same conversation.
Fixed Rate Home Loans
Certainty on the repayment, with the break costs and caps explained first.
Learn moreabout Fixed Rate Home Loans
Standard Variable Home Loans
The full-feature variable loan, with offset and redraw and a rate that moves.
Learn moreabout Standard Variable Home Loans
Offset Home Loans
An account that reduces the interest you pay while your money stays available.
Learn moreabout Offset Home Loans
The information on this page is general in nature and does not take into account your objectives, financial situation or needs. Any figures shown are estimates only. Lending is subject to approval, and to the lender's terms, conditions, fees and charges. Consider whether the information is appropriate for you before acting on it.
Get in touch
Talk to us about splitting your home loanFour questions and you are done. A broker reads it, works out the ratio your budget supports, and rings you back on the number you give us.
Would rather just talk?
Ringing is quicker than waiting for us to ring you, and you get a broker rather than a queue.
1300 813 113