Moving your business lending to a new bank is doable, but it takes planning. Before you tell your current bank you're leaving, check that the move will actually work: review all your existing facilities, get up-to-date valuations on the properties securing them, and confirm the new lender's policies suit your business and industry.

In this short video, McKern mortgage broker Mark Jones explains the moving parts in refinancing commercial lending and why you should have your new approval in place before you make the leap.

General information only, not personal advice.