Multiple properties
Multiple properties. Where this is the case the consumer should be requested to sell the second property. It could be that a shortfall is generated when the second property is sold and this shortfall should be included in the debt review for repayment in line with other unsecured debt.
NDRC Practice NoteLast reviewed 2026-04
Where the consumer owns more than one property, the secondary properties are sold and the proceeds applied to the secured debt before rearrangement is finalised. Mortgage credit providers will reject any proposal that bypasses this step.
Bond creditors typically refuse to consent to rearrangement of a primary mortgage while an investment property remains bonded by the same household.
Drawn from NDRC's active case work. For your situation, see our debt counselling overview.
Cite this clause
National Credit Regulator. (2015). Annexure B — Debt Review Assessment Guidelines, clause 7.3.1: Multiple properties. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 44.