Is it easy to get owner occupier loan while still living in own house? We are planning to buy and move to a different house (almost similar in value) and make current one as investment and rent it out. We can get rental appraisal for current house from local RE agent that would add to our serviceability calculation. Current home loan is on a low owner occupier interest rate. I guess if we don't tell our current lender that won't change. If new lender accepts our loan application(for pre-approval) as owner occupier for new house, we will get low OO interest rate. Can new lender give us pre-approval for owner occupier if we just tell the intentions as described above? If we bought the house and don't move there (because new house is not suitable for own living), is there anything bank can do?