Further Rate Hikes for Borrowers
Recently, there have been several significant changes to lending practices by all lenders, which were introduced in order to slow investment lending across Australia to try and avoid a downturn in the property market. To enforce this further, the Australian Prudential Regulation Authority (APRA) introduced a 10% cap on investment lending growth and mandated that […]
Home Loans and the Self Employed
One of the biggest problems we often see with self-employed clients is their financials not being up to date. This can greatly affect their ability to secure a home loan, especially if they have already found their dream property. We are here to help; with our wide network we have access to lenders who will […]
Helping Clients Achieve Their Goals
We recently assisted a client who found himself in a tricky situation after receiving pre-approval with a lender, purchased a property and then was told the application couldn’t be approved. The trouble was that the Bank Manager who granted the pre-approval was no longer there and the current Bank Manager would not grant approval, with […]
First Home Owners Grant… How Does a House and Land Package Work?
If you’re dreaming of owning your own home and want to take the first step to getting your hands on a set of keys, one option for you to consider is building your brand-new home using a house and land package. You have probably already heard of the term “house and land package”, but what […]
The Five C’s of Lending
When applying for a home loan, there are many factors that lenders need to consider before deciding to either approve or decline your application. This is often based on a detailed risk assessment, also known as the 5 C’s of Lending. We are here to help you navigate the lending market and understand why these […]