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LIFT LENDING – MORTGAGE BROKERS

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About us

Lift Lending provides access to the latest and most comprehensive list of products and services to best meet your financial needs. We specialise and are passionate about helping clients achieve their financial goals whether it be for first home buyers, financing or investment. This means taking the time to understand your short and long term goals with your life aspirations to negotiate the right finance options for your needs from the hundreds that are available. We will support you throughout the process and will work with you long after your loan has settled to make sure you are still getting the best value and most suitable loan for your ever changing lifestyle and goals. We have access to platforms and expertise from various groups including Mortgage Australia Group, AFG and our extensive list of industry specialists. If you want to become mortgage free faster and easier and to discuss or review your loan requirements call on the details below. Start saving today!

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How we can help you?

Via our access to a diverse and comprehensive list of products and services

Working out your needs and requirements should not be rocket science How many times has the thought of trying to get a better structure to your financial requirements seem too overburdening? People often tend to leave this or put it in the ‘too hard basket’.  Whether you are new to the market, trying to simplify or find a better product or rate, we can provide the assistance that better meets the needs of your portfolio. We can provide access to assistance in determining your serviceability and portfolio needs through our extensive brokerage platform we use. By entering in your specific needs into the tools, we can help narrow down the products and rates that best suit your needs. The platforms we use help minimise the amount of rework when applying for different products through different institutions, saving you time.

Do you have a low deposit?

Have you got only a low deposit or are new to the market? – We can help.

Need to work out your overall loan size and see what is available?

How much can you borrow against your assets and find the best product for your needs. – We can help.

Not sure if you can service a new loan?

Not sure if your income can allow you to service the loan for your needs, whether it is a new house or your portfolio of loans? – We can help.

Meet your needs

We strive to find the products and services that best meet your needs – always.

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Our Team

Sandra

Specialist Mortgage Broker / Partner

Peter

Partner

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Testimonials

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Latest News

News from our social media feed

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Sandra & Peter Erdel - Lift Lending Peakhurst

Sandra & Peter Erdel - Lift Lending Peakhurst

www.liftlending.com.au Provides mortgage and lending product support to meet personal and investme

Sandra & Peter Erdel - Lift Lending Peakhurst

2 days ago

Sandra & Peter Erdel - Lift Lending Peakhurst
What you need to know about the most important part of your home loan:Are you an expert on all lending related topics? That's okay - most people aren't. If you're still trying to understand the truth about interest rates, you're not alone. Here are a few answers to the questions you were too embarrassed to ask.How are interest rates determined?The Reserve Bank of Australia (RBA) sets the official interest rate or 'cash rate' which takes into account a whole list of factors about how the economy is performing at that point in time. The RBA meets once a month to review the inflation rate, unemployment figures, CPI, PPI and retail sales, and from that information they decide whether to increase, decrease or leave on hold the official cash rate.The cash rate is the interest rate that the banks and lenders will pay to the reserve bank. If this increases, your lender will usually pass the cost onto you - the borrower. If the cash rate decreases - the reserve bank intends that the savings should also be passed on by your lender - but this isn't always the case.By moving the interest rates up and down, the RBA tries to keep the Australian economy in check, by either slowing things down to keep the cost of living under control, or speeding up spending to help boost growth in certain areas.What are the different types of interest rates?The two main types of interest rates are Variable and Fixed.Variable rates are usually a bit lower, and you pay the best going rate at the time. If the cash rate increases, your lender will increase your variable interest rate. But if the cash rate decreases, your repayments will usually go down.Fixed interest rates are locked in for a period of time -usually just a couple of years - so that you know exactly how much you will need to budget for. This can be helpful for borrowers on a strict budget who can't afford a lot of interest rate rises in the short term. However you will usually pay a higher interest rate overall if you choose this option.Which interest rate is best for me?The decision of whether to choose a variable or fixed interest rate should be made after carefully considering your own personal needs and commitments. A mortgage broker should be able to help you weigh up the pros and cons to work out the best option. ... See MoreSee Less

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Sandra & Peter Erdel - Lift Lending Peakhurst

2 days ago

Sandra & Peter Erdel - Lift Lending Peakhurst
Avoid these Common Mortgage Mistakes:For many homeowners, it's easy to get caught up in all of the excitement, and stumble into one or more of these embarrassing mortgage mistakes. Unfortunately I see it very often.Getting a Standard Variable Rate loan:Banks love nothing more than putting customers into a Standard Variable Rate. They heavily promote the extra flexibility and offset facility. The reality is it is very rarely worthwhile for the average customer to pay the higher rate for the extra features.Even if you have a large amount of money to put in an offset account, you could achieve much the same thing with a basic loan with a redraw facility and pay a much lower interest rate. If you want a fully featured loan, compare the costs of these extra features to the lender's cheaper products. Or better yet, push for a liefetime discount package on the standard loan and get the best of both worlds.Honeymoon Rates:There's an old saying - 'if it sounds too good to be true, it probably is'. This is the best way to describe 'Introductory Rate' home loans. Don't get me wrong, there are some great offers out there, and a low rate in the first year or two can make all the difference to your weekly budget. But to avoid future pain, it's best to base your comparison on the rate that you will pay when the honeymoon is over.Rate Rises:Part of the loan application process is to work out what you can afford to repay, based on current interest rates. But did you consider what would happen to your budget if interest rates were to increase? Many Australians have been caught out in the past, with disastrous consequences. The best way to avoid becoming one of these cautionary tales is to be mindful of both your purchase price, and the impact that future rate rises will make on your loan repayments. Savings Fatigue:It was a long and difficult journey to save that deposit. You might have taken on extra work, missed out on overseas travel, avoided fine dining or sacrificed your cable TV. But now is not the time to let your hair down - especially if you haven't reached your settlement date. After you hand over the deposit, you'll still need to ensure that you can cover stamp duties, conveyancing fees and moving costs. For the unlucky few, there could even be unexpected maintenance costs after you settle. (It's funny how the hot water service always seems to hang in there until the worst possible moment). So try to keep your good money habits going a bit longer.Don't blow the budget:Most of us take the time to think about how much we want to spend before we start making an offer on our next home, or gesturing wildly at an auction. But sometimes we get carried away and don't want to risk missing out on our dream home. So who really wins in this scenario? The vendor and the real estate agents of course! Not the proud new home owner, who has just committed to a purchase price and mortgage that he can't really afford.Inflexible loans:Just like electronics and furniture, when it comes to a mortgage you get what you pay for. There are some very cheap (and nasty) options available to borrowers. Some of these might seem appealing but it's important to consider the features that you need in a loan - today and a few years down the track. ... See MoreSee Less

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Sandra & Peter Erdel - Lift Lending Peakhurst

5 days ago

Sandra & Peter Erdel - Lift Lending Peakhurst
Drive away in your dream car. Contact me for a low cost carloan. ... See MoreSee Less

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Sandra & Peter Erdel - Lift Lending Peakhurst

6 days ago

Sandra & Peter Erdel - Lift Lending Peakhurst
Do you know the difference between how much you 'can' borrow, and how much you 'should' borrow? There might be a very big difference between how much a lender is willing to give you, and how much you can comfortably afford to repay.So how do you work out your real 'should' borrowing capacity? Don't you want to be sure that you can afford to make the repayments on your loan?Lenders will take into account your ability to repay the loan, based on what you earn, how many dependants you have, what your credit rating is, and your declared living expenses.However, lenders only know what you tell them, and there are a few things you need to take into account that might not be considered by a lender when deciding on your borrowing capacity:Job SecurityHow secure do you think your job is? If you've worked for the same company for several years and earn a decent wage, your lender will view this very favourably. But have you been hearing murmurs about a possible restructure? Do you work in a department that could potentially be outsourced offshore? You're in a much better position to assess your job security than a lender is, and you need to be realistic. If you commit to the maximum loan amount and then your role is made redundant, you might struggle to keep up your end of the bargain.Job SatisfactionYour excellent employment history was a definite tick for your lender, but how do you feel deep down about your job? Have you just been hanging on until you can get finance approved? If this is the case, think carefully about how much you should borrow. You might need to take a pay cut early on, if you decide to move into a different line of work.Family PlanningYou answered 'zero' when asked about your dependants, which contributed to the assessment your lender made when offering you a bumper loan. But what if you were suddenly expecting a child, or if you decide to expand your family a few years down the track?Your LifestyleYou might be able to 'afford' the repayments on a big loan, but what happens when mother's day, your brother's birthday and your car registration all come around at once and you need some extra cash? Or maybe you would like to take a holiday at some stage next year. Don't leave yourself short, or it's going to be a very long 25 to 30 years.Your other goalsWould you really love to continue your studies in a few years? Do you dream of taking off for a few months to take the kids around Australia? Don't forget about your other dreams and goals when you work out how much to borrow. You still need to have a life, and some things are more important than having a spare room for your shoe collection. ... See MoreSee Less

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Sandra & Peter Erdel - Lift Lending Peakhurst

1 week ago

Sandra & Peter Erdel - Lift Lending Peakhurst
How to avoid disappointment when downsizing:Just as many young families look to upgrade their home at some point, most of us will eventually decide that it's time to downsize. You might be getting closer to retirement age and feel like it's time to free up some cash, rather than having it all tied up in your assets. Perhaps you can't see the point in maintaining a 5 bedroom home just in case the grandchildren come to stay.Some retirees decide to downsize because they want to travel more, and a low-maintenance home is a better fit. And then unfortunately there are some people who are forced to downsize for less pleasant reasons, such as financial hardship, divorce, or the death of a spouse.Whilst downsizing might seem like the solution to all of your problems, it's not always smooth sailing. Many downsizers jump from the frying pan into the fire by making an impulse purchase without doing their research. To avoid running into trouble - make sure you consider all of these factors:Where do you really want to live?It might seem like a lovely idea to spend your retirement in a small country town, reading by the fire in your single bedroom cottage. But how far would you be from family and friends? Many downsizers move to their dream location, only to find that it's rather lonely and their children don't visit nearly as much as they thought.If you decide after a couple of years that you're not happy with your decision, it might be difficult to get back into the property market closer to home. Think carefully about where you really want to be in the long term.What amenities do you need to have nearby?You might be in fairly good health now, but it could be a great help one day to live within striking distance of a medical centre. It's also worth investigating the distance to the nearest shops, restaurants, cinemas and recreational facilities.What type of property do you prefer?Do you plan to keep any of your furniture? How do you feel about growing older in a house with a spiral staircase? It's important to think about what suits you now, and into the future when it comes to choosing a property to downsize into. If you're moving from a mansion on 20 acres, you might struggle to adjust to a single bedroom townhouse.What lifestyle are you looking for?Do you love peace and quiet? Do you want to be surrounded by other people around your age? Think carefully about what's important to you. If you love your privacy and the sounds of nature - a little unit in a bustling retirement community might not be your ideal downsizing opportunity.What are the real costs of downsizing?Although you're probably looking to free up some cash, it's important to look into the costs associated with selling your property, and buying your next property. Some retirement communities charge enormous fees, and if you choose a unit or townhouse you might be up for Owner's Corporation fees on top of your council rates. Examine the numbers to make sure you're really saving money. ... See MoreSee Less

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Credit services provided by Credit Representatives of: Mortgage Australia Group Pty Ltd, Australian Credit Licence 377294

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