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
www.liftlending.com.au Provides mortgage and lending product support to meet personal and investme
How to avoid disappointment when downsizing:![]()
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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. ![]()
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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.![]()
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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.![]()
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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:![]()
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Where do you really want to live?![]()
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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.![]()
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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.![]()
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What amenities do you need to have nearby?![]()
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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.![]()
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What type of property do you prefer?![]()
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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.![]()
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What lifestyle are you looking for?![]()
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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.![]()
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What are the real costs of downsizing?![]()
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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. ![]()
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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. ![]()
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Examine the numbers to make sure you're really saving money.
Face the future with greater certainty with a fixed rate home loan.![]()
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One in five Australians taking out a home loan is now opting to fix their interest rate, according to a recent AFG Mortgage Index.![]()
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Not only are fixed rates proving popular in the midst of global economic uncertainty, many borrowers are cashing in on unprecedented, increased competition around fixed rate loans. ![]()
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Traditionally, lenders have set fixed rates a smidge above the average variable rate. At the moment, however, many institutions are offering fixed rates below others' variable rates, prompting savvy borrowers to shop around.![]()
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The main benefit of a fixed rate is certainty. Regardless of shifts in the economic sands, your mortgage repayments stay the same, allowing you to budget with more confidence. If official interest rates rise, your mortgage repayments are unaffected. On the flip side, of course, if interest rates drop, you won't benefit.![]()
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With experts wavering on whether local interest rates will go up, down or nowhere over the next 12 months, now could be an opportune time to take advantage of special offers around fixed rates.![]()
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Some lenders, for example, are offering fixed rates at 0.8 per cent lower than the standard variable rate of other institutions. On a $300,000 loan, that equates to a $200 saving in interest each month.![]()
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Fixed rates are generally based on what the economy may do over the next three to four years, while variable rates are more aligned to the current cash rate, set by the Reserve Bank of Australia. At the moment, this is overlaid with the fact lenders are looking to drive movement in the market through competition. ![]()
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Although Australia's economy is deemed very stable against the backdrop of the European debt crises and slow economic recovery in the United States, home owners have been happy to sit on the sidelines to see how it all plays out before making any decisions about buying and selling. ![]()
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As a result, many financial institutions have been trying to entice us back in the game with competitive fixed rates.![]()
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As with all borrowing situations, your decisions should be based on your circumstances and financial goals. However, there are some basic pros and cons that apply to fixed rates that you should consider.![]()
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The biggest benefit of a fixed rate, is knowing exactly what your repayments will be for a set period - usually one to five years. This can be a real advantage if you are considering a career change, starting or expanding a family or have kids moving into private education, because it can ease the stress of budgeting.![]()
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On the downside, fixed rate loans tend to be more restrictive than variable ones. You usually can't make additional payments, plus lenders generally charge high break fees if you want to exit the loan during the fixed period.![]()
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If you want to tap into the benefits of both a fixed and a variable rate, consider splitting your loan so a portion of your debt is exposed to shifts in official rates - up or down - and the rest is locked into a set rate.![]()
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With official interest rates sitting at affordable levels and question marks hanging over which way they will head over the next 12 months, it's worth chatting with your local Mortgage Broker about fixed rates and what the market has to offer. It may be just the move to help you face the future with some certainty.
Is changing your job going to affect your ability to buy a new home?![]()
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Approximately half the Australian workforce is considering a job change at any one time.![]()
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Younger people are the most active in the job market with those under 30 almost twice as likely to change jobs as those aged over 40.![]()
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But did you know that lenders may not view a new job as positively as you do?![]()
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If you are thinking of buying a home or investment property, its important to get your timing right when it comes to changing your employment so it doesn't upset your plans.![]()
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But if you are considering a career change, or have recently changed jobs, by managing things properly you may not need to put your borrowing plans on hold.![]()
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To avoid problems, please check out this article - "Will the Bank be Impressed with my New Job". www.mortgageaustralia.com.au/email/files/willthebankbeimpressedwithmynewjob.pdf
Renovate or Evacuate? The pros and cons of renovating your home to sell.![]()
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So, you've decided it's time to sell your property. Perhaps your family has grown and everyone needs some space. Or maybe the kids have left the nest and you're ready for less maintenance and more travel.![]()
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You want to get the maximum price for your property with minimum fuss. But how much work should you do to prepare your home for sale?![]()
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If you like to watch a lot of DIY shows, you might have always dreamed of doing your own renovation rescue, and raking in the profits. But how much is too much to spend? Does it really mean a better selling price if you invest your life savings in a new kitchen?![]()
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Before you run down to the hardware store, let's look at the pros and cons...![]()
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Pro - Your property will appeal to people who don't want to renovate - such as families and professional couples.![]()
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Con - Your property will not appeal to buyers looking for a project of their own, and you could alienate these potential buyers.![]()
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Pro - You will add value to the property and take advantage of the profits, rather than leaving someone else to reap the rewards.![]()
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Con - The whole thing could backfire and you could spend loads on renovating without making much on the sale of the property.![]()
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Pro - Renovating could give you a competitive edge when there are similar properties for sale in the area.![]()
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Con - Buyers might not love your purple feature walls as much as you thought they would, and your taste could drive them away.![]()
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Pro - It might be just plain necessary to do some work before you can sell your property, depending on the condition.![]()
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Con - Renovating can be a real pain in the proverbial - are you ready for mess, stress and lots of aching muscles?![]()
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So how do you decide? There's no simple answer here, I'm sorry to disappoint you! If the pros and cons have your head spinning, try speaking with a few real estate agents. They should be able to give you an idea of what work should be done to achieve the price you want.
Six Steps to becoming mortgage-free - Step 5: Don't take candy from strangers.![]()
Do you ever feel like the bills just keep coming? Are you suffering from a serious case of the budget blues, and wish you could splurge on something special every now and then?![]()
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How much difference would it make if you could pay off your mortgage five or six years ahead of schedule?![]()
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Well, there are six simple steps that you can implement now, to lower the total amount and length of your home loan.![]()
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In the past weeks, we looked at Steps 1 to 4. You saw how choosing the best possible loan product could make a big difference to your back pocket. How changing the frequency of your repayments could lower your interest. Why it makes sense to pay more off your loan whenever possible, and how to make the most of handy features like offset accounts, and redraw facilities.![]()
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Now a little warning for you - if it sounds too good to be true, it probably is.![]()
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Step 5: Don't take candy from strangers.![]()
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It might seem like a wonderful offer - "Low introductory rate for the first 12 months". If you're buying your first home, you might imagine this to be a great way to ease into home ownership without being hit too hard by the loan repayments.![]()
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But just as Christmas always comes around sooner than you think - so too does the end of the honeymoon period. For many borrowers who haven't done enough homework, this anniversary can bring very bad tidings in the form of a whopping repayment increase.![]()
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What would you do if you suddenly had to come up with an extra $400 per month? 'That's not too bad' you might say. But what if this month you also received your council rates notice, car registration, power bill and water bill? You might start to notice the difference.![]()
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Before jumping head-first into an attractive introductory rate loan, make sure you take the time to compare the 'post introduction' rate with other loans on the market. What really counts at the end of the day, is how much you will pay for the other 29 years of the loan. This is where an expensive loan product could really make an impact on your ability to achieve your financial goals.![]()
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Want to learn more about becoming mortgage free? Stay tuned for Step 6: Get a better deal - refinance your loan.
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Contact
If you would like further information please use the form below
Disclosure
Credit services provided by Credit Representatives of: Mortgage Australia Group Pty Ltd, Australian Credit Licence 377294
Find Us
We are located in Sydney, servicing any clients around Australia