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
(opens in a new tab)www.liftlending.com.au Provides mortgage and lending product support to meet personal and investme
Do you have a big ticket item you would like to purchase but aren't sure the best way to do it?There are many different ways we can buy things - some better than others.There are also some that can end up costing you way more than you might realise.To give you a few new ideas, please have a look at my short "9 Ways to Pay for My Racehorse (or holiday, pool, car ...)" PDF article. www.mortgageaustralia.com.au/email/files/9waystopayformyracehorse.pdf
Read this before you sign on the dotted line:Have you been asked to act as guarantor for your child or another family member? Before you whip out a pen and sign the contracts, you need to hear Wendy's story.Wendy is in her mid- sixties, and lives in Perth with her son. She has a granny flat at the rear of her son's property where she stays with her two dogs, Millie and Ellie.A few years ago, Wendy was living in a three bedroom house that she originally purchased with her late husband Jo, who passed away a long time ago. She didn't have a mortgage anymore, and she was looking forward to taking it easy in her retirement.When Wendy's daughter came to visit one day, she had an important question to ask. She was looking to purchase her first home, but the bank wouldn't grant approval because she had only been in her job for a few months. Liz wanted her mum to act as guarantor on the loan to help her get across the line.Of course, Wendy wanted to help her daughter, and after she spoke to a few friends she found that it was a fairly common practice to do this favour for one's child. Without giving it too much thought, Wendy decided to sign the contracts that the mortgage broker had drawn up.On the day that Liz settled on her home, Wendy dropped around with a bottle of champagne to help her celebrate this exciting new step. There was a lot of unpacking to be done, but her daughter had never looked happier.Six months later, everything had changed. Liz was suddenly made redundant and lost her job. Her boyfriend had also ended their relationship a couple of weeks earlier, and she began to suffer from severe depression. The mortgage went unpaid for several months, and when Liz avoided contact with her lender, the house was taken by the bank and sold.In the time that all of this was happening, property values had decreased slightly in the area, and due to the need for a quick sale, the property was sold for $80k less than what Liz originally paid. After the sale was finalised, the bank was not able to recoup all of their funds, so they focussed their attention on Liz's guarantor.Wendy had been under the impression that she might have to pay some of the missed instalments on her daughter's behalf. She didn't realise that the bank could demand that she pay the difference between the sale price and the loan amount. When Wendy didn't have the $70k that the bank were asking for, they sold her house from under her.This sort of scenario is more common than you might think. Parents naturally want to help their children succeed in the world, but it's very important to understand what you're agreeing to if your child asks you to act as guarantor. If you don't understand the contracts, make sure you get a solicitor to investigate for you.Remember too - there's always another way of doing things, and sometimes a cash gift can be a better option. Or better yet, your child might need to wait until they are financially able to make the leap into home ownership.
Do you know what your credit record says about you? Have you ever actually seen it? For many borrowers, it can be quite a surprise to learn that a few blotches have appeared over the years on their credit history report. Unfortunately, many are blissfully unaware until they apply for a home loan. Once your application has been lodged, it can be tricky to challenge your credit report and prove your worth to the lenders.Don't let this happen to you. Enrol in boot-camp today and get your credit record in shape - and the good news? You won't need to squeeze into the Lycra and start counting calories.1) Review your credit recordThe first step is to get your hands on a copy of your credit history report. This can usually be done through your mortgage broker, or by directly contacting a Credit Reporting Body. There are quite a few companies who can provide your credit report to you, but the national bodies are: Veda, D&B, and Experian.2) Challenge any discrepancies or misunderstandingsIf you think that there's a discrepancy on your credit history report, you can challenge these. The first step is usually to contact the company who added the incorrect information to your report, and see if they can amend it. Failing this, you can dispute the discrepancy through a Credit Reporting Body.3) Be honestIt pays to be upfront with your lender about anything on your credit report that could impact your ability to borrow. Most lenders are fairly strict, but some will take into account your explanation credit issues, and the steps you took to resolve them.4) Cut down debt and creditBefore you apply for a loan, try to reduce the amount of credit card debt - and also available credit that you have. Some borrowers are surprised to learn that a credit card with no debt owing at all - but with a high limit, can have an impact when being assessed for a loan. Try to reduce your limits wherever possible, or if you don't really use the card then consider cancelling it.5) Know your financesCome to the first meeting with your lender or broker, prepared to explain your budget, expenses, income and your capacity to repay the loan. It's also important that you can demonstrate savings, as most lenders will require at least 5% of the purchase price in order to approve a loan. When it comes to the deposit, the more you can pay upfront, the greater your chances of being approved for a loan. If you can put down 20%, you will remove the need for Lenders Mortgage Insurance (LMI) which could represent significant savings for you.
Federal and State Governments review their incentive schemes for First Home Buyers with each annual Budget.To find out the latest benefits you are eligible for, visit www.firsthome.gov.au/.If you have any questions or would like some help in obtaining all the benefits you can, I'm here to help. www.firsthome.gov.au/
Discover the best ways to get your first home.Low interest rates, flat property prices and government grants continue to entice plenty of first-time buyers into the home market. While home is where the heart is, savvy first-time buyers are also using their heads. Here are some of the best ways to make your first move. AN APARTMENTIt's generally accepted that, on average, units achieve lower capital growth than houses over the long haul. However, that average tends to over-simplify things and ignore the many lifestyle benefits that can come with a unit in a handy location.Units generally allow first-time buyers into areas they couldn't afford if they were buying a house. The lower capital return is often a trade-off.The right unit, though, can still provide capital growth over time and a solid leg-up to something bigger or better, while owners get the benefit of convenience and low maintenance in the meantime.What to look for:- Within 15km of the CBD.- Walking distance to public transport, cafes and restaurants.- I-nternal laundry.- Lock-up garage.- A complex with a high percentage of other owner occupiers.- Affordable body corporate fees.- City views. - Built-in wardrobes and other storage.What to avoid:- Too many stairs.- Areas with a glut of new apartments for sale.- Over-capitalising on any make-over.- High body corporate fees.- Something to consider:If you decide to trade up to something bigger, you may find your unit becomes an ideal starter for an investment portfolio. THE FIXER-UPPERIf you're set on a certain area but find yourself short on the sale price, consider an older house in need of renovation. With property prices flattening, the opportunities for a quick profit with a lick-and-flick have dwindled. But for first-home owners looking to settle for five or more years, a renovator's delight could still have plenty of upside.Fixer-uppers generally appeal to buyers who plan to do most or some of the work themselves. If you're not handy or don't have time to work on the property, steer clear.A professional building inspection is a must for all properties, but the devil is always in the detail when it comes to older homes. Read the inspection report thoroughly and seek more information and repair quotes if any issues are highlighted.What to look for:- Houses that only need cosmetic work such as a new kitchen, bathroom, paint, floor coverings and landscaping.- Sound electrical and plumbing.- A high aspect (views always add value).- Signs of other renovations in the neighbourhood.- Excellent local infrastructure, such as public transport, or plans for improvements.- Good property drainage.What to avoid:- Asbestos (unless it is a bargaining chip and can be removed easily by an expert).- Structural deterioration.- Damp.- Properties prone to flood.- Something to consider:Look in post-war suburbs with ageing populations, especially if they are near other areas that have already undergone urban renewal. HOUSE AND LAND PACKAGEYour first home doesn't have to be your dream home, but a house and land package could get you close.If you are prepared to be further from the city, the house and land bundle is worth considering. You not only get all the conveniences of a new home, often built to your design, but better energy efficiency than an older home due to new regulations and improved green technology. You may also be able to take advantage of government incentives for new homes, on top of regular first-home buyer grants.The trade-off for all of this is usually distance. If you work in the city, a long commute to the office may soon take the gloss off your new home and neighbourhood. On the other hand, affordable, new developments are opening up in smaller cities, such as Brisbane and Perth, which are not as far flung as the new home and land packages in Sydney.The biggest challenge with new neighbourhoods is infrastructure, especially transport. Talk to the local council about what is planned for the area and when.What to look for:- Infrastructure to support a new suburb, including shops, public transport and schools.- A reputable builder who has built other homes in the area, not another state.- Land that will help set your home apart - a high aspect, city or bush views.- An easy-to-read contract that spells out all inclusions, progress payments, completion date, allowable delays and treatment of unforeseen conditions.- Good drainage.What to avoid:- Flood-prone land - reclaimed industrial sites and land near golf courses and parks are often on flood plains. BUDDY UPMany singles are now finding two heads and wallets are better than one when it comes to their first home. Siblings and friends are buddying up to get a better quality first home than they would solo. Finding the right partner is key, with trust and reliability critical. Contracts now accommodate tenants-in-common with equal and unequal shares in a property. As your local Mortgage Broker, I can then help you structure a loan that reflects each owner's share and repayments. Talk to your local mortgage brokerYour house hunt should start with a visit from a local Mortgage Broker. Brokers work for you, not the lender. Their aim is to find the best home loan for your situation, saving you money over the life of the loan. They can also manage the entire loan process and organise pre-approval so you can start your property search with confidence.
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Contact
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Disclosure
Credit services provided by Credit Representatives of: Mortgage Australia Group Pty Ltd, Australian Credit Licence 377294
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We are located in Sydney, servicing any clients around Australia