Homepage - LIFT LENDING

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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

Sandra & Peter Erdel - Lift Lending Peakhurst

2 days ago

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?How much difference would it make if you could pay off your mortgage five or six years ahead of schedule?Well, there are six simple steps that you can implement now, to lower the total amount and length of your home loan.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.Now a little warning for you - if it sounds too good to be true, it probably is.Step 5: Don't take candy from strangers.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.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.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.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.Want to learn more about becoming mortgage free? Stay tuned for Step 6: Get a better deal - refinance your loan. ... See MoreSee Less

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Sandra & Peter Erdel - Lift Lending Peakhurst

2 days ago

Six Steps to becoming mortgage-free - Step 6: Is the grass greener on the other side?Do you ever wonder if the grass really is greener on the other side? The question today is: are you getting the best deal on your mortgage?How would you like to make a few small changes that could lead you on the path to becoming mortgage-free and financially fabulous?Well, there are six simple steps that you can implement today, that will help you knock over that home loan in record time.In the past weeks, we learned 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, how to make the most of handy features like offset accounts, and redraw facilities, and why refusing lollies from strangers is always a good idea.Step 6: Refinance for a better dealThe fierce and ongoing competition between lenders in the home loan market can sometimes play out like a scene from Gladiator. But the clear victor emerging from this never-ending battle is you - if you keep your finger on the pulse.Now more than ever, it's vital that you keep assessing your financial needs and look out for opportunities to get a better deal on your loan. Even though you compared your options and secured the best deal a few years ago, that doesn't mean that your current interest rate is the best, or even close.By refinancing with another lender you could reduce your costs, and save time. Many borrowers who refinance are able to save as much as 1% off their interest rate, which could mean paying that loan off several years earlier than planned.If you haven't reviewed your options for a while, it pays to speak with your mortgage broker and find out if the grass really could be greener on the other side. It could make all the difference if you want to pay your loan off sooner, and keep more money in your pocket in the process. ... See MoreSee Less

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Sandra & Peter Erdel - Lift Lending Peakhurst

3 days ago

Looking to get away but need some extra funding? Whether it's a destination wedding, a trip with the family or a last-minute getaway, our team can help arrange a low rate personal loan to finance your next holiday. Our partners offer a fast, simple process and access to funds typically within 48 hours. Don�t delay, get in touch today! ... See MoreSee Less

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Sandra & Peter Erdel - Lift Lending Peakhurst

4 days ago

Why not consider a whole new range of tenants for your investment property?Pets have been long maligned by landlords for their potential to make a mess and cause damage. But with pet ownership in Australia ranking the highest in the world, property investors who turn their backs on our furry friends could be missing out on tenants and dollars.Before they dismiss dogs and cats, landlords should consider that 60 per cent of Australians have pets and one third of households rent. Saying "no" to Fido and his feline foes means narrowing the rental funnel. At a time when national vacancy rates are climbing, this could be a costly choice.Many landlords are now welcoming pets and reaping rewards. Here are some tips to help you embrace a pro-pet policy.Pets don't rent - their owners do.Opening the door to pets immediately makes your property more attractive to a wider range of tenants. The key is to consider whether the pets, particularly dogs, are well managed and trained. This can be hard to assess, unless you happen to know your renters, so a little extra leg work is required.Arrange to meet the applicant with their pet so you can see the animal for yourself and how it behaves. Reference checks are also crucial and, if you are especially diligent, a chat with the applicant's previous neighbours should give you extra insight into their pet management. Some renters are even developing resumes for their pets, with photos, references and medical history.Keep in mind that while you are not allowed to discriminate against rental applicants on the basis of race, gender, marital status etc, applicants cannot claim discrimination if you reject a particular pet.Higher yields, longer staysSo prevalent are anti-pet policies that a researcher at the University of Western Sydney is now investigating the social impacts of these restrictions on renters and the broader community.Because it can be so hard for tenants with pets to get a paw in the door, they are often prepared to pay a premium to secure a property. While this does not mean charging more because someone rocks up with a pet, it gives landlords the opportunity to pitch their properties to pet owners and structure their rents accordingly.For the same reason, pet-lovers are also likely to stay longer, which means lower turn-over and lower rental costs for landlords. Although data is scant, one 2003 survey in the United States showed renters with pets stayed an average of 46 months, compared to just 18 months for those without.Have a pet agreementMake sure your rental agreement includes a pet policy that stipulates the pet owner is responsible for:Any property damage caused by the pet (inside and out).Injuries caused to the pet on the property.The pet's behaviour (including barking).Regularly cleaning up after the pet.Strata permissionIf you own a strata property, such as an apartment, you will also probably have to convince the body corporate to permit pets. If you are on the body corporate you may have more sway in arguing your case. Some body corporates are loosening up, realising many buyers often have pets. Once owner-occupiers pave the way, it's easier for renters with pets to get the nod. ... See MoreSee Less

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Sandra & Peter Erdel - Lift Lending Peakhurst

5 days ago

Discover the pros and cons of each type of home loan:There are literally hundreds of home loans available, with new products emerging all the time.A professional Mortgage Broker can recommend a loan for your particular needs, help you to complete the paperwork, professionally package it with your supporting documents and submit it to your chosen lender.If you want to do some homework first, pop your details into the clever loan option tool or work out monthly or fortnightly repayments with the calculators on our website.When you're ready, get in touch with me to discuss the next steps. Here's a snapshot of the main types of home loans and some of their pros and cons.A) VariableStandard variable loans are the most popular home loan in Australia. Interest rates go up or down over the life off the loan depending on the official rate set by the Reserve Bank of Australia and funding costs. Your regular repayments pay off both the interest and some of the principal.You can also choose a basic variable loan, which offers a discounted interest rate but has fewer loan features, such as a redraw facility and repayment flexibility.Pros- If interest rates fall, the size of your minimum repayments will too.- Standard variable loans allow you to make extra repayments. Even small extra payments can cut the length and cost of your mortgage.- Basic variable loans often don't come with a redraw facility, removing the temptation to spend money you've already paid off your loan.Cons- If interest rates rise, the size of your repayments will too.- Increased loan repayments due to rate rises could impact your household budget, so make sure you take potential interest rate hikes into account when working out how much money to borrow.- You need to be disciplined around the redraw facility on a standard variable loan. If you dip into it too often, it will take much longer and cost more to pay off your loan.- If you have a basic variable loan, you won't be able to pay it off quicker or get access to money you have already repaid if you ever need it.B) FixedThe interest rate is fixed for a certain period, usually the first one to five years of the loan. This means your regular repayments stay the same regardless of changes in interest rates. At the end of the fixed period you can decide whether to fix the rate again, at whatever rate lenders are offering, or move to a variable loan.Pros- Your regular repayments are unaffected by increases in interest rates.- You can manage your household budget better during the fixed period, knowing exactly how much is needed to repay your home loan.Cons- If interest rates go down, you don't benefit from the decrease. Your regular repayments stay the same.- You can end up paying more than someone with a variable loan if rates remain higher under your agreed fixed rate for a prolonged period.- There is very limited opportunity for additional repayments during the fixed rate period.- You may be penalised financially if you exit the loan before the end of the fixed rate period.C) Split rate loansYour loan amount is split, so one part is variable, and the other is fixed. You decide on the proportion of variable and fixed. You enjoy some of the flexibility of a variable loan along with the certainty of a fixed rate loan.Pros- Your regular repayments will vary less when interest rates change, making it easier to budget.- If interest rates fall, your regular repayments on the variable portion will too.- You can repay the variable part of the loan quicker if you wish.Cons- If interest rates rise, your regular repayments on the variable portion will too.- Only limited additional repayments of the fixed rate portion are allowed.- You will be penalised financially if you exit the fixed portion of the loan early.D) Interest onlyYou repay only the interest on the amount borrowed usually for the first one to five years of the loan, although some lenders offer longer terms. Because you're not also paying off the principal, your monthly repayments are lower. At the end of the interest-only period, you begin to pay off both interest and principal. These loans are especially popular with investors who plan to pay off the principal when the property is sold, having achieved capital growth.Pros- Lower regular repayments during the interest only period.- If it is not a fixed rate loan, you have the flexibility to pay off, and often redraw, the principal at your convenience.Cons- At the end of the interest only period you have the same level of debt as when you started.- If you're not able to extend your interest-only period, you could face the possibility of increased repayments.- You could face a sudden increase in regular repayments at the end of the interest-only period.E) Line of CreditYou can pay into and withdraw from your home loan every month, so long as you keep up the regular required repayments. Many people choose to have their salary paid into their line of credit account. This type of loan is good for people who want to maximise their income to pay off their mortgage quickly and/or who want maximum flexibility in their access to funds.Pros- You can use your income to help reduce interest charges and pay off your mortgage quicker.- Provides great flexibility for you to access available funds.- You can consolidate spending and debt management in a single account.Cons- Without proper monitoring and discipline, you won't pay off the principal and will continue to carry or increase your level of debt.- Line of credit loans usually carry slightly higher interest rates.F) Introductory/HoneymoonOriginally designed for first-home buyers, but now available more widely, introductory loans offer a discounted interest rate for the first six to 12 months, before the rate reverts to the usual variable interest rate.Pros- Lower regular repayments for an initial 'honeymoon' period.Cons- Loans may have restrictions, such as no redraw facilities, for the entire length of the loan.- You may be locked into a period of higher interest rates at the expiry of the honeymoon periodG) Low docPopular with self-employed people, these loans require less documentation or proof of income than most, but often carry higher interest rates or require a larger deposit because of the perceived higher lender risk. In most cases you will be financially better off getting together full documentation for another type of loan. But if this isn't possible, a low doc loan may be a good option to secure the funds you need.Pros- Lower requirement for evidence of income.- May overlook non-existent or poor credit rating.Cons- You will probably pay higher interest than with other home loan types, or may need a larger deposit, or both. ... 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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We are located in Sydney, servicing any clients around Australia

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Sandra: 0417 425 233

Peter: 0419 297 034

LIFT LENDING – MORTGAGE BROKERS

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Sandra & Peter Erdel - Lift Lending Peakhurst

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