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
How to buy with a friend - without killing the friendship or your credit rating Have you ever heard the expression, 'no friends in business'? It's an oldie but a goodie. This is the attitude you should bring when considering buying property with a friend. Many good friendships have gone under the bus, and lots of people have taken a bullet to their credit rating by not giving this decision adequate thought.So what are the risks involved with co-ownership, especially when you purchase with a friend?What if one owner wants to sell?One of the biggest problems with co-ownership is when one owner decides they want to sell the property, but the other owners don't agree. This often ends up in court, and the process can be costly and upsetting for everyone. And needless to say - the friendship probably won't survive.Buying could be harder in the future.It might seem like the dream scenario to invest now with your best friend. But if you decide in a few years to purchase a home to live in, the lender will assess your financial commitments based on the whole loan for the first property, not just the portion that you agreed to cover. This could make it very difficult for you to get another loan.You could be left holding the baby.If something happens and your friend is unable to make their repayments, you could be left in the difficult situation of repaying the entire loan by yourself. Coupled with your other living expenses, you might not be in a position to cover the whole amount yourself.But there are some ways that you can reduce the risk, if you are keen to purchase property with a friend:1) Put a legal will in place. It's important to make arrangements for what will happen to your assets if you pass away or become incapacitated.2) Draw up a co-ownership agreement. If you can think about any issues that might possibly come up in the future, and have an agreement in place to solve them, you're less likely to wind up in court trying to work things out.3) Choose the right structure - tenants in common, or joint tenants. Tenants in common can own a different portion of the property, and they need to specify in their will who will inherit their portion if they die. Joint tenants jointly and equally own the property, and if one person dies, their share automatically goes to the other(s) regardless of the instructions in their will.4) Choose the right person. It's important to discuss your financial goals and values before you enter into this sort of arrangement. You need to feel comfortable knowing that your friend will be financially secure enough to keep up their end of the bargain - otherwise you might be left trying to cover the repayments alone.It's important to think about your own relationships as well, if your partner is keen for you to buy a house together next year, you might want to think about how this first investment might impact your borrowing power.
How many ways can you buy a swimming pool?Question: How many ways can you buy a swimming pool?Answer: At least 8 different ways that I can think of.And not all of those ways may be suitable for everyone - here is my list.Not everyone wants a swimming pool either. But perhaps a new car, maybe a boat, a motorbike or a decent holiday? A caravan or a new garage? An aeroplane even?Doesn't really matter what it is, but if you need to spend a serious amount of money, it may be worth looking at some of the things you can do with your home loan to facilitate your new purchase. You see, 6 of those 8 different ways I mentioned actually involve your home loan, so it's probably worth a look first, just to make sure.That's where I can help. It doesn't cost anything to check out what would work for you, and then you can actually make an informed choice.The least I can do is point you in the right direction and the privacy act ensures our conversation is entirely confidential.What do you think?Contact me and we'll see where you stand. www.mortgageaustralia.com.au/email/files/8waystobuythatpool.pdf
Renovate or Evacuate? The pros and cons of renovating your home to sell.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.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?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?Before you run down to the hardware store, let's look at the pros and cons... Pro - Your property will appeal to people who don't want to renovate - such as families and professional couples.Con - Your property will not appeal to buyers looking for a project of their own, and you could alienate these potential buyers. Pro - You will add value to the property and take advantage of the profits, rather than leaving someone else to reap the rewards.Con - The whole thing could backfire and you could spend loads on renovating without making much on the sale of the property. Pro - Renovating could give you a competitive edge when there are similar properties for sale in the area.Con - Buyers might not love your purple feature walls as much as you thought they would, and your taste could drive them away. Pro - It might be just plain necessary to do some work before you can sell your property, depending on the condition.Con - Renovating can be a real pain in the proverbial - are you ready for mess, stress and lots of aching muscles? 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.
So, you're thinking about upgrading your home. Maybe your kids are getting older now and it's time to find a place with a big backyard. Most new home owners will make the decision to upgrade before long - but for many young families, a lack of planning can spell disaster when upsizing the family home. Before you start shopping around for a real estate agent, take a few minutes to ask yourself a few simple questions. Why do you want to move?Be clear about your reasons for upgrading. Buying an enormous home won't necessarily mean greater capital growth in the future. Sometimes the greatest growth is in the lower end of the market. If you want to upgrade simply to grow your property portfolio, consider purchasing an investment property instead. Where do you want to be?If you're upgrading to give everyone some space, consider the area that you want to live in. You might be able to afford a much bigger home by moving an extra 15 minutes from the city. It all depends what sort of lifestyle you want to maintain. What are the real costs?Investigate all of the costs associated with upsizing your home. That means, not just the additional mortgage payments, but increased utility bills, perhaps a longer commute to work, more furniture to fill the additional space etc. It's important to know exactly how much the move will cost you - not just the initial purchase. What about interest rates?Could you afford to borrow an extra $150,000 if the interest rates were 2% higher? Make sure you take into account some interest rate rises when you work out what you can afford to borrow. Although a lender might offer you the funds, that doesn't mean that they know everything about your lifestyle and budget. Will I change my lender?You might take the opportunity to shop around for a better deal on a loan before you purchase your new property. It's important to keep in mind though, there could be charges associated with paying out your current mortgage, and there will probably be some establishment fees involved in taking out a new loan. These fees should be part of your decision-making process.It's also important to ask your mortgage broker about Lenders Mortgage Insurance. LMI is generally payable when you borrow more than 80% of the purchase price. Depending on your purchase amount, LMI could add up to several thousand.Did you answer all of the above questions, and still want to upgrade your home? Great! There's nothing wrong with wanting to move on to greener pastures. But to avoid putting yourself under financial strain, it's always important to do your homework.
Switching home loans could help pay down your mortgage sooner, providing you are refinancing for the right reasons and understand what�s involved. Here�s our guide to refinancing to help you make the right move when the time comes.Know the costs:Paying 0.5 per cent less per annum on a $250,000 principal-and-interest mortgage could save you around $23,000 over the life of a 25-year loan. That�s a sizeable chunk of change back in your pocket over the long term, but there are usually up-front costs associated with switching loans, especially if moving to a new lender.Know the costs of exiting your current mortgage loan before switching. Depending on the type of variable rate loan you have, the lender may apply fees if you choose to bow out. If you are on a fixed rate loan, a cost will usually apply when paid ahead of the agreed timeframe.You should also factor in any set-up costs for your new loan, which can be several hundred dollars, and any ongoing account fees.Only once you have factored in all of the associated costs will you be able to assess whether you gain financially by refinancing, and that�s where we can help you make the right decision.Compare products and service:A lower interest rate is a great reason to switch but it shouldn�t be the only deciding factor. Make sure the new loan is flexible enough to meet your needs and help you get ahead as quickly as possible. Some benefits to consider:Can you make fortnightly repayments? You could pay off your loan quicker making payments every two weeks instead of monthly.Can you make lump sum payments? Any extra repayments above and beyond your regular schedule will shave dollars and time off your loan.Does the new loan offer a redraw facility? It�s great to stash extra cash in your mortgage to pay it down quicker but if you think you may need it back at some point, make sure your new loan lets you access those excess funds.To fix or not to fix? We�re still enjoying low interest rates on the back of the historic lows the Reserve Bank of Australia cash rate is at, but make sure with any change you consider you have some wriggle room for if rates do rise. Make sure you�re future�proofing at every turn.What features are important to you and think about the ones you could do without. Why pay for the bells and whistles attached to a loan if you don�t use them? Different features when it comes to technology, service and availability rank differently for everyone, so figure out what�s important to you and we�ll help you match it with the right product and the right lender.Working with us to sharpen the pencil. Just one of the benefits of having us on side when it comes to your finance is our ability to work with the right lenders on the right price when it comes to things like your rate and your ongoing fees.Switch to save:Many borrowers refinance to consolidate debts, bundling credit card balances, personal loans or car payments into their mortgage, which usually carries a much lower interest rate. The benefit is lower minimum payments on your debts overall, which can be a benefit for cash flow. But that doesn�t mean you are saving on your home loan. Try to make the most of the lower rate to knock down the total debt quicker so you are not simply adding to the duration of your mortgage. And make sure you cancel any credit cards once you have transferred the balances into your mortgage so you are not tempted to rack up more debt.Direct your debits:If you switch to a new loan, make sure you also switch any direct payments and debits. It�s easy to lose track of what�s being paid, and how and when. Run through the most recent three months of statements for your original loan to identify any direct payments, and notify the biller as soon as possible so you don�t jeopardise your credit rating. You should also give your employer your new account details if your wages are paid directly into your mortgage.Check your borrowing power:One of the biggest oversights borrowers can make when shopping for the right home loan deal is their current financial situation. Has it changed since you took out your original loan? If the answer is yes, and it�s not for the better, you may find your borrowing power has shrunk, which could limit your refinancing options.You may have: started a family and no longer have two full-time incomes; switched careers and now earn less; started your own business, creating a less regular income stream; accumulated other debt, such as credit cards or car finance; or eroded your credit rating through late payments. Any of these factors can impact your borrowing credentials, and may give you fewer bargaining chips than when you took out your original loan.Do a thorough assessment of your total income, expenses, outstanding debts and credit rating so you understand your true financial position before shopping around.Talk to your broker:Take the time and stress out of shopping for a new loan by letting us as your mortgage broker handle it for you. We have access to multiple lenders with multiple products, allowing us to cast a wider net than you probably can on your own to find a home loan deal that suits your needs and circumstances. Brokers can also often gain access to lenders who are happy to take on self-employed borrowers, or those who don�t advertise heavily to consumers, but still offer competitive home loans. The benefits of having us onside are numerous; and the reason that now more than 52 per cent of Australian borrowers use a mortgage broker to arrange their finance.
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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