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
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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
Discover how to turn your home equity into a better retirement for you.If you have equity stored away in your home, now could be the perfect time to tap into it for an investment property.Equity is simply the difference between the value of your home and what you owe on it. If you have a property valued at $500,000 and owe $200,000 on it, you have $300,000 equity available.There are a few reasons why the time is ripe for home owners to scout out an investment property.Firstly, property prices have flattened across most of Australia in the wake of global uncertainty. However, key indicators in the US now point to a recovery there, which our market is likely to follow, especially given our strong economy. So, not only is now a buyer's market but there's a good chance of capital gains in the first few years of ownership.Secondly, interest rates are low. After the recent drop in official rates, there is strong speculation they won't dip further in the short term.Thirdly, we still have a housing shortage here in Australia, which continues to drive low rental vacancy rates. That means good properties rent easily.So, where to begin?Start with a visit to your local Mortgage Broker to get a rough idea of what you can borrow. Your broker can estimate your equity, talk through the types of loans available and give you a rough idea of repayments. Then you will know what you can afford before you start looking at properties.You can also do some rough sums beforehand with some of the calculators on our website.A broker can find the right loan for your circumstances and shop around for the best deal. One of the most popular products among property investors is a line of credit. It acts like a big overdraft at a home loan rate, giving you instant access - as a rule - to up to 80% of the equity in your home. Interest is only paid on the funds you use. It's a very elastic, convenient product. But one word of caution: you need to be disciplined with your cash flow. Easy access to equity can be a temptation for many borrowers to spend up big on depreciating assets that offer no investment value and only add to your overall debt.Capital gains or rental return?You should decide whether you want strong rental returns or decent capital growth over the next several years on your investment. If you are in a high tax bracket and looking to create a tax advantage through an investment loss, you will be looking for capital gain.First-time investors looking to establish a portfolio of properties should also be aiming for capital growth over the next five or so years, as this will establish equity for the next property purchase. However, some investors are not in a hurry for capital growth and prefer their property to be cash positive or neutral from the get go. If that's the case, consider a property in one of the areas with a long-term future in resources, where rents reflect a shortage of housing. Just keep in mind that although the resources sector has a strong future, based on global demand, your investment is entirely dependent on the continued success of one industry.Right now, the bottom line is that there's potential for both decent capital gains and rental returns for property investors who chose the right property in the right location.Find the right propertyThe first rule is to invest in property with your head and not your heart. Remember, you are not buying a home or apartment to live in yourself.Savvy investors look for properties:- Close to public transport and other amenities, such as shops or schools, especially in-demand public schools that only accept students in their local catchment.- That are low maintenance and well maintained.- In areas with good potential for capital gains.- In areas with low rental vacancy rates.Another tip for first-time investors is to stick to familiar turf. It could be near where you live now, where you grew up or previously lived, where you have friends or family or near where you work. Not only are you more likely to feel comfortable investing in a familiar area but you can keep an eye on local trends and the property itself.You should also find out whether any major infrastructure projects are slated for your target area. New roads, public transport and major developments, such as hospitals, can add significant value to rental properties. Visit www.infrastructureaustralia.gov.au for links to the major planning departments in each state.Managing your investment - and your tenantsLike all investments, rental properties need to be managed. You can be landlord and property manager in one, or pay a professional property manager. If you are busy or live some distance from the property, your money will be well spent on a reputable, reliable manager.For a small monthly fee (generally 6 to 9% of rent), a good manager will vet prospective tenants, ensure the property is looked after, make sure rent is paid on time, arrange repairs and maintenance and recommend appropriate rent increases. Ask for referrals from other investors and look for an agent who specialises in property management, rather than sales, so you know your rental will not be second fiddle to other activities. You should agree on what your property manager can authorise automatically when it comes to repairs.It's also important you keep tabs on the local property market to track the equity you build over time, which not only adds to your wealth but could be used towards your next investment property.
If you are planning to buy a new home, possibly selling your current one at the same time, this is the best order to organise things.1) Get a Free Property Valuation from us.You will get a written notice from a professional valuation firm.If you are selling this can come in very handy during negotiations with buyers. It will also guide you in setting a price with the real estate agent who is selling your home (or if you plan to sell it yourself).If you plan to keep your current home and rent it out you will now know its rental value and how much equity you have.Tip: For a quick assessment, a useful tool is to do a �Sold� search on RealEstate.com.au and look at the real price that similar homes around you recently sold for - www.realestate.com.au/sold2) Get your next home loan pre-approved.A pre-approval lasts for 3 months and doesn�t cost you anything or obligate you to that lender. In most cases you can extend that 3 months by later providing updated income evidence.Being pre-approved puts you in the strongest possible buying position. A seller is more likely to accept a lower offer if it comes from a buyer who has their finance ready to go.Also, it ensures you don�t encounter any unexpected problems or delays that could put your new home in jeopardy.Finally it means you can take some time to get the best deal you can, rather than being rushed to meet a �subject to finance� deadline.Personally, even as a Mortgage Broker myself with a good understanding of my borrowing potential, I always get pre-approved as soon as I plan to start house hunting.Tip: To give yourself the best chance of a great home loan, use this checklist: �20 Questions to Ask Your Mortgage Broker�.brokerchecklistarrowIf you plan to sell your home it�s now just a case of waiting for the right offer. Or if you are going to keep it, you are ready to make an offer on the next one.Any questions, just let me know, that's what I'm here for. www.mortgageaustralia.com.au/freeresources.pdf
If you really want to save money - it might be time to refinance.Should you refinance?"My lender is charging me a higher home loan rate than I see advertised elsewhere. Can I change lenders?"This is exactly the reason why most people change lenders. There may be a penalty clause in your current home loan, meaning you may need to pay a discharge fee, but it could still be in your financial interests to change. When shopping around it is always important to look for the comparison rate of a product. A comparison rate is essentially the true rate, taking into account the fees and charges you will pay on the loan. So even though you see a lower rate it doesn't mean the repayments are less."I have just come off a 'honeymoon' interest rate to a much higher rate. Can I move lenders or am I locked into my mortgage?"You can walk away from most mortgages, although penalty fees sometimes apply to fixed rate loans."If I move my mortgage to a new lender, is there anything stopping that lender from increasing their rates in a few months time?"It depends what kind of product you have. If you're concerned about rising rates, perhaps you should consider a fixed rate home loan, where repayments are fixed for a period from 1 to 5 years."Why do some lenders charge more than others for lending the same amount of money?"Banks and other lenders pay different amounts for the money they on-lend to you, they have different overhead structures and different profit expectations. All these factors affect how much they charge to lend people money."What documentation do I need to refinance?"The last 3 - 6 months of mortgage statements is sufficient to begin this process. I can advise on other documentation.
Do you feel a bit ill when you open the letterbox and see your credit card statement? It's happened to most of us at some point - a few untimely expenses pop up, and suddenly that credit card has a life of its own.The good news? There is hope. You can get control of your credit card debt today with a few simple steps. Stop the bleedingIt might sound obvious, but the first step to cutting down your credit card debt is to stop growing it. If you have any direct debits connected to the card, make other arrangements for these to come out of a bank account. Then, use whatever means necessary to destroy the card so that you can stop accruing debt. Pay more than the bare minimumIf you only pay the minimum amount each month, you'll see many birthdays waiting for your credit card debt to decrease. In most cases, you will only be paying the interest on the debt without reducing what you owe. It's time to sit down and make a budget, and look for ways to pay as much as possible off your credit card each month. Work out your prioritiesIf you have debts on more than one credit card, your instinct might be to pay the largest amount off as a priority. Alternatively, try focussing on the card with the highest interest rate. It's also worth knocking over your smaller cards first (and then cancelling them) so that you can concentrate on one monthly repayment. Try a balance transferMany lenders offer great introductory rates on new credit cards. Some even offer rates of 0% for the first 6 or 12 months. This presents a great opportunity to work on getting your balance down, without being charged interest. Beware though - it's important to investigate what your interest rate will be after the introductory period. It's also vital that you do pay as much as possible off the balance. If you don't reduce your debt, and if the standard interest rate is higher than what you had before - you will only do further damage. Save for a rainy dayMany of us get into trouble with credit cards because we don't have adequate savings when something unexpected comes up. While you work hard at reducing that credit card debt, try to put a little bit in savings each month and build up a buffer. That way if you suddenly need a new set of tyres or a hot water service, you won't undo all of your good work by whacking it on the credit card. Put your hand upIf you can't seem to get control of your finances and you feel like the situation is getting worse every day, it might be time to ask for some help. There are experienced financial counsellors and legal representatives who can help you to make a plan and get back on top of things again.
How to avoid getting stuck in the borrower's 'land of confusion':Comparing the true cost of a loan can be a lot more complicated than it seems.Comparison Rates are one way of comparing loans, but it doesn't always provide a complete picture of the total cost of the loan.Make a mistake and you could pay thousands more in interest than you should.To avoid this, have a look at this short guide - "Land of Confusion". www.mortgageaustralia.com.au/email/files/landofconfusion.pdf
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Contact
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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