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
Your Perfect Match - How to find a loan that keeps you warm at night.![]()
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Do you find that you're usually attracted to the same type of person? We all have a mental image of our perfect mate - some people are even lucky enough to wake up next to that person each day.![]()
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Just as the dating market can be tricky to navigate, it's easy to miss the signs and find yourself attracted to the wrong home loan.![]()
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To help you find a loan that loves you unconditionally, here is a quick run-down of the different types available.![]()
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Basic Loan![]()
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The basic home loan usually doesn't have a lot of fees. What you see is what you get. Usually you get a low interest rate, but you don't get much else. If you want some features, and flexibility this might not be the match made in heaven.![]()
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Introductory Rate loan![]()
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Otherwise known as a 'Honeymoon loan' this one is a bit like some new relationships. You get a really good deal at the beginning, and everyone is happy. After a year or two the honeymoon is over, and you find out what the loan will really cost you.![]()
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A good option if you want to keep your repayments down in the beginning - but make sure you investigate the interest rate that you will be charged after the introductory period.![]()
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Standard Variable rate loan![]()
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For those who want to be able to pick and choose their features, the standard variable rate loan could be your perfect mate. You generally get a low interest rate, but the flexibility to select some options that suit your needs.![]()
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Low-doc Loan![]()
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A low-doc loan is a good alternative for Self-Employed borrowers who are often unlucky in love when it comes to finding their ideal mortgage.![]()
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Low-doc loans allow you to use different methods of proving your income. The rules are usually a little less restrictive - but you will pay a much higher rate.![]()
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On top of this - most lenders require self-employed borrowers to contribute a 20% deposit, and cover all upfront costs such as Stamp Duty and Lenders Mortgage Insurance (LMI). This is a good option for people who don't have any other options.![]()
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100% home loan![]()
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Also known as a 'No-deposit' loan, this one allows you to borrow 100% of the purchase price. Don't be fooled though - this is not a free ride.![]()
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Most lender still require you to save a 3% deposit to cover the LMI, and you'll also need to make sure that you have enough left over to cover stamp duty, moving costs and conveyancing - and any other associated costs.![]()
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Sometimes these loans are available, sometimes they are not, it depends on the current lending environment - but it never hurts to ask.
What you need to know about the most important part of your home loan:![]()
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Are you an expert on all lending related topics? That's okay - most people aren't. If you're still trying to understand the truth about interest rates, you're not alone. Here are a few answers to the questions you were too embarrassed to ask.![]()
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How are interest rates determined?![]()
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The Reserve Bank of Australia (RBA) sets the official interest rate or 'cash rate' which takes into account a whole list of factors about how the economy is performing at that point in time. ![]()
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The RBA meets once a month to review the inflation rate, unemployment figures, CPI, PPI and retail sales, and from that information they decide whether to increase, decrease or leave on hold the official cash rate.![]()
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The cash rate is the interest rate that the banks and lenders will pay to the reserve bank. If this increases, your lender will usually pass the cost onto you - the borrower. If the cash rate decreases - the reserve bank intends that the savings should also be passed on by your lender - but this isn't always the case.![]()
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By moving the interest rates up and down, the RBA tries to keep the Australian economy in check, by either slowing things down to keep the cost of living under control, or speeding up spending to help boost growth in certain areas.![]()
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What are the different types of interest rates?![]()
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The two main types of interest rates are Variable and Fixed.![]()
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Variable rates are usually a bit lower, and you pay the best going rate at the time. If the cash rate increases, your lender will increase your variable interest rate. But if the cash rate decreases, your repayments will usually go down.![]()
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Fixed interest rates are locked in for a period of time -usually just a couple of years - so that you know exactly how much you will need to budget for. This can be helpful for borrowers on a strict budget who can't afford a lot of interest rate rises in the short term. However you will usually pay a higher interest rate overall if you choose this option.![]()
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Which interest rate is best for me?![]()
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The decision of whether to choose a variable or fixed interest rate should be made after carefully considering your own personal needs and commitments. ![]()
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A mortgage broker should be able to help you weigh up the pros and cons to work out the best option.
Use the cold to get it sold!![]()
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With many property buyers in hibernation over winter, if you are thinking of selling, the cold weather is your sign that it is a great time to spruce up your property, ready for the spring selling season.![]()
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Here are my top tips to prepare:![]()
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Make an entrance: First impressions count, so take stock of your front entrance. If your front door is looking tired, replace, repaint or restain it. Similarly, your driveway should be clean and free of cracks. Old concrete driveways can be revived with a resurface and a respray in a new colour or a stencilled pattern.![]()
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Make sure your letterbox fits with your home exterior and makes the right statement, either built into a fence or standing on its own.![]()
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Get into the garden: Time well spent in the garden over winter will pay off in spades come spring. Take advantage of the cooler weather to clear debris, weeds and overgrown trees and shrubs. It's also the perfect time to completely overhaul garden beds with new soil and mulch. Draw a rough plan and clip pictures from magazines to create a clear picture of your garden. Take your plan to your local nursery and get expert advice on which plants should go where and how many you actually need. Just make sure the end result is easy to maintain for maximum appeal.![]()
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Consider some colour for a warm welcome. The colour yellow has been proven to help sell, so plant or pot marigolds along a walkway or near your front door.![]()
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Leave fertilising your lawn until late winter so it's in tip-top condition when your house hits the market in spring.![]()
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Clear out clutter: Make your rooms look larger by putting less in them. Consider replacing multiple pieces of small furniture with one large statement piece. You could also try re-arranging your furniture differently to create the illusion of space.![]()
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Brighten your outlook: Clean all your windows inside and out. You will be surprised how much fresher your house looks with sparkling, spotless windows. Make sure you take down and hose all the fly screens while you're at it!![]()
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Deck the deck: Consider adding a deck to create outdoor entertainment space and value. If you already have one, winter is the perfect time to re-oil the surface and railings and replace any worn outdoor furniture.![]()
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Spotless surfaces: Wash walls, ceilings, light fittings and ceiling fans to rid them of dust and grime.![]()
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Lighten up: Twilight photo shoots and evening open houses are hot selling tools, especially when the weather warms and the days grow longer. Take time over winter to install outdoor lighting that spotlights your front garden and entrance and any outdoor entertaining areas, including the pool.![]()
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Detach: It may sound like a strange selling strategy, but consider de-personalising your home. While you still want potential buyers to feel "at home" when they inspect, they don't necessarily want to see all your family photos on the sideboard and children's artwork on the fridge. Apart from uncluttering your surfaces and creating clean lines, packing up the family portraits allows buyers to envision their family living there, not yours.![]()
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It's also an opportunity to step back and genuinely appraise your decor and colour scheme. Is your home styled for broad appeal or just for people who share your penchant for peach?![]()
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If you find it hard to be impartial, one hour and a couple of hundred dollars spent with a design or colour consultant may be a wise spend. A good consultant will know what trends have market appeal and can share some clever tips on quick fixes and colour schemes. How much of the advice you take is up to you, and you usually have the option to just pay for the consultant's time and DIY the restyle.![]()
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Get energy efficient: With electricity costs on the rise, buyers are on the hunt for energy-efficient homes. Switch to energy-saving light globes and consider a solar-boosted hot water system. While you may not be living there long enough to fully benefit from the savings, buyers are likely to be enticed by the promise of smaller electricity bills.![]()
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Freshen up the kitchen and bathroom: You don't need to completely overhaul tired kitchens and bathrooms for a fresh look. If your fixed appliances - oven, cooktop, rangehood and dishwasher - are older than 10 years, considering upgrading to new ones. Shop around for a package deal on reputable brands.![]()
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Add some shine to the bathroom with new basin taps and create a sense of space with a large frameless mirror above the vanity. Upgrade your shower fitting if needed, especially if it has poor pressure. Plenty of buyers will test the shower head during an inspection.
The secret way to save a Deposit - without sacrificing your lifestyle.![]()
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One of the biggest challenges for many first home buyers is finding a way to save enough for a deposit. ![]()
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For those of us who couldn't wait to leave home and find some freedom - moving back in with parents is not always an appealing option. And if you're still in your twenties you might not feel ready to sacrifice your social life, and commit to a few years of watching movies on the couch.![]()
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Well, it might surprise you to learn that there's a secret way to save that deposit, live comfortably and still enjoy the odd dinner at a restaurant. ![]()
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It doesn't involve moonlighting, or donating your organs on the black market. And it might even allow you to travel a bit, or enjoy a little luxury while you watch your bank balance grow.![]()
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So what's this big secret?![]()
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Well, let me ask you a question first. How much do you spend per year on your living expenses right now? Not food, but costs associated with renting your place of residence. The figure should include rent, utilities, internet connection and any maintenance that you're responsible to pay for.![]()
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For most couples, this figure would easily add up to about $25,000 per year.![]()
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How quickly could you save a deposit if you didn't have to pay anything towards your household expenses? Pretty fast - I would imagine. That's the benefit of house-sitting.![]()
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Offering your services as a house-sitter allows you to live comfortably while saving money at the same time. Let's face it - if you're looking for a house-sitter, chances are that your house is pretty nice to start with.![]()
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You don't need to charge a fee for this service, because you're saving tens of thousands just by living in someone's home and not paying rent and household bills.![]()
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You could experience different areas before you commit to buy in a particular suburb or town. This could give you an excellent opportunity to really research your purchase before you jump in head-first with a 30 year mortgage.![]()
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Depending on your work situation, you might even be able to do some travelling, and see a bit of the world while you continue to save.![]()
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If you're interested in doing some house-sitting while you save your deposit, there are a couple of websites that you can browse for opportunities:![]()
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www.mindahome.com.au![]()
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www.aussiehousesitters.com.au![]()
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www.houseminders.com.au![]()
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This concept isn't for everyone, and it might not suit those who already have a lot of nice furniture. But if you don't mind moving around a bit, and perhaps walking a dog or feeding a cat - this could be a great opportunity to save your deposit in no time at all.
The Australian finance market is complex and constantly changing. The clear dominance of the 'Big 4' banks has contributed to a perception that all lenders are the same, but in fact consumers are spoilt for choice.![]()
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There are around 55 banks in Australia, over 100 building societies, mortgage managers and credit unions, plus numerous other non bank lenders.![]()
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When looking for your next home, widen your search and you might find some great lenders out there.![]()
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For more details, check out my "Beyond the Big 4" fact sheet. www.mortgageaustralia.com.au/email/files/beyondthebig4.pdf
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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