LMI is a one-off, upfront insurance premium that is generally payable when you borrow more than 80% of the property value. It does not protect you as a borrower. It protects the lender in the event that you default on the loan, and they have a shortfall in funds after selling the property.

A loan pre-approval is written confirmation that a lender has reviewed you and your current financial position and is prepared to lend you money up to the pre-approved loan amount.

Every lender has their own terms and conditions, and this is intended only as a general guide to understanding this topic. Contact us to discuss your individual circumstances. A construction loan operates slightly differently to a standard home loan. Construction funds from the loan are progressively drawn down at each stage of construction, as detailed […]

If you have changed your name due to marriage (or divorce), your property and loan are in your old name and you want to update your name. It’s not simple or free. There are several processes to go through, with quite a few fees and costs involved.

When buying, refinancing or selling property, the more knowledge that you have about the local property market, the better informed your buying or selling decisions will be.

DAY 1 We receive loan application and supporting documentation. DAY 2 We compile and submit your application to the lender. DAY 3 Lender performs credit reference check and other basic checks DAY 5 Conditional Approval DAY 8 Valuation is received & conditions of approval are met. DAY 10 Unconditional Approval DAY 13 The Lender or […]

You’ve found a property that ticks most of the boxes in your “what I want” list…now what else do you need to find out before taking a step towards making an offer or bidding at auction?

Thinking about a Tree-Change? Buying a home in the country has many benefits and is sometimes a dream of people wishing to escape the Rat Race. But before you fall in love with any property, make sure that you can borrow the money you need to buy it.

Click here to see some of our Panel Lenders’ most competitive fixed rate loans.

OK, we know it’s no fun, but it’s really important to determine what you are planning in the years ahead, and what home loan repayments you can afford.