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
By world standards, Australia is a wealthy nation. We have a strong economy with high employment and a far rosier outlook than most developed countries. And yet almost half (47 per cent) of us are anxious about our finances, according to research by the Boston Consulting Group.Finance guru Paul Clitheroe reckons most Australians want to improve their financial situation but don't know where to start. Financial literacy is not about getting rich. It's about understanding and putting into action the basics of budgeting, saving, investing and protecting our assets."Understanding money helps individuals and families manage financial stress, work towards meeting their goals and assists in securing their financial well-being " Clitheroe says.We have put together our top tips to help get you started:1. Stick to a budgetMost people don't stick to a budget because they don't have one. Having a budget not only helps you spend within your means and save, it can ease personal and relationship stress.Make sure you are realistic and thorough when working out your budget. Include all of your expenses - coffees, lunches, hair salon visits, entertainment, cosmetics and clothes - plus the obvious weekly and monthly necessities, such as your mortgage or rent, groceries and petrol.It's also a good idea to budget for a whole year so you don't miss large, irregular expenses, such as council rates, car registration, Christmas gifts and holidays. Break these expenses down around your pay cycle so you get a true picture of what you need to spend from each pay and what you have left at your disposal.2. Break down big billsThe big bills mentioned above can be real budget busters. Some of us are disciplined enough to leave money in our account for a rainy day while some need to set funds aside so we are not tempted to spend.If you are more of a spender than a saver, set up a separate account for quarterly and annual bills and contribute to it regularly based on your budget breakdown. For example, if you know you have to pay around $400 in council rates each quarter and you get paid fortnightly, set aside $60-$70 from each pay in a separate account.Apply the same concept to Christmas expenses to ease the squeeze on your credit card and enjoy a debt-free start to the following year!3. Drive down debtMost of us have debt. The secret is knowing the difference between good debt and bad. Having a home loan, for example, is healthier than carrying a hefty, high-interest credit card bill. Property is an asset, which has the potential to increase in value over time. Credit cards, on the other hand, are used to pay for depreciating assets, holidays and entertainment. Often the debt you owe far outweighs the value of the original purchase.Take a pulse check on your debt by looking at how much you owe, what you are paying in interest and how long it will take to pay off. Make a plan to pay down the loans with the highest interest first, even it means cutting back your personal spending for a period.4. Protect your assetsWe work hard to establish our assets, but we don't always make sure they are fully protected if the worst happens. Insurance Council of Australia figures suggest some 70 per cent of homes in Australia are under-insured. Owning a home and not having adequate insurance is a gamble.Apart from many of us living in areas prone to natural disasters, we all face the risk of house fire.Make sure your sum insured reflects how much it will cost to rebuild your entire home and replace all of your contents. Some insurers now offer complete replacement policies for the home building where the premium automatically reflects any increases in the building costs.You should also have some income protection in case you are unable to work. Check the disability cover in your superannuation and consider getting extra income protection to cover any gaps.5. Money Health CheckTo find out how your finances are fairing, take a Money Health Check at www.moneysmart.gov.au/. There are tools to help individuals and households budget, set savings goals and calculate their net worth.I am always here to check the health of your home loan to make sure it suits your circumstances and is helping you reach your financial goals and if you haven't done this in a while, do get in touch.
Some tips to help you buy your next car for less.Enjoy that new car smell longer.There is something special about buying a brand new vehicle - the smell... the pristine paint... the purring of a well timed and perfectly balanced motor.... So how do you ensure that feeling is not soured as you drive out of the car dealership?Car dealerships can be a very high pressured sales environment. The salesperson has a number of techniques they will utilise to ensure their bottom line is better than yours. The most important factor to ensure you obtain a 'good deal' is to do your research before you start negotiating.When buying a new vehicle, generally a number of individual transactions take place:1. purchasing your new vehicle,2. selling your old vehicle, and3. organising finance.When negotiating, you should strive to win on each of these transactions.Before entering negotiations with the salesperson it is recommended you complete the following steps, which are outlined here in my latest factsheet: "Enjoy that new car smell longer!" www.mortgageaustralia.com.au/email/files/enjoythatnewcarsmelllonger.pdf
If you are planning to start a family - these financial tips will help.Are you managing a mortgage and starting a family?Many a new parent has been caught out realising our once organised calm life is a thing of the past when we bring our bundle of joy home. It's amazing how tiny babies can turn our household upside down.We quickly learn that we need to be more flexible about when we eat, sleep, go to the shops and even have a shower.It helps to be flexible in your financial life too when the impact of a reduced household income and the expense of a new addition to the family start to become apparent.A little forward planning now can make it easier to focus on what's important later - your family.Here is a guide with some ideas on how you can relieve the financial pressure of starting, or increasing, your family - Can you manage a Mortgage and a Baby? www.mortgageaustralia.com.au/email/files/amortgageandababy.pdf
Will a new vehicle jump-start your earnings?It�s always important to take stock and consider whether the purchase of new assets or equipment will benefit your business. Asset finance is often the answer. Financing new equipment, instead of purchasing it outright, can be a good way to preserve cash flow and working capital while adding an asset that can begin to generate immediate income. And, of course, there may be potential tax advantages that could also come your way.
Australia has once again become a nation of savers. No longer is debt de rigeur. In this post-GFC era we prefer to play it safe with lower levels of debt and are looking for ways to be debt-free faster.Savvy savers are making the most of low interest rates and their savings by maximising offset accounts. An offset account is essentially a savings account that is linked to a loan account. Instead of earning interest on your savings deposit, the funds are used to offset the loan account.Your loan repayment remains the same, but more of it is used to pay off the principal, reducing the life of your loan and slashing the amount of interest paid. How offset accounts workLenders generally offer two types of offset accounts: full offset or partial offset.A full offset account offers you the same interest rate on your savings as what is charged on your home loan. For example, if you have a $100,000 home loan with interest charged at 6%, plus $10,000 in an offset account earning 6%, the lender will offset your loan balance with your offset account balance and only calculate interest on $90,000.A partial offset account only offers you a standard savings rate, which is lower than the interest charged on your home loan, so one does not completely offset the other. Using the same example as above, a partial offset account might charge the same 6% on the loan but only offer 4% on the savings. Instead of one lot of interest completely offsetting the other, you would pay a reduced interest rate of 2% (the difference between 6% and 4%) on $10,000 of your loan.Many borrowers opt for a 100% offset account to take full advantage of this feature, but speak to your broker for more information about this type of account. BenefitsAn offset account still allows you to make extra payments on the loan. However, instead of paying more into your actual mortgage, you maintain as high a balance as possible in your savings. This reduces the interest and life span on your loan but gives you all the access and flexibility of a regular savings account, should you need it.Some lenders even allow you to set up an offset account with a fixed rate loan, giving you certainty around your payments plus the opportunity to get ahead of the debt.There is also the added benefit of a tax incentive. Because the interest is essentially not earned, you don't have to include it in your taxable income. Still in the nestThe key to maximising an offset account is to maintain as high a savings balance as possible. The first step to flesh out your finances is to have your salary paid directly into your savings account. Then it's a matter of keeping your money in the savings account for as long as possible.One of the most effective tools is a credit card with a generous interest-free period. Look for a lender offering 55 days interest free. While it may seem strange to use credit to save, putting as many costs as possible on a card with a long interest-free period can be an effective loan buster.The interest-free period allows you to squirrel away as much of your pay, and any other earnings, for as long as possible to maximise your interest earnings. You just need to make sure you pay off your credit card debt in full before the interest-free period runs out. What you should considerAn offset account can be a very effective strategy to stay one step ahead of your home loan, providing your spending does not outstrip your savings and you leave your funds to grow over time.You also need savings to start an offset account. The whole concept fails if you don't have any savings to leverage in the first instance. You then need to ensure you can maintain surplus cashflow, especially if taking advantage of a credit card with an extended interest-free period. If that's the case, you will need to be disciplined with expenses, payments and timing. If tempted to put too much on the plastic, the credit card tactic may become a debt trap.Similarly, if you don't want to be tempted to overspend, you may be better off injecting any spare funds straight into your loan repayments instead of turning to an offset account.Look for an offset account that still gives you the standard benefits of a regular savings account: ATM, EFTPOS and telephone and internet banking. Although the aim is to maximise your savings, you still want to be able to access and use your funds as you would with any regular savings account.Lenders also often charge a higher home loan rate for an offset account. Ask your broker to help you shop around for the most competitive option to suit your circumstances.If you are still paying off your home or an investment property, but also managing to sock away some savings, an offset account could help you be debt-free faster. Talk to your broker about your circumstances to find out which options may work best for you.
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Contact
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Disclosure
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