Bayland Finance

09/06/2026

Getting pre-approved for a home loan is a great way to start your journey with confidence. It gives you a clear idea of your budget and helps when making offers. But it’s important to remember that pre-approvals don’t last forever.

How long does a pre-approval last?
Most pre-approvals are valid for 3–6 months. This timeframe allows you to search for the right property or vehicle, but if you don’t find one within that period, the pre-approval will expire.

What if you need more time?
If you’re still looking when your pre-approval nears expiry, you may be able to renew it. Keep in mind that lenders might reassess your financial situation, so it’s a good idea to keep things stable like avoiding new loans or large purchases.

Making the most of your pre-approval:
✔️ Start your search early to allow enough time
✔️ Keep your finances steady to avoid any impact on lending
✔️ Stay informed about your pre-approval expiry date
✔️ Check if renewal is an option if needed

A little planning can go a long way in making the process smoother.
Book a chat with the Bayland Finance team and keep your pre-approval on track: https://baylandfinance.com.au/book-appointment/?utm_campaign=meetedgar&utm_medium=social&utm_source=meetedgar.com

09/06/2026

Choosing the right fixed rate term for your first home loan affects both your repayments and your flexibility as you settle into the property market.

Fixed-rate terms typically range from one to five years:
• Shorter terms (1-2 years) suit buyers who expect their income to improve or want the flexibility to refinance sooner
• Longer terms (3-5 years) provide more repayment certainty but come with stricter limits on extra repayments and higher break costs if you exit early
• Split-rate loans let you fix part of your loan and keep the rest variable, giving you stability without losing all flexibility

When your fixed term expires, your loan reverts to the lender's standard variable rate unless you refinance or negotiate a new rate.

Call one of our team or book an appointment to talk through which fixed rate term aligns with your plans as a first home buyer: https://bit.ly/4dW9BnM

Choosing the right fixed rate term for your first home loan in Mornington depends on your financial flexibility and how long you want repayment certainty.

08/06/2026

Hi Janake, Thank you so much for leaving us a stellar review! Great to help you buy your first home - I look forward to helping you reach your full potential.

08/06/2026

Could a 5% deposit be enough to buy your first home?

A couple recently came to us hoping to purchase their first home in Victoria. They had saved a 5% deposit but weren't sure what they could borrow or whether home ownership was still some way off.

After taking the time to understand their situation, we explained their borrowing capacity, how Lenders Mortgage Insurance works, and how the Home Guarantee Scheme may help eligible buyers purchase with a smaller deposit. One applicant was an Australian permanent resident and was still eligible for the scheme.

The result was clarity, confidence, and a clear pathway towards their first home.

If you're unsure where to start, call Bayland Finance for trusted expertise and guidance: https://bit.ly/4qmMl5X

07/06/2026

Have you ever been told you can't borrow enough to buy the home you need?

Tom and Claire were ready to upsize. Their growing family needed more space, but after speaking with their bank, they were told their borrowing capacity wasn't enough to make the move.

Instead of giving up, they sought a second opinion.

After reviewing their situation, we found that other lenders assessed their income and existing commitments differently. By understanding their position and matching them with a lender whose policy better suited their circumstances, we were able to present a stronger application.

The result was approval for a larger borrowing capacity and the purchase of a home that better suited their family's needs.

Sometimes it's worth looking beyond your current bank.
Call Bayland Finance for trusted expertise and guidance: https://bit.ly/4qmMl5X.

05/06/2026

Self-employed and wondering whether a lender will accept your income?

Lenders assess your application differently from that of PAYG employees, but that doesn't mean higher rates or fewer options:

• Most lenders need two years of tax returns and assess income as an average across those years
• Some lenders add back non-cash deductions like depreciation, increasing your borrowing capacity
• Company and trust structures require additional documentation, but standard loan products remain available
• Offset accounts work particularly well for self-employed borrowers managing irregular income and business cash flow
• Pre-approval confirms your income structure has been accepted before you start looking at properties

Your business structure affects which lender will assess your income most favourably. We work with self-employed clients to match your financials with lenders who understand how sole traders, contractors, and directors actually earn.

Read our latest blog to learn more. If you'd like clarity around your options, you're welcome to book a chat with the Bayland Finance team: https://bit.ly/4e6dbe0

Self-employed borrowers in Capel Sound need to understand how lenders assess income from tax returns, business structures, and financials to secure a home loan with competitive rates.

04/06/2026

Sometimes the biggest savings in a home loan come from reviewing a loan you already have.

As property values change and equity improves, some homeowners may qualify for better pricing or more suitable loan features than they originally had access to.

A refinance isn’t about chasing headlines or switching lenders for the sake of it. It’s about understanding whether your current loan still aligns with your financial position and future plans.

That’s where good lending advice can make a real difference.

Read our latest blog for a practical look at how refinancing works and what to consider before making a move: https://bit.ly/4uOVJRJ

04/06/2026

Refinancing to change your loan term is not just about reducing monthly repayments or paying off your home sooner. It changes how much interest you pay, how much equity you build, and whether you can borrow again in the future.

• Shortening your term reduces total interest but increases monthly repayments
• Extending your term improves cashflow but adds years of interest
• Refinancing is a good time to review your rate and loan features as well
• The costs of refinancing need to be weighed against the benefits of the new term

If you'd like to learn more, visit our website to read the full blog or book a conversation with our team: https://bit.ly/43vXNTn

Refinancing to change your loan term can reduce interest or improve cashflow. Understand the trade-offs before you apply.

04/06/2026

One of the most common questions we hear is: “Can I use my super to buy property?”
The answer is yes, but the structure matters.

A Self Managed Super Fund (SMSF) can purchase residential or commercial property if the investment meets superannuation rules and is designed to support members’ retirement outcomes.

For business owners, commercial property can sometimes allow the SMSF to purchase the business premises and lease it back to the business under strict guidelines.

SMSF lending is very different from a standard home loan, which is why early planning and professional guidance are important.

A good strategy usually involves collaboration among your broker, accountant, and financial planner to ensure the structure is appropriate for your goals.

If you’d like a clearer understanding of your SMSF lending options, you’re welcome to book a conversation: https://bit.ly/4qmMl5X

02/06/2026

Many property investors assume the bank will count the full rental income when assessing borrowing capacity.

In reality, most lenders only include around 70–80% of the expected rent. This buffer allows for vacancies, maintenance, and other property costs.

That small policy detail can influence how much you’re able to borrow and how your loan should be structured.

The good news is that lender policies vary, and the right lending strategy can sometimes improve your borrowing position.

If you’re considering purchasing an investment property and would like clarity around your lending options, you’re welcome to book a conversation with a Bayland Finance mortgage broker.