LendSure Finance

22/04/2025

A most recent testimonial, others can be found in Google Reviews, Thanks Wayne B, a great end result.

24/04/2024

A Mortgage Broker has available to them, many different types of lenders. As opposed to the standard big banks, out in lender land there are many lenders who are just set up to satisfy a particular need within the market, and hence are not generalists, e.g. there to capture the most common needs of the consumer.

Some lenders are just set up to work with Self Managed Super Funds (SMSF’s), some with businesses, some servicing people with credit issues, some offer the best deal for first home buyers, and the list goes on. Loan products pop-up to service new and emerging needs of the population.

AFG Thrive

One such niche loan product is called AFG Thrive. AFG Thrive is designed to support people over 50 years of age who have residential investment loans, where it is in their interest to keep these loans as Interest Only. The standard bank loan requires that after a set period, typically 5 years, they must be changed to be a Principal & Interest loan. Particularly when in retirement, this might mean that these borrowers will then not have the cash flow to pay the higher regular repayments, and be forced to sell their investment property.

Australian Finance Group (AFG) is the largest independent body that supports Mortgage Brokers within the Australian Market. This is the organization that supports LendSure Finance. This group being large enough to have their own loan products.

Other key points that relate to AFG Thrive are:
• Up to 40 Year loan term (Interest Only for the entire term)
• Maximum LVR of 65%
• Maximum Loan size of $2M
• Minimum Loan size is $100,000
• Must show that repayments can be made when in retirement and/ or have a clear exit strategy.

The present interest rate is a variable rate of 6.99% which is an excellent rate considering it is Interest Only.

As the loan is set and forget, you are not then forced to refinance further down the track.

To find out more call Wayne on 0481 268 598 or email on [email protected]

04/04/2024

Below is a copy what was recently sent out to LendSure Finance's customers regarding your borrowing capacity and how not to be a Mortgage Prisoner.

It has been too long since LendSure Finance has communicated to you. The plan is to rectify this by sending out on a regular basis, but not too frequent, finance/ loan information that is of value to you.

It is good that the talk about impending rate rises has died down, but of course this doesn’t stop the fact that we are all typically left with above 6 % variable rates. Some are still enjoying the pre-rise fantastically good, fixed rates but of course these all have an end date. A bit of a shock, the jump up, when it comes.

With steadily rising property prices and higher interest rates the main issue now is whether you can still qualify to get those loans due to now currents peoples lower borrowing capacities. As a broker, this is now the number one hurdle to helping my clients. Clients that could get $1,000,000 before the interest rate rises can only now get $600,000. A challenge when the property prices are going the other way.

How not to become a “Mortgage Prisoner”

In the last year, the finance industry has recognized that there is an end point to the rate rises and that for some clients, it is a little unfair to be still adding on the interest rates buffer of 3% to your existing loans, for when calculating your borrowing capacity. So, with this in mind, some lenders are adding on only 1% or 2 % which can dramatically improve the borrowing capacity.

When refinancing, the logic here is that:

• If you have been having no problems in paying your loan and,
• There has been very little change with respect to your financial picture (particularly within the last year) e.g. additional costs – other loans, credit cards etc.

It makes sense not to stop you from refinancing when the whole aim is for you to be paying less in loan repayments. If you cannot refinance because you don’t have a high enough borrowing capacity the industry has termed this as being a “Mortgage Prisoner”.

It is the broker’s job to research and find the various lenders which offer the above feature of having a lower interest rate buffer, with the proviso that the recommended loan has an interest rate and other features/ benefits that suits you. This is why it is handy to have over 50 different lenders to pick from, which is why people seek out help from a broker.

Interest Rate Update (Variable Loans)

Due to strong competition between the lenders, variable rates are both moving slightly up and down, around the 6 % plus mark. (Owner Occupier, Principal & Interest) type loans.

Lowest rate is Bank Australia, Premium Package Clean Energy Eco Plus, loan under 90% LVR, at 5.88%. Heritage Bank comes in at 5.99% for their above $150K, under 70% LVR product.

For Investment, Principal & Interest rates, the lowest is Beyond Bank with their Total Home Loan Package at 6.24% (Above $50K & below 60% LVR)

The above lenders/ loans are only the beginning with plenty of lenders with rates only slightly above and increasing from there.
If you would like to review your present loan or purchase a property or have contacts who are looking for help to getting a loan, please refer them to LendSure Finance. I would love to help your friends or yourself to getting those loans sorted.

Kind regards

Wayne Pethybridge

How to connect with us!
Email: [email protected]
Call/text: 0481268598

25/03/2024

A good illustration on how much borrowing capacities have decreased in only a few years. Once $1M and now approx $600K. Contact Wayne Pethybridge from LendSure Finance to find out ways on how to increase your pot of money. There are lenders who will give you a better deal, you just need someone to help you find them.

Wayne Pethybridge +61 481 268 598
[email protected]
Find us on Facebook, Instagram, LinkedIn
www.LendSureFinance.com.au

18/09/2023

Thanks you for your review!

12/09/2023

"I would like to thank Wayne for quick and professional service. I had contacted few other brokers before Wayne and the information that I had received was not complete. Wayne on the other hand checked everything thoroughly and consulted other parties to ensure that the information is reliable. We cannot thank Wayne more for his great work. I recommend him not only for his professionalism but also that he is a good and.." says Matii on Google

★★★★★ I would like to thank Wayne for quick and professional service. I had contacted few other brokers before Wayne and the information that I had received was not complete. Wayne on the other hand checked everything thoroughly and consulted other parties to ensure that the information is...

10/09/2023

"Consultation with Wayne was a succuss, we deepened our knowledge of the requirements of the loan. He was enthusiastic and helpful. It was easy to schedule a meeting and work around our free time. We are very greatful for the time spent and we will recommend Wayne as a reliable source of information." says Kami on Google

★★★★★ Consultation with Wayne was a succuss, we deepened our knowledge of the requirements of the loan. He was enthusiastic and helpful. It was easy to schedule a meeting and work around our free time. We are very greatful for the time spent and we will recommend Wayne as a reliable source...

01/09/2023

Looking to get a new car? Lendsure Finance can help!

We can help you get your new car or refinance your existing car loan, and adjust the term of the contract.

You're just one step away from getting your car loan approved!

Call Wayne Pethybridge

Visit my booking link: https://birdeye.cx/n9ie9n

31/08/2023

All you need to do is refer a single person or a couple, who are looking to get a loan to either purchase or refinance, to LendSure Finance. Once the loan has settled, we will give you a $200 restaurant voucher of your choosing, for a nice evening out.

Referrals are the life blood of any Mortgage Broking business and with LendSure Finance this is no different. The increase in interest rates has slowed down the number of loans which can get approved, making it tough going, so with your help, you can help LendSure Finance to help more people to get their loans sorted.

So, to get a WIN – WIN – WIN, between LendSure Finance, the applicant and yourself, please feel free to pass our contact details on to those who are looking for a loan.

Call Wayne Pethybridge on 0481 268 598 or email [email protected]

23/08/2023

Here is an update regarding refinancing, in today’s lending environment. If you would like further information about loans/ lending/ finance, contact Wayne Pethybridge, to be included in the list so that you can receive further information - [email protected] or call 0481 268 598

Present Lending Environment – What’s Happening

A big percentage of loan types being settled now are refinance loans. With interest rates going up and therefore loan repayments, this now takes up a much larger portion of people’s overall cost of living payments. Many have been able to trim down their spending to meet the now increased loan repayments, but any further increase in general costs and interest rates will see more and more doing it tough.

There are still many people to come off super low Fixed Interest loans, hence many are yet to feel the pain. It is unlikely that interest rates will come down soon, so many are in for a shock, when being forced to go to the prevailing variable rate. Recently Fixed rates have increased as well so it is now very unsure whether the current fixed rates will offer much relief to the inevitable repayment increases. Budgeting and saving money are the prudent things to do in this economic climate.

What’s Happened to Your Borrowing Capacity

Due to the increased interest rates and the extra 3% put on top, when carrying out servicing calculations, many people have tried to refinance but find they now cannot, with their maximum borrowing capacity being reduced, making them “Mortgage Prisoner”, with this being a new term that is used. The RBA cash rate has increased 4 % from the low so for those who only just qualified previously, are now a whole percent past the buffer rate of 3 %. Here, if their existing lender is not prepared to sharpen the pencil on the existing variable rate whether they have just come off a fixed rate or not, then today’s mortgage holders may be stuck.

Refinancing Not Impossible, Just More Challenging.

In this financial climate the broker is now being made to work harder and harder to satisfy their clients. It is our job to use every legal trick in the book to help you save money on your loan repayments. Key areas where we can help people to refinance to lower loan repayments is as follows;

• Find and use the lender who will offer the most money. Many lenders have different policies on what income they can use to go towards servicing.
• In conjunction with the first point, find the lender who will also offer a low interest rate.
• Check if any lenders who satisfy the first 2 points, provide cash backs.
• Help their clients to reduce their budgeted cost of living.
• Where possible access lenders who offer lower buffer rates e.g. to either 2 or 1% to have a direct effect on increase the borrowing capacity.

The last point being a new offer in the market but comes with several conditions which may or may not be applicable to you. Best to talk to a broker to see if you qualify.

With there being now greater challenges to getting your loan refinanced, it makes even more sense to find a broker so that you have a greater chance of success, being able to access many more lending options. Call Wayne on 0481 268 698, to have a no – obligation chat to see how we can help you.

21/08/2023

Thank you for the review!

16/08/2023

"Wayne Pethybridge from LendSure Finance really knows his stuff when it comes to being a Mortgage Broker. Having just been granted a Home Loan, Wayne from LendSure was instrumental in gaining a home loan for me and at my age, I was unsure if I would be able to gain a loan through anyone.

I encourage all home buyers that are looking for a home loan to contact Wayne as he is very good at what he does and has an ability to find the.." says Rod

★★★★★ Wayne Pethybridge from LendSure Finance really knows his stuff when it comes to being a Mortgage Broker. Having just been granted a Home Loan, Wayne from LendSure was instrumental in gaining a home loan for me and at my age, I was unsure if I would be able to gain a loan through anyo...