Services
The Team at Your Corner Lending Solutions (YCLS) can assist with all of your enquiries relating to obtaining an appropriate Home Loan for your unique circumstances. In over 96% of cases, our clients have been able to secure a lower interest rate by using the YCLS team, compared to going directly to a bank *
The team at YCLS will be your advocate when dealing with all issues surrounding borrowing from a lender. We will ensure that we advise you at every step of the process. Most of our clients are long term customers who have engaged our services on multiple occasions.
We have catered for children and then grandchildren of existing clients. Long term relationships are paramount to our service philosophy.
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We do not charge a fee for you to utilise our service, as the lender pays our commission, for bringing good quality well documented loans to them.
Home Loans
Buying your home is possibly the biggest expense you will incur in your life. This is why you need a market leading professional to guide you through the process. We have long term relationships with all major lenders and with our expertise in banking policy, you can feel confident that we will get your loan approved.
We are currently experiencing a unique lending landscape, with lenders credit / lending policies, changing daily. Our team stays abreast of these changes with daily meetings to ensure that we can recommend our clients the most current advice. One lender may have the most appropriate product / pricing early in the week , but this could well change by the time we need to lodge your loan on your behalf.
Our policies and team members are “agile” and can respond to this ever changing lending landscape.
Best of all, we don’t charge you a fee to use our service as we are paid by the lender when your loan settles.
Investment Loans
Of all the things to consider when borrowing to invest, it is the structure that is the most important. With the wrong loan or ownership structure in place, it is possible to end up losing a lot of money by paying too much in interest and not getting all the tax deductions that may be available to you.
While interest rate and fees, are always important, YCLS prefers to operate under a consultative approach with our client’s accountant and quantity surveyors to ensure the “tax effective” is maximised in every transaction.
Refinancing Loans
The finance market has changed dramatically over recent months, let alone the past few years. Your current loan may have been the optimum solution and lowest interest rate for you when you originally set it up, however newer options have recently come on the market.
When people contact us to refinance, the number one thing on their minds is usually how to get a better interest rate and reduce their home loan repayments. They often also have other debts like car loans or credit cards and want to consolidate these to save on repayments. They may be considering buying an investment property or renovating, so wish to ensure their current home loan is optimal first
Low Document Loan
Low document loans are popular with many self-employed people who either do not have tax returns completed at the time they need finance, or their historical income does not give a true reflection of their current income.
In these circumstances, we may be able to demonstrate income by other means, such as BAS statements or Accountants certification.
This type of loan is sometimes a little more expansive than conventional loans, but the flexibility may more than offset the higher interest rate.
First Home Buyers
The YCLS team completely understands the nerves and questions that you may have as a first home buyer. We were once first home buyers ourselves.
We are very well known in the industry for taking the time to explain each step, and we can guide you through the whole finance and property purchase process.
Our team specialises in using a concept call “Family Pledge” loans, where a family member may make available a limited guarantee against their property to assist a son or daughter to purchase with requiring full deposit. This concept also avoids the costly expense of mortgage insurance.
Off the Plan Purchase
Before lending money to a developer for the construction of an apartment block (for example), the lenders normally require the developer to have sold a certain percentage of the properties to future buyers.
When you buy one of these properties, you are “buying off the plan”. Our team can step you through the “Pros and Cons” of this type of procedure. When executed correctly, good market uplift can be obtained by the borrower, but there are several pitfalls which needs to be taken into consideration.
Construction Loans
If you are planning to build or renovate a property, a construction loan enables you to pay your builder in instalments as the building progresses.
The lending institution may lend up to 100% of the building costs once they are happy with the future value of the property and your ability to service the new loan.
Pre-approvals
Obtaining finance pre-approval is the most important thing to do before you go shopping for your new property. Just like you don’t go to the supermarket without checking you have your wallet, it can be a waste of time to go looking at properties if you do not know whether or not you can get the finance.
Through past experience, we have found that vendors entertain purchases who are already “pre-approved”, over a potential purchaser who is yet to identify their borrowing capacity.
Deposit Bonds
Being able to move quickly to secure a property can save you thousands of dollars on the purchase price.
Whether you are “buying off the plan” or if you do not have 5% or 10% of the new purchase price in cash available to pay a deposit on a property, we may be able arrange a deposit bond for you.
*Based on the last 300 YCLS clients