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Check out some of the most commonly asked questions that I get - and their answers.

Here are my top most frequently asked questions.


Q: My lender requires me to insure my building - what figure shall insure for?

A: Yes, a lender can require any structure built on your block of land to be insured against loss. The insurance will ensure that a similar structure can be rebuilt should a catastrophic event occur. Strata titled properties have their insurance provided in their strata levies - you can contact your strata manager for a copy of this. Otherwise you will need to insure for either full replacement cost as determined by the lender's valuer or an amount that you are comfortable with. If you need help with calculating a replacement amount try this great calculator.


Q: I only have 5% saved, how do I pay the 10% upon contract exchange?

A: The best way is to negotiate a 5% exchange deposit. If that proves to not be possible you can purchase a deposit bond which will act instead of the 10% cash. Our process for obtaining a bond is very simple and you can read more about deposit bonds here.


Q: How much can I borrow?

 A: It sounds like an easy question to answer, right? In reality it depends on a great many variables ; Income (obviously!) and how much you have saved are the two key headline numbers. However, there are many other factors that may limit or cap how much you can borrow, such as the type of property you are looking at (studio apartments have limitations, for example) or the postcode that you are considering buying into (some lenders limit loan sizes in certain areas).

The best answer is to book an appointment and allow us to get all the information that we need to give you the very best advice on not only “how much can I borrow” but also “how to best to structure a loan” for maximum benefit to you.


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Servicing the Inner West suburbs of: Annandale, Drummoyne, Forest Lodge, Glebe, Balmain, Balmain East, Rozelle, Leichhardt, Lilyfield, Birchgrove, and Summer Hill.

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