Your Local Mortgage Broker Malvern

Our job is to find and secure a loan that suits you, so you do not have to research dozens of lenders yourself. We review your finances, talk through the Malvern property you are targeting and compare home loans from our panel of 60+ lenders. Malvern has a large share of separate houses, and lenders differ in how much they will lend against a particular home and what they need from you. We prepare the paperwork, lodge the application and manage everything through to settlement, then check in over time to make sure your loan still suits you.

When buying a house in Malvern, budget beyond the deposit for stamp duty, which depends on the price and whether any first home buyer exemption or concession applies, along with conveyancing or legal fees. A building and pest inspection is worth the cost on established houses, and council rates and water charges are adjusted at settlement. Lenders may also charge application or valuation fees, and lenders mortgage insurance usually applies if you borrow more than 80% of the value without a guarantor or government scheme. If you plan to renovate or rebuild later, we factor that into the loan structure from the start. We map out all of these costs before you make an offer.

Malvern combines established housing, good transport and a choice of schools. It is about 8 km from the CBD, with Malvern station on the Frankston, Pakenham and Cranbourne lines and trams along Glenferrie Road, Wattletree Road and High Street. Glenferrie Road and Malvern Central cover everyday shopping, while Central Park and Malvern Gardens provide green space. The 2021 Census showed 70.2% of homes were owned outright or with a mortgage. As with any purchase, look closely at the individual home and seek independent advice before you commit.

Older homes can be beautiful, but they need extra checks. Organise a thorough building and pest inspection, as issues such as rising damp, roof condition, old wiring and stumps can be costly. Ask the City of Stonnington whether a heritage overlay applies to the property and what changes are allowed before planning any works. Lenders base their decision on the valuation, so a property needing major repairs may be valued below the price you pay. If you plan to renovate, we can look at loans that fund works after purchase.

It can be possible, but it depends on the property and the planning controls that apply. A site may carry a heritage or other overlay that restricts demolition, so start by checking with council or a town planner. If a rebuild is allowed, a construction loan is usually used, with funds released in stages as the builder completes each part of the job. Lenders will want a fixed price building contract, plans and permits. You may also need somewhere to live during the build, so we factor rent or bridging costs into your budget.

Not at all. EverLend arranges your loan directly with the lender, so there is no need to book a branch appointment in Malvern or anywhere else. Most documents are uploaded online and loan contracts can usually be signed electronically. We are based in St Kilda and are happy to meet there, or to work with you by phone and video if that fits better around work and school runs. Because we compare loans from more than 60 lenders, you also see more choice than you would by walking into one bank.