Your Local Mortgage Broker Sandringham

We simplify a crowded market. Instead of you researching dozens of lenders, we compare loans from more than 60 of them and narrow the field to the options that suit your income, assets and plans. Sandringham buyers often have particular needs, such as financing an apartment, restructuring an existing loan or bridging between properties, and lender policies on these vary widely. We explain the choices, prepare the application, follow up with the lender and keep you informed through every step to settlement.

When buying a house in Sandringham, 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.

Sandringham combines direct beach access, a historic shopping area around Melrose Street and the terminus of the Sandringham line, with trains to the city taking about 27 minutes. Sandringham Beach, the yacht club and the coastal trail are major drawcards. The 2021 Census recorded 71.9% of homes as owner-occupied, pointing to a stable community. With 26.8% of dwellings being apartments, there is also choice for investors and smaller households. We can help you work out what is affordable.

Yes. Most lenders finance apartments, but some apply extra criteria. These may include minimum internal floor areas, limits on how much of a single building they will lend against and higher deposit requirements for high-density or very small units. A well-located apartment in a smaller boutique block may be assessed differently from one in a large complex. Because apartments made up 26.8% of Sandringham dwellings in the 2021 Census, we regularly check these policies for clients and steer you towards lenders comfortable with the property.

Age alone does not rule you out, but lenders must be satisfied that you can repay the loan without hardship. If the loan term extends past your expected retirement, many lenders will ask for an exit strategy, such as selling another property, using superannuation or making a lump-sum repayment. A smaller loan relative to the property value can help. Given Sandringham's median age of 47 in the 2021 Census, this is a question we hear often, and we can identify lenders with suitable policies.

Not at all. We can do everything by phone, video call or at our St Kilda office, and most documents can be signed and submitted electronically. Once you have chosen a loan, we lodge the application and handle questions from the lender on your behalf. That saves you time and gives you access to lenders that do not have a physical presence in the area. If you prefer a face-to-face meeting, we are happy to arrange one at a time that works for you.