At Liston Newton Advisory, we offer lending advice as a part of our holistic business and financial strategy. We have good relationships with the four major banks and an in-depth knowledge of fintech opportunities.
Our lending advisers can provide a broad variety of options so you can find the financing to reach your goals. Whether that be borrowing money to help grow your business or to buy a house, we've got a solution that will suit your circumstances.
We can also refinance loans that you already have. As the finance market is in constant change, it is important to keep re-evaluating your current loan structure, to ensure you are getting the best deal possible. By taking advantage of increased competition between lenders, we can modify existing loans to suit your finances better.
Our team can even travel to your premises to consult with you face-to-face. It's all part of our commitment to our clients.
We have worked with Liston Newton's Accountancy and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
All our lending advisers are appropriately qualified and accredited to be the best in the business.
We've got answers to suit your situation. We have great relationships with the big banks, plus many more lending options to advise you on.
Generally, most lenders require a 20 per cent deposit, while some lenders will allow you to go down to a 15 per cent deposit.
If you only wish to have a 10 per cent or 5 per cent deposit, you may need to pay Lenders Mortgage Insurance (LMI). LMI is an additional fee that is paid to a third-party insurer. Often this fee can be added to the loan.
You also need to factor in bank fees, legal fees, and stamp duty.
If you want to repay you mortgage as fast as possible, there are a number of things you can do, including:
Banks will look at a number of factors when considering any finance application, including:
Often with the help of a professional, you can negotiate your way into a loan which is appropriate for your circumstances.
Stamp duty is a type of tax that is paid when you purchase real estate in Australia. The amount of stamp duty you pay depends on the state you live in, it's generally between 5 and 5.5 per cent.
As a first home buyer you may be exempt from stamp duty or eligible for a stamp duty discount. For newly built homes and apartments, the stamp duty is often waived.
This depends on your savings. Generally, you can borrow between 80 and 95 per cent of the value of the property you are purchasing. That means you need to have the remaining amount in savings.
You will also be assessed on your ability to service the loan. Serviceability is measured on how much income you earn each year, your expenditure and also any other outstanding debts.
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