Alpha Lend

There are unlimited options when it comes to seeking home and personal finance. In addition to being able to go directly to a bank to seek finance, you can also use a specialist broker who is trained to ensure that you are fully aware of the type of loans best suited to your needs and will also help present your application in the best way possible to the lender to get APPROVED.

Why use a broker? 

1. We work for you (not the bank!)

Determining your needs and borrowing capacity 

As brokers, we work on your behalf and in your interest to determine what you can afford to borrow, understand every aspect of your financial commitments and goals and use our expert product and market knowledge to negotiate with lenders and get you the best loan arrangement and products.

We aren't tied to any particular lenders or products. We provide you with a variety of choices and work with multiple lenders to ensure that your loan is competitive and meets your long term goals. We not only analyse the best interest rates, but also make sure that your loan features work for you. For example, flexibility with repayments, loan terms, re-draw facilities and access to equity. 

Presenting your application 
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It is important to understand that when securing finance you only need to submit the necessary information to satisfy lending criteria. Presenting your application in the right way is a vital element to obtaining approval. Our qualified brokers are trained to present your loan in the strongest way possible and may help negotiate a better outcome. 

2. We simplify the application process 

We also save you time by making the banks' tedious application processes convenient and streamline with our innovative electronic paperwork collection, handling liaison with the lenders and supporting you right through to settlement. We can use our relationships with lenders to secure finance for you as quickly as possible. 

3. The Alpha Lend difference 

At Alpha Lend, our qualified brokers have intimate knowledge of property and asset purchase processes. Benefit from our combined years of experience and expert knowledge. We will guide you through each stage of purchase, empowering you to make educated decisions for your finances. 

It is that special time of year again. A time for cheer (lavish food, travel, gifts – among our favourites) and sometimes, a time of financial pressure or change. Why not make it extra memorable by spending this Christmas stress-free?

Whether you:

• need a Christmas personal loan to help spread the cost;
• are refinancing to have some extra money to enjoy a stress-free festive season;
• keep dreaming of a new kitchen to cook that traditional Christmas dinner in;
• want to relocate interstate to be with family;

Alpha Lend has the knowledge, experience, and relationships with Australia’s top lenders and smaller players to get you the finance you need by Christmas or the New Year.

Personal loan v credit card?

Spreading the cost of Christmas is an easy way to relieve some of the financial pressure surrounding this season. Loading a credit card up at Christmas time can be an easy way to overspend (with only your credit-limit to set the ceiling of your purchases, and minimum monthly repayments that can mean your debt is ongoing for long periods). 

Instead, by getting a personal loan you can be sure that you are committing to an amount and period of instalments that you can comfortably afford and pay off in a timely manner.

Whether your personal loan is to cover more minor costs like the Christmas period gifts and expenses or for something more major like relocation or renovations, we have a personal loan to suit you.

Lightning-fast Application Process

Applying for a personal loan this Christmas is fast and convenient. With our online-based application process. To make turnaround times extra fast, be prepared with the following things for your broker to submit your application:

• Proof of ID – such as a driver’s licence or passport and a Medicare card
• 90 days of bank statements
• 2 most recent payslips and your PAYG summary (or ATO Income Statement)
• Centrelink Income Statement – if part of your income comes from benefits
• Proof of rent (i.e. a rental tenancy agreement)
• Proof of home-owner expenses (i.e. a mortgage statement and rates).

 
As brokers, we work on your behalf and in your interest to determine what you can afford to borrow, understand every aspect of your financial commitments and goals and use our expert product and market knowledge to negotiate with lenders and get you the best personal loan arrangement and products.

To start your personal loan application today, contact us here. 

Fantastic news for all current and future owner-occupiers … on the 29 November 2020, the Australian Government announced an extension to the Home Builder program until 31 March 2021.

What is the Home Builder Grant?

The Home Builder Grant is a program introduced by the Australian government to assist in the support of the residential construction and employment sector. According to the Australian Treasury:

“HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant to build a new home or substantially renovate an existing home.”

Who is eligible for the Home Builder Grant?

There is a common misconception that the Home Builder Grant is only eligible to first home buyers. Whilst there are several grants available for applicants purchasing their first property, the Home Builder Grant is available to all eligible persons who:  

• Are 18 years of age.
• Australian citizens.
• With an annual gross (taxable) income below $125,000 individual or a combined $200,000 for couples.

There are also certain requirements in regard to the property, for example:

• The home must be your principal place of residence after completion or settlement (not valid for investment properties).
• For contracts signed between 4 June 2020 and 31 December 2020:
  • off-the plan or new homes must be valued at $750,000 or less (including GST);
  • the build amount and the value of the land on a new build (including any existing structures) must be $750,000 or less (including GST);
  • substantial renovations on an existing home must cost between $150,000 and $750,000 (including GST); and the home must be valued at less than $1.5 million before renovation.
• For contracts signed in the extension period, from 1 January 2021 to 31 March 2021, the above criteria applies, with some additional changes to property price caps, building licensing requirements and the total grant value.  

What if I live in NSW or Victoria? Property can be more expensive here.

The Australian government have acknowledged that the $750,000 property price cap for building in some states is unrealistic. Therefore, for new building contracts signed between 1 January 2021 and 31 March 2021, property price caps are also being increased to account for the difference in State markets. For example, in New South Wales the cost of the land and build after completion will be increased to $950,000 and in Victoria to $850,000.

How can the grant help me secure a home loan? Can I use it to assist with my deposit?

Many prospective home buyers and builders have been left confused by how the Home Builder Grant can assist them in securing the finance needed to get into their own home because the grant is paid directly into your nominated bank account, only when there is evidence that the building foundations have been laid and first progress payment has been made. This has meant that many lenders have remained reluctant to consider the impending payment of the grant as part of borrower’s proof of funds to complete the sale.

What about those who need the grant to secure finance? Luckily, Alpha Lend has exclusive access to lenders who are willing to recognise the grant as part of your deposit.

This does not change how the grant is paid, only how the lender assesses the application for finance. 

To find out more about the key eligibility criteria, requirements to use the grant as part of your deposit or to discuss applying for a home loan today, contact your specialist brokers at Alpha Lend.
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For more information: Keep reading at the Australian Treasury website here.