Mortgage Broker in Nedlands, Perth

Nedlands buyers usually carry strong incomes, often paid as PAYG from the hospital, the university, or specialist medical practices. That income profile pre-qualifies for the four major banks and Macquarie at sharp pricing, which keeps competition tight. Where it gets interesting is the property mix. Riverside character homes north of Stirling Highway often have non-standard valuations because of view premium, unusual block shapes, and heritage overlays. The lender that gives you the highest borrowing capacity may not be the lender that values the property closest to your contract price.

We see this mismatch on roughly one in four Nedlands applications. The fix is running the valuation up front, before you commit to a single lender. We hold an upfront valuation panel for character homes here so the contract price and the bank’s number line up before signing.

No. Almost no one does. The lender pays the broker a commission at settlement, around 0.65% upfront plus a small ongoing trail. You are not invoiced. The Best Interests Duty under the National Credit Act requires us to recommend the loan that is in your interest, not the loan that pays us most. Most loans we write for Nedlands buyers pay us less than the bank would pay itself for selling the same product.