Mortgage Broker in Perth, WA 6000
At Luxe Finance Group, we're expert Mortgage Brokers in Perth helping clients get into their property sooner with a range of loan options
Rated 5 from 58 Reviews
At Luxe Finance Group, we're expert Mortgage Brokers in Perth helping clients get into their property sooner with a range of loan options
Rated 5 from 58 Reviews
Luxe Finance is your dedicated Finance & Mortgage Broker in Perth, WA 6000. We help you navigate the property market by providing access loan options from banks and lenders across Australia through our streamlined application process. As an experienced Mortgage Broker in Perth, we guide you step by step, ensuring your loan application reflects your unique financial situation and borrowing capacity.
Our team at Luxe Finance assists you in getting pre-approved for your home purchase or investment loan. The pre-approval process involves reviewing factors such as your credit history, bank statements, and loan to value ratio (LVR). Once pre-approved, you can act promptly when the perfect opportunity arises. As your trusted Perth Mortgage Broker, we aim to increase your confidence in making informed decisions when applying for a loan.
When buying a home, it is important to understand associated fees such as stamp duty and, if applicable, lenders mortgage insurance (LMI). We help you understand these costs so you can plan accordingly. Additionally, if your loan amount requires it, we take the time to explain how LMI factors into your overall loan package. As an experienced Mortgage Broker in Perth, Luxe Finance is here to help you maintain clarity throughout the process.
One of the key decisions is choosing between a fixed interest rate loan and a variable interest rate option. A fixed interest rate loan offers predictable repayments, which aids in monthly budgeting. Conversely, variable loan rates might offer interest rate discounts when market conditions are favourable. We work with you to calculate loan repayments so that you fully understand how each option could affect your monthly outgoings. As your reliable Perth Mortgage Broker, we discuss both fixed and variable options in detail to match your goals.
Our application process is designed to be both supportive and efficient. We guide you in organising your bank statements and necessary documentation, taking care of every detail from addressing your credit history concerns to ensuring your borrowing capacity is accurately represented. Our objective is to present a robust Loan application that gives you the best chance at securing a competitive loan interest rate. Trusting Luxe Finance as your Mortgage Broker in Perth means you receive expert assistance every step of the way.
In addition to traditional home loans, Luxe Finance is well-equipped to assist you with investment loans. Understanding the local property market is key, and our current insights help you make informed decisions. We also advise on the potential of an offset account, which may reduce the interest calculated on your home loan by lowering the balance. We continuously update you as trends evolve in the local property market, ensuring you stay ahead.
At Luxe Finance, we take pride in our commitment to clarity and practical advice. Whether you are exploring loan interest rate options, comparing fixed and variable loan rates, or discussing the impact of your credit history, we are here to assist. If you are wondering how to navigate the application process with ease, consider reaching out to us, the trusted Perth Mortgage Broker, for comprehensive guidance.
Take the first step toward achieving your property goals by contacting Luxe Finance today. Our friendly team is available to discuss your financial needs, help with bank statement preparation, and guide you through the application process to secure access loan options from banks and lenders across Australia. Let Luxe Finance be your partner as you move confidently into buying a home or investing in property in Perth, WA 6000.
This comprehensive guide is designed to help residents of Perth and neighbouring communities understand the wide range of home loan products available to them. We have broken down the key loan types so that homebuyers, whether they're purchasing their first property or are experienced in property investment, can make informed decisions aligned with their financial needs and lifestyle. By providing clear details under each heading, our aim is to demystify the home loan landscape and offer valuable insights into each option.
Designed for those planning to buy a primary home in Perth, Owner Occupied Home Loans offer attractive terms and competitive interest rates. Lenders often consider these loans to be less risky compared to those for investment properties, which can result in more appealing deals for borrowers. With an owner occupied loan, you not only gain the pride of homeownership but also have the opportunity to build equity over time. This option is particularly suitable for individuals focused on long-term financial planning and the stability of owning a home in a vibrant city like Perth.
Interest Only Loans allow borrowers to pay solely the interest for a specified period, typically ranging from five to ten years. During this phase, the principal balance remains unchanged, resulting in lower monthly repayments and enhanced financial flexibility. This type of loan can be attractive if you foresee an increase in your income or plan to allocate funds to other investments during the interest only period. It is important to note that when this period concludes, repayments will increase significantly as you start repaying both the principal and interest over the remaining term of the loan.
Principal & Interest Home Loans are structured so that each repayment contributes towards both the interest and a portion of the principal. Over the life of the loan, this gradual reduction in the loan balance creates a clear pathway to eventual full repayment. For many homeowners, this method offers predictability in managing household budgets while steadily building equity in their property. This approach can be particularly useful for those with a long-term financial strategy, ensuring that your outstanding debt diminishes over time and opens opportunities for future borrowing or investment.
Variable Rate Loans offer flexibility because their interest rates can change in response to fluctuations in the central bank’s official cash rate or market conditions. In times of economic stability, you might benefit from lower interest rates and reduced repayments. However, it is important to be prepared for periods when increased rates lead to higher monthly obligations. Borrowers with a steady income and the ability to manage occasional adjustments may find variable rate loans a practical choice.
Fixed Rate Loans provide the certainty of locking in an interest rate for a set period – typically one to five years – ensuring that your repayment amount remains constant regardless of market changes. This consistency is particularly appealing if you value budgetary stability and predictability in your financial planning. However, it is essential to consider that if market rates decline during your fixed term, you will not be able to take advantage of those lower rates. Weighing the security of fixed repayments against the flexibility of other loan types is an important part of the decision-making process.
Bridging Loans serve as a short-term financial solution for those looking to purchase a new property before the sale of their existing home is finalised. These loans help address the liquidity gap that can occur during a transition between properties. Typically provided on an interest only basis, bridging loans may come with higher interest rates and additional fees due to the increased risk of handling two properties simultaneously. This option is especially useful for borrowers who are confident that the sale of their current property in Perth will occur promptly, enabling a smooth transition into a new home.
In summary, understanding the different types of home loans is essential for making choices that match your financial goals and lifestyle needs in Perth. Whether you prefer the consistency of fixed repayments or the potential savings offered by variable rates, proper planning and a clear grasp of your options will support you on your property journey. If you have any questions or require further guidance on selecting the right home loan for your new property in Perth, feel free to contact our expert team, who are ready to support you every step of the way.
1. Booking Your Strategy Session
Your loan journey begins with a scheduled appointment—either in person at our West Perth office, via video, or over the phone. During this stage, we confirm your goals and timelines, whether you're purchasing, refinancing, or investing, and outline what to expect in the process ahead. You’ll receive a welcome email containing a digital fact find and a tailored document checklist. To ensure an efficient consultation, we ask that you prepare supporting documents including identification, proof of income, and details of any liabilities.
Outcome: Create a relationship with a professional that sits on your side of every transaction.
2. Financial Review & Strategy Consultation
Before the consultation, we undertake a preliminary review of your financial position, including income, assets, liabilities, credit history, and your ongoing expenses. This allows us to tailor the discussion and present relevant options from the outset. In your consultation, we explore your financial and lifestyle goals, property strategy, and any applicable structures such as trusts or companies. We also assess your eligibility for relevant government incentives like the First Home Guarantee or stamp duty concessions. Based on your banking conduct and preferences, we assess your borrowing capacity across our panel of lenders and outline strategic loan structuring options that suit your objectives.
Outcome: A clear understanding of your financial position and an aligned loan strategy with relevant lenders shortlisted.
3. Lender Policy Analysis & Pricing Strategy
With your financial position and goals clarified, we conduct a targeted analysis of lending policies, ensuring shortlisted options align with your needs. We assess more than just interest rates—we consider policy fit, speed of assessment, and the lender's risk appetite. We also explore your eligibility for government schemes, request discretionary pricing where applicable, and assess structural elements such as fixed vs variable rates or offset accounts. This stage ensures we present a tailored shortlist of lending options with clearly outlined pros and cons.
Outcome: Transparent shortlist of suitable and competitive options, enabling informed lender selection.
4. Confirming Lender Selection
Once pricing, policy, and structure have been finalised, we present a clear recommendation for the most appropriate lender and product. This includes confirming the fixed and variable interest mix, identifying features such as redraw or offset facilities, and exploring any cashback offers or ongoing fee waivers. At this stage, we’ll also determine whether your application proceeds as a pre-approval (for property search) or formal approval (if a contract is already in place).
Outcome: Lender confirmed and loan documentation prepared.
5. Lodgement & Tracking
We manage your application from submission through to decision, ensuring accuracy and speed throughout. This includes compiling all required documentation and submitting the application via lender platforms. You’ll receive real-time updates via email, SMS, or phone, and we’ll proactively engage with credit assessors, escalate where necessary, and manage any information requests to avoid delays.
Outcome: Application lodged and professionally managed through to decision.
6. Pre-Approval or Formal Approval
At this stage, your application is assessed and conditionally or formally approved. If you’re still property hunting, a pre-approval provides a 90-day conditional lending limit, allowing you to negotiate confidently and act quickly when the right opportunity arises. If you’ve already secured a property, formal approval will be issued once all conditions—including a satisfactory valuation and compliance checks—are met. This approval unlocks the final steps toward property ownership.
Outcome: You’re formally equipped to secure your property or finalise your purchase with full lender support.
7. Settlement & Ongoing Support
We work closely with your solicitor or conveyancer and your lender to ensure settlement proceeds smoothly. This includes coordinating document signing, verifying disbursement instructions, and managing final loan conditions. Post-settlement, we assist you in setting up access to your loan account, offset arrangements, and repayment schedules to ensure everything is in order.
Outcome: Settlement complete—your new property or structure is now funded and fully operational.
8. Post-Settlement Check-In & Loan Strategy Review
Our commitment doesn’t end at settlement. Luxe Finance provides ongoing guidance, with check-ins at 6 and 12 months to review your loan’s performance and ensure it remains competitive. We offer annual repricing services, refinancing alerts when suitable, and structured discussions for future borrowing strategies. Whether you're planning renovations, expanding your portfolio, or simply monitoring market trends, we remain your trusted lending partner.
Outcome: You stay ahead of market movements with a strategy that evolves alongside your financial goals.
Jay Coakley stands as Perth's premier mortgage broker and financial authority, ingrained within the community. His profound understanding of finance establishes him as the prime choice for realising your property aspirations. Leading Luxe Finance Group, Jay focuses on identifying advantageous property prospects, prioritising your lending needs and presenting diverse borrowing options.
As a certified mortgage broker at Luxe Finance Group, Jay Coakley is at your service, offering consultations both virtually and in-person in Perth and nearby areas.
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William Bracewell
We recently worked with Luxe Finance, and I cannot recommend them highly enough. A special thank you to Linh, who went absolutely above and beyond for us. Their professionalism, clear communication, and persistence made a real difference—especially when last-minute changes came up. They handled everything seamlessly and helped us get the loan across the line without a hitch. If you’re looking for a property broker who genuinely cares and will work tirelessly to get the best result, Luxe Finance is the one.
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kree maclennan
Working with Jay and his team was an absolute pleasure. It was a seamless process and we were really happy with the outcome.
SK
Sam Khankhalili
Jay was absolutely phenomenal in assisting me with my bank loan. His knowledge and experience about the market made the process straightforward, and the systems he had in place kept everything running smoothly. If you’re looking for financial guidance and support in securing a bank loan, Jay is the person to go to.
Yes, self-employed borrowers can obtain a home loans, though the application process requires additional documentation and careful preparation. Traditional lenders typically require two years of tax returns, financial statements, and accountant-prepared documentation to assess your income stability. Some lenders offer low-doc or alt-doc products that require less documentation but usually come with higher interest rates and lower loan-to-value ratios. At Luxe Finance Group, we work with numerous lenders who have varying appetites for self-employed borrowers, including specialist non-bank lenders who may consider your application based on bank statements or business activity statements. We help structure your application to present your income in the most favourable light and identify lenders most likely to approve your circumstances, potentially saving you time and multiple credit enquiries.
Beyond your deposit, several additional costs apply when purchasing property in Western Australia. Stamp duty is calculated on a sliding scale based on property value - for a $500,000 property, expect approximately $17,765 (though first-home buyers may receive concessions). Legal or conveyancing fees typically range from $1,200-$2,500 depending on complexity. Building and pest inspections cost around $400-$800 combined. Loan application fees vary by lender from $0-$600. If paying less than 20% deposit, lenders mortgage insurance can range from $2,000-$20,000 depending on loan amount and deposit size. Other costs include mortgage registration fees ($185), title search fees ($40), and moving expenses. You should budget approximately 3-5% of the purchase price for these additional costs. Luxe Finance Group provides detailed cost estimates during the pre-approval process to help you budget accurately.
At Luxe Finance Group, our mortgage broking services are typically provided at no direct cost to you as the borrower. We receive our remuneration through commissions paid by the lenders when your loan settles successfully. This upfront commission is usually between 0.55% and 0.70% of your loan amount, followed by a smaller ongoing commission throughout the life of your loan. This payment structure means we can provide our expertise and guidance without you paying broker fees upfront. However, there may be instances where we offer fee-for-service arrangements for complex scenarios or when working with certain lender types. We'll always discuss our fee structure transparently before commencing work on your application.
The mortgage approval timeframe can vary significantly depending on several factors including lender choice, loan complexity, and documentation completeness. Generally, pre-approval can be obtained within 3-7 business days for straightforward applications with major lenders. Full approval and settlement typically takes 4-6 weeks from application submission, though this can extend to 8-10 weeks during busy periods or for more complex scenarios. Self-employed borrowers, investment loans, or construction loans may require additional time for assessment. At Luxe Finance Group, we work to expedite this process by ensuring all documentation is complete and accurate before submission, maintaining regular contact with lenders, and providing updates throughout the process. We also help manage settlement timelines to align with your property purchase contracts.
Luxe Finance Group provides comprehensive mortgage broking and finance services throughout Perth and Western Australia. Our services include home loan assistance for first-time buyers, investment property financing, commercial lending solutions, and refinancing options for existing mortgages. We work with over 30 lenders across Australia to source suitable loan products tailored to your specific circumstances. Our team also assists with pre-approvals, construction loans, self-managed super fund lending, and asset finance for vehicles and equipment. We pride ourselves on delivering personalised service and maintaining ongoing relationships with our clients throughout their property and investment journey.
Documentation requirements vary based on your employment type and loan complexity. PAYG employees typically need recent payslips (usually last 4), tax returns or notice of assessments for 1-2 years, bank statements for 3-6 months, and employment confirmation. Self-employed applicants require tax returns for 2 years, profit and loss statements, balance sheets, and business bank statements. All applicants need identification (driver's licence and passport/birth certificate), proof of deposit savings, details of existing debts and assets, and council rates notices for any properties owned. If receiving rental income, provide lease agreements and rental statements. For purchases, you'll need the contract of sale and any building reports. Luxe Finance Group provides a comprehensive checklist tailored to your specific situation and lender requirements. We review all documentation before submission to ensure accuracy and completeness, reducing the likelihood of delays or additional requests from lenders.
Refinancing involves replacing your existing home loan with a new loan, either with your current lender or a different institution. This process can help you secure lower interest rates, access additional features, consolidate debts, or release equity for other purposes. You should consider refinancing when interest rates drop significantly below your current rate, when your circumstances change, or when your current loan lacks features you now require. The refinancing process involves application, valuation, approval, and settlement, typically taking 4-6 weeks. Consider the costs involved, including discharge fees from your current lender (usually $150-$400), application fees for the new loan, and potential valuation costs. At Luxe Finance Group, we regularly review our clients' loans and market conditions to identify refinancing opportunities. We calculate whether the potential savings justify the switching costs and handle the entire refinancing process on your behalf.
The deposit requirement varies depending on your circumstances and the loan product you choose. Traditional lending requires a 20% deposit to avoid lenders mortgage insurance (LMI), so for a $500,000 property, you'd need $100,000 plus additional costs for stamp duty, legal fees, and inspections. However, many lenders accept lower deposits of 5-10% with LMI, which is an insurance premium protecting the lender. First-time buyers may access the First Home Guarantee Scheme, allowing purchases with just 5% deposit without LMI for eligible properties. Some lenders offer family guarantee products where relatives use their property equity to reduce or eliminate deposit requirements. At Luxe Finance Group, we assess your situation to identify the most suitable deposit strategy and explore all available options to help you enter the property market sooner.
The decision between fixed and variable interest rates depends on your personal circumstances, risk tolerance, and market outlook. Variable rates offer flexibility to make extra repayments and access features like offset accounts, and they may decrease if the Reserve Bank of Australia cuts the cash rate. However, they can also increase, affecting your repayment amounts. Fixed rates provide certainty and budget stability for the fixed period, typically 1-5 years, protecting you from rate rises during that time. Some borrowers choose a split loan, fixing a portion while keeping some variable. Given the current economic environment and recent interest rate movements, it's important to consider your financial buffer and long-term plans. Luxe Finance Group can analyse your situation and discuss the pros and cons of each option based on your specific circumstances and goals.
Perth's property market has shown strong growth over recent years, with median house prices experiencing significant increases across most suburbs. For first-time buyers, this presents both challenges and opportunities. While prices have risen, Perth remains more affordable compared to Sydney and Melbourne markets, with many suburbs still offering entry-level properties under $500,000. The Western Australian government's First Home Owner Grant provides $10,000 for eligible new builds, and the federal government's First Home Guarantee Scheme allows eligible buyers to purchase with as little as 5% deposit without paying lenders mortgage insurance. At Luxe Finance Group, we help first-time buyers understand these schemes and identify suitable loan products that align with their budget and circumstances.
Luxe Finance Group Pty Ltd ABN: 52660091690. Credit Representative #541795 is authorised under Australian Credit License #389328.
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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