Lachlan McKean

A mortgage broker acts as an intermediary between you and multiple lenders, providing access to a broader range of loan products than what you might find by visiting individual banks. LBK Lending maintains relationships with various lenders, including major banks, credit unions, and specialist finance providers. This means we can compare options across different institutions to identify suitable solutions for your specific needs. We handle much of the paperwork and communication with lenders, saving you time and effort. Additionally, our understanding of different lenders' criteria and preferences can improve your chances of approval, particularly if you have unique circumstances or complex financial arrangements.

Yes, LBK Lending extends beyond residential lending to include business and commercial finance solutions. We assist with business equipment finance, working capital loans, commercial property purchases, and development finance. Our commercial lending services cover various property types including office buildings, retail spaces, warehouses, and industrial properties. We understand that business finance often involves more complex assessments and documentation compared to residential loans. Our experience with commercial lenders helps us present applications effectively and advise on structuring arrangements to meet both the lender's criteria and your business objectives. Whether you're establishing a new business, expanding operations, or investing in commercial real estate, we can connect you with appropriate finance providers and guide you through the application process.

LBK Lending operates as a finance and mortgage broker, connecting clients throughout Brisbane and across Australia with suitable lending solutions. Our services encompass home loans for first-time buyers, property investors, and those looking to refinance existing mortgages. We also arrange personal loans, business finance, and commercial property lending. As licensed professionals, we work with multiple lenders to find appropriate finance options that align with your circumstances and objectives. Our role involves assessing your financial situation, explaining available products, and managing the application process from initial consultation through to settlement.

The timeframe for mortgage applications varies depending on several factors, including the complexity of your financial situation, the type of property you're purchasing, and the specific lender's processing times. Generally, straightforward applications can receive conditional approval within a few days to a week. However, the complete process from application to settlement usually takes between 30 to 45 days. Factors that may extend this timeframe include additional documentation requirements, property valuations, legal checks, or if you're purchasing an off-the-plan property. LBK Lending works diligently to progress applications efficiently and keeps you informed throughout the process, helping coordinate between all parties involved to meet your settlement deadlines.

Getting started with LBK Lending begins with an initial consultation where we discuss your financial goals, current situation, and lending requirements. This consultation allows us to understand your needs and explain how we can assist you. You can contact us by phone or through our website to arrange this meeting, which can be conducted in person at our office, at your location, or via phone depending on your preference. During this initial discussion, we'll explain the process, outline what documentation you'll need, and provide an indicative assessment of your borrowing capacity. There's no obligation from this initial consultation, and it gives you the opportunity to ask questions and understand how our services can benefit your specific situation before proceeding with a formal application.

Documentation requirements vary based on your employment type and financial circumstances, but common requirements include recent payslips, tax returns from the past two years, bank statements covering several months, and identification documents. If you're self-employed, you'll typically need business financial statements and additional tax documentation. LBK Lending will provide you with a comprehensive checklist tailored to your situation and the lender's specific requirements. We review your documents before submission to ensure everything is complete and accurate, which helps avoid delays. Our experience with different lenders means we understand their preferences and can advise on presenting your application in the most favourable manner.

Yes, LBK Lending works with clients who have various credit situations, including those with past credit challenges. Our access to multiple lenders includes specialist providers who may consider applications that mainstream banks might decline. We'll review your credit report and discuss your circumstances to understand the background of any credit issues. Different lenders have varying criteria and risk appetites, so what one lender considers unsuitable, another might approve. We can advise on steps to strengthen your application and potentially improve your borrowing position. It's worth noting that non-conforming loans may carry higher interest rates or require larger deposits, but they can provide pathways to property ownership when traditional options aren't available.

Your borrowing capacity depends on multiple factors including your income, existing debts, living expenses, credit history, and the deposit you have available. Most lenders will consider lending up to 80% of a property's value without requiring lenders mortgage insurance, though you may be able to borrow up to 95% with appropriate insurance coverage. As a general guide, lenders often approve loans of 5-6 times your annual income, but this varies significantly based on your complete financial picture. LBK Lending can conduct a comprehensive assessment of your borrowing capacity, taking into account current lending criteria and your specific circumstances. This assessment helps establish a realistic budget for your property search and ensures you're looking at properties within your financial reach.

LBK Lending provides access to various home loan products to suit different needs and circumstances. These include variable rate loans where interest rates can fluctuate with market conditions, fixed rate loans that lock in your interest rate for a specified period, and split loans that combine both variable and fixed portions. We also arrange interest-only loans, offset account facilities, and construction loans for those building new homes. For investors, we can access investment property loans with features suited to rental properties. Additionally, we work with lenders offering low deposit home loans, refinancing options, and reverse mortgages for eligible retirees. Our role is to explain these options and recommend products that align with your financial goals and circumstances.

LBK Lending typically receives commission payments from lenders when we successfully arrange finance for our clients. This means most borrowers don't pay direct fees to us for standard home loan services. However, some specialised services or complex applications may involve additional charges, which we'll discuss upfront before proceeding. It's important to understand that while our services may not cost you directly, you'll still be responsible for standard loan costs such as application fees, valuation fees, legal costs, and ongoing interest charges as set by your chosen lender. We'll provide clear information about all costs involved in your finance arrangement before you make any commitments.