Decline Advice

As a finance broker each of our team at Up Loans are under compliance restrictions where they cannot submit an application to a bank that they do not feel will service (show borrowing capacity) and be approved. As such if you come to a team member at Up Loans with a contract that has been signed and we do not have a solid option for you we cannot […]

Read More | 28 Nov, 2022

What names to go on the loan / title?

Oftentimes a client in a relationship will have owned a property prior to entering the relationship. When doing new lending the following are options for how that lending will impact the previous property:   Let’s say Jenny and Joe are in a relationship and Jenny owned her own house prior to meeting Joe. Now Jenny and Joe want to buy a house together.   Options for Jenny’s current […]

Read More | 28 Nov, 2022

How does my equity / savings impact on borrowing capacity?

  Kirsty has recorded a quick video here answering a very commonly asked question about how savings / equity impacts on borrowing capacity. In effect they’re the two halves of borrowing. We need either equity and or savings AND the income in / out – but having equity / savings doesn’t necessarily give you extra borrowing capacity. Have a watch and ask any questions. Side note, this was […]

Read More | 23 Nov, 2022

Providing your photo ID

Every time we open up a new application with the bank, we have to prove that you are who we say you are (and not a robot) with an ID check of some description. Because we do a lot of our meetings via Zoom, we’ve found the most reliable way to do this is a screenshot of our initial call with you that shows your broker, you, and […]

Read More | 18 Nov, 2022

First Home Buyer FAQs

Hello, First Home buying friends! We’re lucky enough to be able to help lots of first home buyer clients in our daily work, and there are a few questions that crop up pretty commonly. In the video below, Kirsty & Lucy chat about some common questions asked by first home buyers, plus share some things they wish they’d known when they were looking at purchasing a house for […]

Read More | 17 Nov, 2022