Kingsbridge Private Mortgage Brokers in Sydney, Australia | Financial service

Kingsbridge Private Mortgage Brokers

Locality: Sydney, Australia

Phone: +61 2 9299 0599

Address: 1 Margaret street 2000 Sydney, NSW, Australia

Website: http://www.kingsbridgeprivate.com

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24.01.2022 Westpac projects 15% rebound in property prices Record low mortgage rates and a less severe recession than feared are set to pave the way for a V-shaped recovery in residential property market, according to Westpac’s chief economist. Westpac chief economist Bill Evans has revised his residential property price projections amid signs of stronger than expected economic recovery....Continue reading

24.01.2022 So a small bit of humour based on the irony of the Royal Commission into banks. The outcome which has been that brokers who were not part of the originally part of the Commission and only included at the insistence of CBA is that it looks like they want us to charge the customer to obtain finance. A big benefit for the big banks. **Breaking News**: Commissioner Hayne has released his findings from the RC into the price of milk at major supermarkets. Cows are obviously the ...issue and cant be trusted concluded Hayne. I agree with the big supermarkets that clearly the best client outcome is for customers to get up at 5am to milk the cows and bring the milk to the supermarkets themselves. He further criticised the current structure of supermarkets paying conflicted remuneration to greedy farmers which adds to the cost of milk. Hayne stated that it is my expert opinion that farmers do nothing more than watch the cows eat grass and this is confirmed in the thorough and unbiased research provided by both Coles and Woolworths. Hayne further recommended that by concentrating on only milking 4 cows that competition would be guaranteed and that smaller supermarkets could easily survive and provide competition by focusing on the sale of almond milk. Milk prices are predicted to rise July 2020 as a result of increased supermarket costs to offset the large bonuses paid to senior management following the removal of payments to farmers. Its a positive outcome for consumers and the Government should act on all recommendations immediately said one supermarket CEO. See more

23.01.2022 A few weeks ago I mentioned how it looked like house prices had started to pick up. This is probably why we are now seeing a pick up in Auction clearance rates. Though it should be mentioned that there isn't much housing stock available. Here is the latest data on the performance of the capital city home prices. ... https://www.corelogic.com.au//first-week-july-sees-combine

21.01.2022 So this morning I received an offer for our clients of 2.52% variable from one of the banks. Pretty good, but wait there's more.......If you have need a loan of only 60% or less of your property value, and your borrowing more than $500,000 the rate drops to...........2.39%. For many borrowers that is a saving of many thousands of dollars each year. Let us know if we can help. We also have fixed rates from 2.09%

21.01.2022 Surprise nice article this morning in the Professional Planing magazine. https://www.professionalplanner.com.au//brokers-worried-b/

20.01.2022 5 questions asked about the new Homebuilder $25,000 grant. https://www.yourinvestmentpropertymag.com.au//how-to-apply Prime Minister Scott Morrison unveiled the stimulus on 4 June, which grants $25,000 to Australians planning to build a new home or undertake significant renovations....Continue reading

19.01.2022 I just received the following update from ANZ bank. Note the super cheap two year fixed rate of 2.19% Web links are in the comments below ANZ on Friday 20th March 2020 announced an unprecedented support package for small business and home loan customers with the potential to inject $6 billion into the Australian economy and assist in the recovery from the current COVID-19 crisis. Customers can find more information, including dedicated contact telephone numbers available from... Monday, on our dedicated site on anz.com. For Home Loan Customers: Decrease variable interest home loan rates in Australia by 0.15% p.a. across all Variable rate indices, effective from 27th March 2020. Introduction of a two-year fixed rate of 2.19% p.a.4 for Owner Occupiers paying Principal & Interest; our lowest fixed-rate home loan on-record. Request a deferral of home loan repayments for up to six-months, with a review at three-months, with interest capitalised2. For Small & Medium Businesses: Decrease variable interest small business loan rates in Australia by 0.25% p.a., effective from 27th March 2020, resulting in a 0.50% p.a.1 reduction since last week. All impacted customers can request a six-month payment deferral on loan repayments for term loans, with interest capitalised2. Making available temporary increases in overdraft facilities for 12 months. A reduction by 0.80% p.a. to a new two and three-year fixed rate of 2.59% p.a. for secured small business loans up to $1 million3, effective 3rd April 2020. Action: Direct customers to our dedicated site on anz.com for more information. Further information, including banker FAQs, will be provided shortly.

19.01.2022 For the past few years the Mortgage Broking industry has been forced to make our clients prepare budgets and to apologise for taking holidays and eating out from time to time. All because the regulators forced lenders to use "out of touch" lending benchmarks of 7.25% affordability rates. The pressure on our clients and staff has been horrendous. Then banks would use forensic tests to say our clients spend too much and enjoyed their wages that they worked hard for too much.... No credence was given to discretionary spending. Now, in a substantial win for commonsense ASIC has been forced to acknowledge that people who have surplus income can and do spend it which in turn is good for the economy. Whilst there has been a lessening on the test rates from 7.25% to circa 5.75% the rigorous examining of peoples private spending should be relaxed. If someone has enough income to afford a bottle of Shiraz they should not be treated in a punitive manner. So let's raise a glass to Justice Perram and common sense. https://www.mortgagebusiness.com.au//13708-borrowers-will-

18.01.2022 We are all in this together- Just separate

17.01.2022 I don't want to be too self serving but perhaps I can't help it. When I started as a mortgage broker in 1999 nearly twenty years ago we could meet a potential first home owner in the morning and have them approved by the bank in the afternoon or next day. Now we live in an over regulated, paranoid state where all borrowers are treated as "guilty" until a team of forensic and non-empathetic analysts tear apart the applicants financials. Often even those whose loans were appr...oved feel violated by the depth of inquiry. I believe our clients are largely treated with respect and are guided to good outcome, however the lenders need to start seeing the applicants as people, with hopes and dreams not as beggars at the doors of their vaults. Below is an interesting report by St George on how first home owners reported their experience. I would suggest those without brokers fared the worse The rigors of the home loan application process have been described as stressful and overwhelming by 93 per cent of first home buyers, according to a new survey. St George Banks 2019 Home Buying Survey of 1,173 Australians has reported that 93 per cent of first home buyers (FHBs) have described the home loan application process as either stressful (51 per cent) or overwhelming (42 per cent) amid the continued tightening of credit conditions. For respondents that waited less than a week for home loan approval, more than half felt anxious (58 per cent), stressed (55 per cent) and impatient (61 per cent). Where a borrower had to wait at least seven weeks for approval, almost all respondents felt anxious (96 per cent), stressed (94 per cent) and impatient (93 per cent).

17.01.2022 COVID-19 Finance Action Plan With working from home being the new norm, now is the perfect time to do your own financial Health Check...Continue reading

16.01.2022 Video posts, working remotely and Covid-19 is this the new norm

16.01.2022 CBA's stylised assistance. Whilst they didn't pass on the last rate reduction, there 2.29% fixed for one, two or three years fixed is pretty heap. We can organise this for you. Want to check out your new repayments with this rate. here is the calculator https://kingsbridgeprivate.com/tools/home-loan-repayments/

16.01.2022 With low interest rates of 2.99% fixed for three years and easier bank assessment rates, It is now wonder that house affordability is the best it has been since 1999. https://www.therealestateconversation.com.au//h/1562731625

16.01.2022 I often get asked about how to manage the auction process. Customers often feel overwhelmed and stressed by the process. One of our suppliers Deposit Power just released this. I really like it. The Rules 1. Set your maximum limit before you go...Continue reading

14.01.2022 With fixed rates already sub 3.5% and 90% of the market predicting a reduction to the cash rate the Reserve Bank has dropped the cash rate by 0.25%. In addition, conversations I have had today with the lenders suggest the lending assessment rates are about to drop by nearly one percent. https://amp.abc.net.au/article/11176306

14.01.2022 This article by the ABC really provide depth about how the banks treat you when you ask to put your repayments on hold and what happens to your credit history and what happens to the interest cost. https://www.abc.net.au//are-banks-freezing-mortga/12090642 Interest rates continue to fluctuate this week, with one bank lender now offering 2.09% fixed for two years. Our advice is that on Monday we should see what are the best offers out there. Best to wait until all players ha...ve revealed their hands https://kingsbridgeprivate.com/covid-19-updates/ What will your mortgage look like if your interest rate is below 2.3% (fixed rate) see the attached calculator. https://kingsbridgeprivate.com/tools/home-loan-repayments/

13.01.2022 A bit of comic relief about people helping each other. with a mortgage twist https://www.youtube.com/watch?v=LyziHklQXTo

13.01.2022 Labor has given a timetable of when they want to bring in their changes to Negative gearing. They want it to apply to properties purchased after 1 January 2020 https://www.theadviser.com.au//38961-labor-announcement-to

13.01.2022 https://www.westpac.com.au//disaster-rel/coronavirus.html/

12.01.2022 How does a parental Guarantee work? Family Pledge guarantees are a straight forward style of guarantee to assist home buyers with a solution that may not normally exist or may be at great expense to the borrowers due to high mortgage insurance costs. It is only on offer by a few of the banks. Over the last two years many lenders have exited from this style of assistance....Continue reading

12.01.2022 Record deficit but Australia remains one of the strongest performing countries in the world The Treasurer and Prime Minister have both stressed that today is not a mini-budget. Its an economic outlook with Treasurer Josh Frydenberg and Finance Minister Mathias Cormann setting the tone for the current Australian and global economic outlooks. Minister Cormann has said there are some positive early signs that the unwinding of containment measures in the latter part of the June ...Continue reading

11.01.2022 JOB Opportunity -Mortgage Broker Assistant Kingsbridge Private is an award-winning boutique mortgage broking firm based in Sydney CBD that offers a full range of loan options including residential loans, commercial loans, SMSF loans, short term lending, cash flow finance and asset finance. We require a Mortgage Broker Assistant to join a dynamic growing team with the main responsibility of providing executive support to our busy Mortgage Brokers. The ideal candidate would be experienced, accurate, organised and have a sense of fun. Contact [email protected] 9299-0599

11.01.2022 https://www.macquarie.com//bank-accounts-payments/expertis

10.01.2022 The Government has teamed up with two major banks and several smaller banks to help Australian's buy their first home. So what assistance is there to help Aussie's get their own home? The new arrangement is for individuals with an income of up to $125,000 or a couple with earnings of a max of $200,000. It allows for the purchase of a property in Sydney for first home owners to buy a dwelling for $700,000 or less. What does it do? It allows someone with only 5% deposit to avo...id mortgage insurance of circa $30,000. 10,000 people per year may use the facility. 3,000 have already had an approval under the scheme Attached is a further article to explain the scheme and compare normal savings against how this will help. https://www.corelogic.com.au//first-home-buyers-scheme-eli

09.01.2022 Here is the update on what's happening on the residential property. It suggests that confidence is turning positive. markerhttps://www.corelogic.com.au/sites/default/files/2020-10/CoreLogic%20home%20value%20index%20Oct%202020%20FINAL.pdf?utm_medium=email&utm_source=solus&utm_campaign=indies_all_awareness_2021001

08.01.2022 I was pleased to read the editorial in the Australian Financial Review last week with the suggestion that banks and ASIC have lost their way in their micro focus of borrowers. Checking the expense of applicants pets and tv subscription isnt the answer to good lending. Banks need to return to the old form of lending The Three Cs ... Character. Are they likely to repay the loan. Cashflow. Have they got the ability to repay the loan Collateral. If the borrower cant repay the loan does the lender have security to sell to repay the debt. This style of lending allowed people to Have A Go which was the way AUSTRALIA prospered as a nation. Now the lenders are restricted and live in a paralytic fear of the government regulators. This squashing of credit is why as a nation home ownership, and small business are struggling. We need to back Australians trying to get ahead. #lending #mortgagebrokers #afr #credit

07.01.2022 New data has shown that 70 per cent of Australians no longer trust the big banks, and one in three is seeking expert advice on switching their home loan product. New research conducted by comparison site Mozo has found that 70 per cent of Australians do not trust the big four banks, with half of that figure losing confidence after their failure to pass on the Reserve Bank of Australias rate cuts to customers. The survey, conducted on over 1,000 mortgagors between 8 and 12 Oc...Continue reading

06.01.2022 I just read through the attached article about Auction clearance rates across Australia. Overall whilst a couple of statistics really stuck out. Sydney is similar to last year at 74% but the number of properties sold was up 24%. The following areas are doing well Northern Beaches 84.4%, InnerWest 81.4% and Sutherland 82.6%. ... Whilst Melbourne is doing it tough as expected it is a tale of two regions The South East has clearence rates of 75% and the North East is as 23% https://www.corelogic.com.au//strength-sydneys-auction-mar Where are Interest rates? We have lenders with 1.99% fixed for three years and 2.24% interest only for Investment loans. Also a number of lenders will approve loans up to 85% without mortgage Insurance.

05.01.2022 While everyone is talking about the low variable interest rates one of the top ten lenders has deliver the lowest home loan interest rates I have ever seen in Australia. The offer is a "special" but at three years fixed at 2.49%, It is jaw droppingly low. Fixed rates are not always the correct way to go for everyone but it may be worth chatting to a mortgage broker that you trust. ... If you are not a fixed rate kind of borrower, some of the big banks are paying as much as $4,000 to encourage you to change your home loan to their brand. Now is the time to drive a better home loan.

04.01.2022 The Reserve Bank has made an emergency cut to the official interest rate, dropping from 0.5 to a new record low of 0.25 per cent. The RBA will also buy Australian government bonds as part of its first-ever quantitative easing program, and provide a three-year funding facility to provide cheap loans for Australian banks.

04.01.2022 https://www.linkedin.com//urn:li:activity:664657039519558/

04.01.2022 The new norm work and talking by video

02.01.2022 Happy wet Friday. I was in Melbourne for the past two days at the commercial broker summit for senior brokers who specialise in commercial lending. One slide I wanted to share was from NABs top economist Alan Olster. The slide shows the house prices of the major capital cities. ... Interesting to me is that there appears to be an upward swing in Sydney. That combined with lower interest rates and an easing on assessment rates may mean we have hit the bottom in Sydney. Im told that the weekend will be a cracker for great winter weather. If youre going away or just heading out to see the change of colour on the trees remember it is double demerits.

02.01.2022 A remarkable recovery for Sydney prices over the September quarter, marking the end of the steepest downturn since the 1980s. House prices jumped 4.8 per cent, or almost $50,000, to $1.079 million. Unit prices rose 2.6 per cent to $694,840. These are the first quarterly gains since 2017. Houses have regained almost one-third of the price falls that occurred during the recent downturn, and units have regained roughly one-fifth of the price lost over the recent slump. Despite t...his rebound, both house and unit prices remain lower than a year ago. Buyers may have missed the bottom of the market, with prices reaching a low last quarter. However, prospective buyers can still take advantage of improved affordability. House prices are 9.9 per cent below the mid-2017 peak, and units prices 10.6 per cent below. The September quarter showed house price growth was strongest across the North West and Inner West house markets. Falling interest rates and expectations of further cash rate cuts early next year, relaxation of lending standards and the re-election of the coalition government are all factors which have accelerated the start of the upswing across Sydney. Part of the strength of the upswing may also be guided by the length of the preceding downswing. Potential buyers looking for the market to bottom out have had to wait, leading to pent-up demand, with mortgage lending rising in recent months. Despite this, there are still risks that could temper future price increases. These include subdued income growth and affordability constraints. House prices fell 4.8 per cent in Newcastle and 7.8 per cent in Wollongong over the year. Source. Domain com au research

02.01.2022 HELPING YOUR YOUNG RELATIVES INTO THEIR FIRST HOME The First Home Loan Deposit Scheme- Second release in July 20 young home buyers need to be ready We are here to help you and/or your family members...Continue reading

01.01.2022 For many of you, the economic impact of COVID-19 both now and in the future will be of grave concern. We at Kingsbridge Private are keeping a close eye on the banking industry response in terms of how they will assist vulnerable customers. We will update you via linked in and facebook as further information comes to hand. However in the interim, whether you're an employee or a business owner, many banks have already put in place some measures to assist you. If you are feel...ing like you are already needing some guidance as to some monetary relief there are a couple of things you can do now. There's no reason to wait until things get worse: 1. Contact anyone in our office for a confidential chat and to discuss what options may be available to you. 2. Contact your bank directly to discuss options - please note all major banks have details on initial relief options on their home page - or search 'COVID-19 update' on your banks website. There you will find information on what options may be available to you, and phone numbers you can call for more information. We are all in this together - just separate! #loans #mortgagebroker #mortgagespecialist 1

01.01.2022 Again as in the GFC Aussie property remains fairly resilient. Some opportunistic purchases are available as investors and owners way up here own circumstances. https://www.corelogic.com.au//relative-resilience-property

01.01.2022 Never a one man effort. Thanks To my amazing team, Fiona, Bev, Ian, Shefali and Pam.