Mortgage Broker Paddington

Paddington auctions are competitive and move quickly, particularly for renovated terraces on desirable streets. We arrange pre-approval before auction day so you can bid without a finance condition. Once you win, the contract is immediately binding, so having finance in place before you bid is essential. We liaise with your conveyancer throughout settlement.

Most lenders are comfortable with Paddington's terrace stock. Where it can become relevant is floor size: terraces under 50sqm internally may have a reduced lender panel, as some lenders apply minimum size requirements. Most Paddington terraces exceed this threshold, but it's worth confirming. We'll check the property details and identify the best-matched lenders before you apply.

A 20% deposit on the median Paddington house is around $900,000 once you add stamp duty, so not everyone gets there with savings alone. Most lenders will go up to 90% or 95% LVR with LMI, and for eligible professionals such as doctors, lawyers, accountants and engineers, an LMI waiver may allow borrowing above 80% without that cost. Upgraders often use equity in an existing property instead. We'll work out which option suits you.

Paddington has a long track record as an investment suburb, underpinned by consistently strong rental demand from professionals and proximity to major employment centres. Heritage terrace stock is relatively scarce and does not expand, which supports long-term price performance. We structure investment loans to suit your portfolio goals, and can work alongside your financial planner or accountant to implement whatever structure they recommend.

Yes, and it's your responsibility, not the lender's. Your solicitor or conveyancer will order a strata inspection report before exchange, which covers the body corporate's finances, meeting minutes, outstanding levies, and any known defects. Lenders assess the property type, floor size, and title, not the strata records themselves. Where the lender panel can narrow is for properties under 50sqm, company title, serviced apartments, or student accommodation.

Yes, on the unit side. Paddington units sell around a price range where stamp duty concessions can still apply, and older one bedroom apartments come in lower again. The caps change regularly, so checking what you're eligible for is the first thing we do. Start with our first home buyers page.

Yes. Depending on the scale, that might be a simple equity release, a loan top-up, or a construction loan with progressive drawdowns for larger structural work. Heritage overlays can slow council approvals, so build that into your timing. See construction loans for the bigger jobs.

If you're comparing mortgage brokers in Paddington, ask them about the terraces. Shane has arranged loans across the suburb for years and knows which lenders are comfortable with small floor plates, shared walls, and heritage overlays. A bank can only offer you its own products. We compare more than 30 lenders and the service costs you nothing.

Our service is completely free to you. Lenders pay us a commission when your loan settles. There are no upfront costs, no hidden fees, and no obligation after an initial conversation.