Home Renovation Loans
Home Renovation Loans in Brisbane
Have you got big plans for a renovation? Whether you’re thinking of an extension, a complete overhaul or some smaller cosmetic changes, there are a variety of home renovation loans available. However, finding a competitive loan for renovation works can be complicated. How do you know which product is right for you?
North Brisbane Home Loans can help you turn your house into your dream home with a great range of home renovation loans. With more than 90 years of combined experience in home loan services, we can confidently offer you expert advice on what kind of home renovation loan is best for your project.
With a broad panel of lenders, we’ll help you find the best rates available on the market for home renovation loans.
Increased Demand for Home Renovation Loans
The idea of renovating a home has become increasingly popular over recent years, thanks in part to the success of reality renovation shows on television. But the recent rise in renovations can also be attributed to other factors. During the early years of the COVID-19 pandemic, the number of renovations in Australia soared, as people spent more time at home. But renovations have also become the solution for people who are reluctant to go through the process of selling and buying again.
Between purchasing costs, stamp duty and real estate commissions, selling a property and buying a new one can result in out-of-pocket costs ranging from $30,000 to $50,000. Add to this the rising cost of living, coupled with fierce competition in the property market, and it’s easy to see why so many homeowners are leaning towards renovating.
Additionally, Aussie homeowners are now choosing to stay in their properties for longer. According to a report in The Australia newspaper, the average duration for a homeowner in one property has increased from 9.3 years up to 13.5 years over the past decade.
With all of these factors in mind, it’s not surprising that the idea of staying put and improving what you have has become more attractive to homeowners. As a result, a growing number of homeowners are seeking competitive home renovation loans to help turn their dreams into reality.
Home Renovation Loans – How They Work
Home renovation loans offer Australian homeowners a financial solution to fund home improvement projects. Unlike traditional home loans, which are used for purchasing a property, renovation loans are specifically designed to cover the costs associated with upgrading or enhancing existing homes. This can range from minor repairs and kitchen renovations to major upgrades or even extensions.
A loan for renovation works will differ from other common loans in several key ways, including:
Some lenders may calculate borrowing capacity based on the estimated value of the property after the renovation works have been completed. This is very different from traditional home loans, which are typically based on the current appraised value of the property.
Unlike car loans or personal loans (that may or may not be secured), home renovation loans are secured against the property itself. This means that the property serves as collateral, which significantly reduces the lender’s risk. As a result, homeowners may have access to lower interest rates compared to unsecured loans.
Home renovation loans also offer flexibility in terms of repayment terms and interest rates. This allows borrowers to choose options that best suit their financial circumstances and renovation plans.
A loan for renovation works will often provide access to funds in stages, known as progress payments. Funds are released as renovation milestones are achieved throughout the project. The benefit of this is that you will only pay interest on funds once they have been released by the lender.
Overall, home renovation loans can be an excellent solution for homeowners who want affordable and convenient finance for their renovation projects. By accessing tailored home renovation loan options, homeowners can enhance the value, comfort and functionality of their properties while spreading the costs over manageable repayment terms.
The Costs of Home Renovation Loans
When you’re thinking about getting a home renovation loan, there are two big things to keep in mind. First, make sure you’ve factored in how much everything will cost, including materials, labour and any unexpected expenses. Second, think about how much your home will be worth after the renovations are completed. It’s important to find a balance between what you spend and what your home will ultimately be worth to avoid overcapitalising on your investment.
What can help first-time renovators find this balance before committing to a loan for renovation works? Start by considering some important factors:
How much can you afford?
First things first, ask yourself the following questions:
- Can you afford to renovate a house?
- How much can you afford?
- Will you be able to manage repayments for an extra $250,000 on top of your current home loan? Or is $50,000 a more realistic figure?
There is no point in dreaming about a renovation when you don’t know what you can borrow. So, get an estimate of your borrowing capacity done first. Talk to a broker about home renovation loans to find out what your options are.
Remember that certain lenders do renovation loans better than others. For example, some lenders will offer home renovation loans that are interest-only until the works are completed. The loan will then switch to a principal and interest loan payment option.
Do not overcapitalise
There is no point in spending $250,000 on a house renovation to increase the overall value to $750,000 if the average sale price in your area is $500,000.
A valuation is always completed once you have provided a fixed-price building contract as well as plans and specifications. This is done on an on-completion basis. This gives the idea of what the property will be worth once it’s finished. So, make sure you do your homework on property values in your area and check if there are other homes with a similar end value.
Consider interest rates and loan terms
Keep in mind the impact of interest rates on the overall cost of the renovation. A broker can explain how fluctuations in interest rates would affect your monthly repayments and the total amount repaid over the life of the loan.
It’s also important to consider how your choice of loan term can influence the overall cost of the renovation. A longer loan term will give you lower monthly repayments, but you’ll end up paying more interest over the life of the loan.
Hidden costs and contingency planning
It’s important to allow for unforeseen expenses during the renovation process. For example, your builder may discover structural issues or hazardous materials (like asbestos) only after the project is underway.
Having a contingency fund will allow you to handle any surprises that may arise and ensure you’re financially prepared for unexpected challenges.
Tax benefits and incentives
Depending on the location and the nature of the renovation, you could be eligible for tax deductions or even government grants. Understanding and taking advantage of these financial incentives can help offset some of the costs associated with the renovation.
It may be worth discussing your eligibility for these incentives with a financial advisor or your accountant before applying for a home renovation loan.
Tips for Finding the Best Home Renovation Loans in Brisbane
Research
Before applying for a home renovation loan, do your research and compare different lenders and loan products. Find the best value home renovation loan that is tailored to your needs. Consider not just the interest rate, but also any fees and charges that may apply.
Speak to an expert
An experienced mortgage broker or financial advisor can help you understand how much you can borrow for a renovation loan and what the repayment terms will be. They can also assist with any paperwork or legal requirements associated with the loan application process.
Budget
Take some time to work out exactly how much money you will need to cover all of the costs of your renovation project. This step should include seeking quotes from local builders. Have a realistic idea of how much you can afford to spend each month on your loan repayments.
Pre-approval
It’s a good idea to apply for pre-approval on your preferred loan for renovation works as early as possible. Not only will this give you a clear idea of your borrowing potential, but it will also give you more bargaining power when negotiating with suppliers or contractors.
Read the fine print
Make sure you understand all of the fine print before committing to a home renovation loan. Take the time to read through all of the documents carefully, so there are no surprises when it comes to your repayments or in case something goes wrong with your project.
Get competitive rates
Don’t just settle for whatever rate is being offered by the first lender you talk to. Shop around to compare rates and products from different lenders. Or you can skip this step by letting a broker from North Brisbane Home Loans research and compare rates for you instead.
Review your finances
Take time to thoroughly review your finances before applying for home renovation loans. This would include your income, existing debts, expenses and any savings. Ensure you can comfortably afford to service your loan and avoid any potential issues later.
Get things ready
Start getting all of the necessary documentation together to avoid unnecessary delays. Gather proof of identity (driver’s licence or passport), evidence of employment (payslips), bank statements and credit history reports for all the applicants who will be listed on the loan.
Be realistic
Set a realistic timeline for the work. Factor in potential delays (such as hold-ups with permits or materials being out of stock) and consider how these would affect your financial situation during the project (for example, if you’re planning to rent while the renovation is completed).
Types of Home Renovation Loans in North Brisbane
There are multiple different finance options available for homeowners planning a renovation. These range from construction loans (suitable for large-scale upgrades or extensions) to personal loans (a good choice for smaller projects) and even refinancing or topping up existing loans to access more funds.
Construction loans for renovation works
A construction loan for renovation works is an excellent option for those looking to renovate their homes and up their resale value. It is designed to help finance the purchase and renovation of existing homes or for building new homes from scratch.
How do construction loans work?
Construction loans provide borrowers with an efficient way to fund major renovations such as additions, structural changes and repairs on their current property.
With a construction loan, borrowers receive funds (paid directly to the builder) in predetermined progress instalments rather than as an upfront lump sum. The great thing about a construction loan is that you will only be charged interest on funds as they’re released by the lender. So, if you have a $250,000 construction loan, but only 20% of the funds have been released, you’ll only be charged interest on $50,000.
Construction loans for renovations can come with higher interest rates than traditional mortgages, due to their short terms before going to principal and interest payments. However, they are still often one of the most cost-effective home renovation loans available.
Personal loans for renovations
Many lenders now offer competitive and tailored personal loans that allow Australians to borrow money specifically to renovate a home.
How do personal loans work?
A personal loan usually comes with a shorter loan term (3-7 years) and is unsecured. The main benefit of this is that it allows you to access funding without tapping into your existing assets such as your home equity or credit cards. This means you don’t have to sacrifice any of your current financial security by using funds from other sources that might carry additional risk. Because personal loans come with reduced borrowing capacity, they’re most suitable for smaller cosmetic renovations.
Applying for a personal loan is relatively straightforward compared to other types of lending (like traditional mortgages). This makes it easier and more cost-effective for certain projects. Some lenders even offer pre-approval options so you can shop around with confidence when appraising materials or services related to the renovation project itself!
Refinance a home loan for renovation works
Refinancing your existing home loan can give you access to your home’s equity, enabling you to borrow a larger amount. This in turn gives you greater flexibility than other types of loans when it comes to funding your home renovation project.
How does a refinance home loan work?
Homeowners in Australia can typically borrow up to a certain percentage of their home’s equity. Equity is calculated by taking the current appraised value and then deducting the total value of any outstanding mortgage balance.
The amount of equity you can borrow against will vary, but it’s commonly about 80%. This means that if your home is currently worth $400,000, and your mortgage balance is $150,000, then you can potentially borrow up to $170,000 (80% of $400,000 – $150,000).
Refinanced home loans typically offer fixed or variable interest rates, with the option for payments to be interest-only until the renovation is completed. They also have lower rates compared to personal loans or credit cards. This makes refinancing to access equity an attractive home renovation loan option for many borrowers.
Ask for a home loan top-up
An alternative to taking out a new home renovation loan is to apply for a home loan top-up with your current lender.
How do home loan top-ups work?
It’s an option that certain lenders will offer as an alternative to refinancing. Basically, it allows you to increase the overall balance of your mortgage so that you can access additional funds. It also enables you to retain your current mortgage interest rate and loan terms.
If you’re unsure if this is something your lender will allow, then talk to a mortgage broker. A home loan top-up can be a simple and effective way to finance a renovation, without having to change lenders.
Utilise a redraw facility
Another renovation finance option is to utilise an existing redraw facility. A redraw facility is a loan feature offered by some lenders.
How does a redraw facility work?
It allows you to withdraw any additional home loan repayments that you may have made over the years.
For instance, imagine you’ve had your current home loan for 8 years. During this time, you’ve made a point of paying an additional $500 each month onto your home loan. As a result, you’ve already paid an extra $48,000 on your mortgage. With a redraw facility, you’d be able to withdraw these funds to pay for your proposed renovation works.
Team Up with the Investment Property Mortgage Brokers at North Brisbane Home Loans
North Brisbane Home Loans has a team of experienced home renovation loan mortgage brokers based in North Brisbane, Queensland. With over 90 years of combined experience, we’re one of Brisbane’s leading mortgage brokerages.
So, before you start knocking down walls, come and see us!
We can offer free and expert advice on a huge range of services including:
First Home Loans | Home Renovation Loans | Purchasing Your Next Home | Refinancing a Home Loan | Home Loans for Self-Employed
FAQs on Home Renovation Loans
How do I qualify for a home renovation loan?
You’ll need to have a good credit rating and sufficient income to qualify for a home renovation loan. You’ll also be asked to provide evidence that the renovation work will add value to your property when submitting your application to your lender of choice.
If your application is approved, then the bank will send out assessors/valuers. They will check that the proposed works are feasible and make sure that any borrowed funds are going directly towards meaningful improvement projects on your house or land.
What can I use home renovation loans for?
Home renovation loans can be used for common fixes like a kitchen or bathroom renovation, or larger projects like an extension.
Renovation loans can also fund a range of additional works, such as:
- Building a swimming pool
- Carrying out home repairs
- Replacing exteriors
- Upgraded landscaping
- Installing energy-efficient fixtures
There are several options available when it comes to home renovation loans, so it’s best to chat with a broker before applying.
How much can I borrow with a loan for renovation work?
Generally speaking, lenders will only approve loans up to 80% of your available equity. To calculate this sum, you’ll need to start with an accurate assessment of your current property value. Next, subtract the total value of your current mortgage balance. The remaining figure is how much equity you have. You can then assume that most lenders will allow you to borrow up to 80% of this value.
However, this could vary depending on the individual circumstances of both parties involved. Lenders will also consider external factors such as the stability of local housing markets, etc. For these reasons, it’s best to consult with a mortgage broker to gain an accurate assessment of your borrowing capacity.
How long do I have to wait to receive funds after applying for my home renovation loan?
The funds for home renovation loans can typically be disbursed within 1-2 business days of your application being settled by your lender. The application process itself can take anywhere from 2-4 weeks depending on the complexity of the situation and your choice of lender.
What documentation do I need when applying for home renovation loans?
The minimum documentation required for home renovation loans usually includes:
- Proof of income for the past 3-6 months (payslips)
- 2 forms of valid identification (driver’s license/proof-of-age card)
- Current bank statements (showing net salary)·
Other documents, including evidence of past debts, may also be requested. To avoid any unnecessary delays, ask your broker for a complete list of paperwork so you can ensure everything is accessible and up to date.
Are there any penalties for paying off my home renovation loan early?
Home renovation loans will often come with early repayment penalties, but this will vary between lenders. These penalties may be in the form of fees or additional interest charges.
It’s essential to carefully review the terms and conditions of your loan agreement to understand any potential penalties for early repayment. Some lenders may offer flexibility with early repayments, so make sure you discuss this with your broker beforehand.
Can I use home renovation loans for DIY projects?
Home renovation loans are typically intended for professional renovations and improvements that add value to your property. While some minor DIY works may be approved, substantial DIY projects may not meet the criteria for a home renovation loan. This is especially true if the proposed work involves significant structural changes or lacks professional oversight.
Before starting any DIY renovations with the intention of using a renovation loan, consult with a mortgage broker to ensure your plans will comply with loan terms and conditions.
Can I use a home renovation loan for investment properties?
Home renovation loans are typically tailored for owner-occupied properties. While some lenders may offer renovation loans for investment properties, eligibility criteria and loan terms can differ significantly.
However, investors often have access to alternative financing options, specifically designed for renovation projects, such as investment property loans or lines of credit. It’s recommended that you take time to explore these options and consult with a financial advisor or broker to find the best solution for your investment property renovation needs.
5.0 STAR REVIEWS
NBHL Brokers for Brisbane Home Loan Reviews
The best customer service ever! The team is still getting us fantastic rates and deals years later after our initial consultation... without asking!! They just do it!! Brilliant to deal with and would absolutely use them again and again.
Pat and Fiona are a dream team. As nervous first home buyers, they stepped us through everything. They were very accessible for appointments and had frequent, open communication I needed at all stages of the process. They are thorough and experts at what they do, helping us to get into a property faster and easier than we thought possible. They also got us an amazing interest rate. Highly recommend to anyone and will definitely be using them in the future for any subsequent purchases or refinancing.
Pat, Di and Jake were amazing to work with. We are first home buyers and they really helped us through the process and took the time to explain every little detail. Very friendly and down to earth. Would 100% recommend!
Brendan helped us find a loan perfect for us and our situation. Always happy to answer any questions and was very friendly. Would recommended the team here at NBH.
Pat and the team helped us secure our second mortgage and could not have been more helpful. They know their stuff and go above and beyond. Would highly recommend!!
Pat and his team are a league to their own, nothing but acute professional care with knowledge to match. Even with the banks being difficult they fought a good fight and got me approval. This is my 3rd mortgage with them and I won’t go anywhere elseA*
Very happy with the product and service provided by these guys, would recommend/use again
Exceptional service. I have used Pat for a number of years and he has always provided exceptional service. He provides clear and professional advice and always made sure the process was easy. I have used him for new mortgages as well as refinancing and every time it is seamless.I highly recommend Pat and his team to anyone looking for finance.
Best broker in town! . We’ve bought and sold a number of properties using other brokers, however our last purchase was the best experience we have ever had! Customer service and skill were on point and the speed and efficiency of the application was amazing. Patrick and his team went above and beyond to give us an experience that left us without stress and got us into our new home with ease. Cannot recommend these guys enough. They will have our business forever!
NBHL provide great service. They provide straightforward advice & their communication is fantastic
We recently engaged NBHL as our mortgage broker. Could not be happier with the whole team. The process was smooth, timely and painless. They provided fantastic advise along the way and went out of their way ensuring that we understood everything. I highly recommend the team at NBHLs. They were brilliant!
Patrick and his team are very people focused. They took the time to walk me through what can be a minefield, provided options and explained the process. I was so grateful for their updates and communication throughout the process. Knowing they were in control gave me confidence and that nothing was missed and the outcomewas exactly as discussed with no surprises. I will continue to use their services, it's a great family and local business.
The best in the businessWe have bought a number of properties over the years. Pat and and the team make everything so easy for us. Pat’s knowledge and expertise has saved us so much money over the years, and we will continue to go back to NBHL time after time.
Excellent service and knowledge. Pat and Jake were able to support through the entire process and were contactable almost every step of the process. They supported my loan preferences and knew the right angles to take to ensure successful loan approval and settlement.
Invaluable advice . We have engaged Pat and his team several times over the last 15-20 years, whenever we have needed to refinance. Each time the experience has been trouble free, taking all the pressure off us to wade through everything ourselves enabling us to make informed decisions about our home loans. We have even recommended Pat and his team to family members who have also had a very positive experience.
We highly recommend the service of Pat and the team at NBHL. Pat is extremely knowledgeable and professional, and works in an engaging and personable manner. Communication is always prompt, and we have been incredibly satisfied with the result each time we've worked with the team.
Outstanding, informative & efficient!Pat and the team have a truly spectacular and streamline business. Their secure platform, digital systems and informative communications & instruction helped us broker a competitive loan and secure a property. With how busy life can get, having North Brisbane Home Loans provide their services has been an absolute stress saver!
Best in the business!I have been doing business with NBHL for quite some time as Patrick is an exceptional Mortgage Broker! He is professional, very knowledgeable, and quick to respond to any questions I had regarding my home loan, he consistently exceeds my expectations. I highly recommend Patrick and his team to anyone applying for a home loan or just wanting to refinance.
We just recently purchased our first home with the help of NBHL amazing team! They have made this process so much easier due to their efficiency and outstanding communication. I cannot recommend them enough. Thank you so much Pat, Fiona and Di!
Pat and Jake helped me and my partner through so many questions when getting our first home loan! I can't imagine having a better crew on my team. I learnt so much, and felt like I had some great friends looking out for me along the way. Definitely recommend!
North Brisbane Home Loans stands out as best in the business for home loans. Pat and his team’s commitment to first class service and transparent communication make them leaders in their field. Their seamless and stress-free approach ensures clients receive a second-to-none service. I confidently recommend Pat and the team at North Brisbane Home Loans. Thanks team!
Pat and Jake were amazing, really want to shout out Jake for the effort he went to making sure that everything ran smoothly I couldn’t recommend the team more they were quick and made sure to follow up on every loose end and we ended up making the deadline and securing the place we wanted, you can see why they have such good reviews, even the little care package at the end with the letter addressed to us with the gifts the reviews really do show how much the team care about the work that that they do.Bogdan & Eleanor
Immense market knowledge and very professional. He has a very good experience and knowledge on the current market. He really paid attention to every detail and updated with the info needed. Due to his timely action, we were able to buy our First Home on time. 🙂 Grateful to him and the Team.
Easy and stress free . My wife and I have used Patrick a number of times and this time was no different to other experiences with him. He was always on hand to answer any questions and put our minds at ease. Patrick’s technology based approach made getting all our documents from our existing bank accounts into a format required for reviewing was brilliant to use. Anyone considering a new loan I would highly recommend Patrick Cranshaw and his services.
Wonderful experience with Pat, Fiona and the team at NBHL. As a first home buyer, they made it simple for me to understand and were very responsive to my questions and concerns. Thank you!
Pat and his team were a pleasure to work with while we were looking for our first home. I want to pay special thanks to Jake, who truly went above and beyond for us and was always happy to answer our questions (which there were many of)
The team at NBHL have been amazing throughout our whole time with them. As first home buyers they’ve made the process a lot more easier & stress free. Huge thanks to Pat & Fiona!
Thank you Patrick, Di and team. We really appreciate all the help and information you provided us with our first home loan. NBHL made the process simple and easy to go through. You and your team were very quick to answer any queries we had and easy to get in touch with. We will definitely be using the NBHL team again in the future.I recently had the pleasure of working with Patrick again after 3 years for our refinance, and I couldn’t be happier with the experience. Patrick, Jake and the whole team were extremely knowledgeable, professional, and patient as we navigated the whole process. They took the time to understand our needs and preferences, and found us the best suited option. The use of their portals to upload information and documents is a game changer! I would also like to mention the articles in the monthly newsletters are quite in depth and have been incredibly insightful. I have highly recommend Patrick and NBHL to friends, family and colleagues. See you next time! Cheers!
Fantastic support and experience! . My partner and I loved our experience with the Brokers, they were always knowledgeable, supportive and friendly in all communications. We were a little sad to stop our regular catch ups once we had our new home!
I can not recommend Pat and his team enough!They went above and beyond to help us get our loan at the best deal and worked around the clock for usCannot thank then enough!
Pat and the NBHL team are so helpful and easy to deal with. I used them for my first home purchase a few year ago, and recently for a refinance. Both times they were responsive and proactive, and able to answer all our questions in easy to understand terms. I won't hesitate to use them again next time
Pat and his team were fantastic to deal with for the purchase of our first home. Not only were we guided to a great rate, the hassle and stress was minimised greatly! Thanks NBHL, we’re super excited to be in our first home with your assistance.
The best mortgage broker I have dealt with. My application was not straight forward due my partner is on a different visa. I did try few other brokers before I reached out to NBHL, none of them had a correct approach or answers for my situation. But Patrick and team have experience dealing with similar situation to mine, he took time explaining every single possibility and how to approach them.Any issues you come across, they will know how to handle it.Would definitely recommend to friends and family.
I can highly recommend Pat Cranshaw and his team for prompt, honest and professional advice. I very much appreciated Pat's knowledgeable advice on refinancing my home loan . Thank you and best wishes to Pat and his team.
Pat, Jake & their team are absolutely great at securing the best rate. I have been using them for many years now, and always consult them for refinancing every 1-2 years to check what is the best rate available to me. They are able to negotiate much better rates with the banks than if you go to the banks directly.
Without pre-approval, Pat and Jake allowed us to buy ourselves the house we wanted. They managed to get us financial approval with a lender perfect for us in only 6 days.We are very happy with our experience and would recommend others to use NBHL when looking for a fast and easy borrowing experience.
Highly Professional and helpful. I would highly recommend Pat and his team!! Our situation was slightly complex, however they guided us through the process and were able to achieve a successful outcome.Their professionalism and communication with us were of the highest order. I would highly recommend Pat to anyone looking for a homeloan!!
Seamless from start to finish! Pat and his team were amazing. The whole process was so easy and painless. The application process was seamless from the upload of supporting docs right through to the actual signing of loan application and mortgage docs. Pat and his team were there to support us every step of the way with regular contact and simple explanations. I can’t thank them enough.
I can’t thank the team at North Brisbane Home Loans enough for getting my home loan unconditionally approved today after an unexpected last-minute hiccup. From the very first call I had with Pat, talking me through the process and various options, to liaising with Di and Jake through the pre-approval process and then having Fiona on speed dial over the past week or so, answering all my calls and diligently working to get full approval while up against the clock - everything was done promptly and efficiently, with all communications clearly setting out what was required at every stage to make the whole process seem less daunting. Nothing was too much trouble for this friendly, helpful, calm-under-fire, amazing team. Woohoo! Thank you, thank you, thank you! Team work really does make the dream work and NBHL are the dream team. Thanks again!
This is the second time we have used Pat and the team; this most recent venture was exceptionally complicated, daunting and stressful. However Pat and Jake almost made it simple. They responded to my 1000 panicked emails with patience and clarity, never sugar coating anything. All the legalities were made transparent and easy to understand. We are so happy to say as from today, this amazing team of professionals played a very big part in bringing a very traumatic previous 18 months for our family to an end, with our new home purchase becoming unconditional literally hours ago. We can't thank them enough, it's been a long journey, but we made it thanks to them. If there was an option to pop down 10 stars, we wouldn't hesitate. Thanks, NBHL
Very helpful. Patrick was very professional and easy to deal with, and I felt that I could ask all the silly questions during the home loan refinancing process and get real answers and still be taken seriously. He took his time to explain my different options thoroughly, and made the process as smooth as possible once a decision had been made.
10/10 recommend. Pat recently helped my husband and I remortgage our home and the whole process was simple and effortless. I always felt like Pat and his team were working hard for us and we were looped in through the whole process. Would absolutely recommend 🙂
Exceptional Broker and Team - Honest, Prompt and Realistic. Highly recommend Patrick and the Team he works with. Our trusted broker that we go to repeatedly for mortgaging and refinancing. Always honest and seeks products that fit primary needs, plus offers valuable and realistic advice. The only broker we refer our friends and family to! Always in touch with us on time, made refinancing easy, friendly and upfront - every member of the Pat's team answered all our questions and laid out the steps ahead well in advance of settlement. Refinancing couldn't have gone any smoother! Only praise to share. We will continue to use Pat indefinitely.
Excellent customer service, advice and attention to detail.Have now used NBHL for re-financing our home loan and to purchase our investment property. Can highly recommend.
Luke and the team at NBHL were a pleasure to deal with throughout the entire process of buying our first home. Luke was always contactable and made the effort to answer all our queries promptly and simplify the entire journey. As first home buyers we couldn't imagine buying without the help of such a knowledgeable team that has put a great emphasis on customer care.
I am writing to express our sincerest gratitude for the exceptional assistance you provided us in navigating the complex process of securing a home loan. Your professionalism, clear communication, unwavering transparency, and adept use of technology truly set you apart.You consistently ensured that we understood each step of the home loan process. Your ability to explain complex financial terms in a simplified manner made us feel confident and empowered in making informed decisions.Moreover, your expertise in utilising technology to streamline the loan application process was truly remarkable. From secure online document submission to virtual meetings, you effortlessly incorporated modern tools into our interactions. This not only saved time but also demonstrated your commitment to staying at the forefront of industry trends, ensuring a smooth and efficient experience.Once again, thank you for everything you have done. I wish you continued success in your endeavours, and may your expertise positively impact many more individuals like myself.Well done Team North Brisbane Home Loans!!
6 years ago we used NBHL service to buy our house/land package as a first time owner in Australia. Pat, Di and the team have been really professional. Everything went so smoothly. A month ago, we contacted NBHL to discuss any possibility to buy an investment property. Luke has been awesome, and went through all the options in details. Here, again the communication was great and everything went smoothly. Highly recommended.
Hassle-free re-finance. Pat and the team from North Brisbane Home Loans made our complicated re-finance very easy. The team go out of their way to ensure a smooth loan application/transfer process. Second time with this great experience from the NBHL team, highly recommended.
Friendly, professional service for expat loan refinancing. Pat, Di and team were incredibly helpful, patient, and flexible while finding an Aussie non-resident refinancing solution for me. These days that is no easy task!They kept me informed at every stage of the process from the solution hunting, to the decision making and throughout the closing process.Their services were invaluable and I couldn’t recommend them highly enough.
I contacted Pat at North Brisbane Home Loans based on their reviews. From the minute I spoke with Pat I felt at ease with his knowledge, experience, friendliness and felt straight away that he had our best interests at heart.Pat, Di and the team at North Brisbane Home Loans are so lovely and took away a lot of the stress of the whole process by communicating regularly and by explaining in detail all answers to any questions we had. They guided us through every step of the way and now thanks to the team we are in our dream home.Thank you all so much, we are over the moon!10/10 recommend!
Pat, Di, and the team at North Brisbane Home Loans are fantastic. They supported us every step of the way in our home loan application/home buying journey, and we couldn't be happier with the service recieved. They made the process so easy for us and we will definitely use their services again. We highly recommend!
The team at North Brisbane Home Loans were phenomenal from the very first point of contact. Pat was amazing in taking us through a step by step guide on how to purchase our first home!They were extremely responsive throughout the entire process with consistent and reliable communication.Would recommend to anyone looking to get into the market with a knowledgeable Broker!Thankyou.
The most amazing service from Pat & Di at NBHL. Their expertise and patience throughout the entire process made it feel easy to buy our first home. Their guidance and support was immeasurable and we couldn’t have done it without them!Thanks to the team at NBHL for everything.
Fantastic mortgage Broker!We used Pat and his team when we originally bought our first home back in 2017, and they were so fabulous that we went back to them this year (2022) to re-mortgage and change up our home loan. They do a wonderful job - great communication and dedication to get you the best rates possible. They also fix any mistakes the bank makes for you, quickly and efficiently. Can't rate them high enough, we will definitely be going back to them in the future.
Knowledgeable, Professional and CalmBack in 2021 a colleague referred me to Patrick, we weren’t ready to buy yet but wanted to meet Pat as he had helped my colleague with his family home, plus 2 additional investment properties. My colleague was so impressed by the services offered by Pat that I had to meet him for myself! He didn’t disappointment, we decided after our first meeting on a plan and locked in to touch base again in a years time!1 year later, everything was in place and Pat helped us put everything in place and we are now proudly living in our new family home!Many healthily conversations were had, and Pat is really knowledgeable but we also appreciate his cool and calm manner.We will not hesitate to refer him and North Shore Home Loans to friends and family. We will also definitely be reaching out again when we expand our investment portfolio in the future.
We had a great experience with North Brisbane Home Loans. Our broker was Luke and he was excellent in listening to what we needed and providing us with loan options that would work for our situation. We liked the videos they provided explaining the product options and recommendations. Being able to watch the videos in our own time was helpful. Fiona was amazing in collating all our information and documents and working with the bank once we did find a house. The communication and customer service was superb. I would recommend NBHL.
The team at North Brisbane Home Loans were phenomenal from the very first point of contact. Luke was brilliant in taking us through a step by step guide on how to achieve our goals, provided us with useful resources, and was very willing to answer all questions we had as first home buyers. We had a tight settlement timeline and the team (Luke and Fiona in particular) made it appear effortless. They were extremely responsive throughout the entire process with consistent and reliable communication. We could not recommend NBHL highly enough!
My husband and I are grateful to Luke, Fiona and the team at North Brisbane Home Loans they are absolutely brilliant to deal with.We had a very pleasant experience with Luke he took the time to investigate several different scenarios to get us the best possible product and solution. Luke and Fiona were very responsive to our queries even calling after hours when necessary. While we were first time home buyers they reassured us every step of the way, confident in their advice and decision. Their patience and willingness to walk us step by step each process over the phone was greatly appreciated.Overall a very efficient and professional organisation you won’t be disappointed.
I had an absolutely amazing experience with North Brisbane Home Loans. I was able to buy my first home with the advice, help and professional guidance of Pat and his team. I was very well looked after from the minute I reached out. Everything was handled in a very friendly, professional and timely manner. Whenever I was worried, unsure or needed assurance I was replied to promptly with everything I needed to know. The team were even willing to drive to my workplace to ensure all of my documentation could be signed and submitted promptly. I cannot recommend them enough!
