FAQs

A broker is an expert in finance who engages with you individually to explore your lending objectives and assists you in establishing the amount of funds for which you are eligible. They usually offer a higher degree of customized service than what you might expect from a direct lender. Moreover, they have the ability to tap into a variety of loan options from numerous lenders, enabling them to secure the most favorable loan conditions tailored to your specific needs.

When you secure a loan via a broker, you won’t incur additional repayments or charges. The broker earns a commission from the lender for bringing in new clients, yet this does not impact the interest rate or any other terms of your loan contract.

You don’t pay for a broker’s services as they are compensated by the lender. Brokers have a wide selection of loan options from different financial institutions, ensuring they can pinpoint the perfect loan that suits your specific situation. This often means securing a loan with the lowest rate at the time, coupled with features that offer you the greatest convenience.

However, some brokers might charge service fees, and if they do, they are required to be transparent about these charges before they render their services.

While our borrowing calculator can give you a decent idea of how much money you may be able to take out, for a more precise assessment, please get in touch with our team. We can then go through your options with you and chat about your circumstances in further detail.

Variable-rate home loans, as the term implies, feature interest rates that fluctuate over time. They typically offer more versatility than other loan types, including the option to make extra payments and access funds through a redraw facility. However, the repayment amounts aren’t set in stone.

Conversely, fixed-rate home loans provide consistent monthly payments, giving you clear foresight of your repayment obligations each month for the loan’s full term. While these loans may lack some of the flexible features, they afford borrowers the comfort of being able to precisely budget for their repayments.

When deciding on the right loan for you, consider what you value more – the adaptability that comes with a variable rate or the stability of knowing exactly what your repayments will be with a fixed rate.

Because we are connected to a mortgage aggregator, we have the privilege of being able to source loan options from over 50 different lenders. This means that we can help you find multiple suitable options for you and your specific situation.

It’s important to address a prevalent problem: we highly recommend that you do not initiate any construction work without securing a formally approved loan that covers at least the entire sum of your building contract. Our ability to provide a loan for a property that is partially built is limited to situations where the construction has reached the fixing stage.

It’s not a strict requirement. There are financing alternatives available that permit refinancing approval without the need to settle current credit blemishes. In some cases, these credit defaults or judgments might be contested, or perhaps you’ve arranged a consistent payment schedule to manage them and prefer to maintain that plan. As long as we are given a clear rationale for your decision not to pay off these debts, we are frequently able to offer assistance.

Loans for the self-employed cater to those who run their own businesses and may possess distinctive financial profiles. If you’re self-employed, you might struggle to present the conventional proof of income that lenders typically demand.

This is where low documentation (low doc) business loans are beneficial. They are designed with reduced paperwork needs, enabling you to secure the necessary funding without enduring the burden of extensive documentation. These loans are ideal whether you’re just beginning your entrepreneurial journey or you’ve been channeling your earnings back into your enterprise.

Asset finance is a financing method that enables businesses to obtain assets like machinery or vehicles without incurring the full cost immediately. The asset itself acts as security for the finance, simplifying the process for businesses to get the capital they require. Engaging with an asset finance broker can aid you in securing the most favorable terms and interest rates for your asset financing requirements. Our brokers possess comprehensive expertise in the asset finance sector and can guide you through the intricacies of arranging finance tailored to your particular asset needs.

Being prepared is essential. Reach out to Yes Loans before you submit your application to ensure you know which documents you’ll need to provide. These documents are crucial for supporting your loan application and for responding to inquiries regarding your financial situation, business strategy, and future plans.

Often, your lender will request financial statements, also known as accountants’ figures or profit and loss statements, to get a quick overview of your business’s performance. These reports offer lenders insights into your ability to keep up with repayment obligations. It’s important to ask which specific reports you’ll need to submit and understand the implications of submitting reports that don’t meet the expected standards.