Peasy Frequently Asked Questions

Not necessarily. Peasy works with 30+ lenders across Australia, and in some cases your existing bank may still be a suitable option. If another lender is a better fit, it doesn’t automatically mean you need to move all your everyday banking. It depends on the loan structure, features and lender requirements.

We’ll walk you through the trade-offs so you can make a clear, informed decision.

Earlier than most people think. You don’t need to have found a property, chosen a lender or even finalised your deposit before speaking with Peasy. In fact, speaking early can help you understand what’s realistic, what you should prepare and what your next steps look like.

Many clients come to us while they’re still exploring options, whether that’s buying, refinancing, investing or just trying to understand their position.

Earlier than most people think. You don’t need to have found a property, chosen a lender or even finalised your deposit before speaking with Peasy. In fact, speaking early can help you understand what’s realistic, what you should prepare and what your next steps look like.

Many clients come to us while they’re still exploring options, whether that’s buying, refinancing, investing or just trying to understand their position.

Yes. We know life gets busy, so we at Peasy offer flexible ways to connect including phone, video meetings and online communication where suitable. The first step is usually a simple conversation to understand what you’re trying to achieve and what support you need.

Our goal is to make the process easy and accessible, without needing you to rearrange your schedule before we even begin.

Start by understanding what you can afford and what the process involves. Before searching seriously, it helps to know your borrowing capacity, deposit position, repayments, upfront costs and potential risks.

Peasy can walk you through your options, explain different buying scenarios and help you understand how finance and property decisions work together so you can move forward with clarity.

Possibly, depending on your situation. Some buyers may be able to use options like a family guarantee, where an eligible family member uses equity in their property to support the loan. This can reduce deposit requirements, but it is a serious financial commitment and needs to be fully understood.

Our Peasy mortgage brokers can explain how lenders assess this and what responsibilities are involved.

Timeframes vary depending on the property, lender, contract terms and settlement arrangements. Once contracts are signed, settlement typically takes several weeks, but exact timing should be confirmed with your conveyancer or solicitor. On the finance side, Peasy manages the loan process, lender communication and key milestones to keep everything moving and ensure you’re supported throughout.

Buying property usually involves more than just you and your mortgage broker.

Depending on your situation, you may need support from a conveyancer or solicitor, accountant, buyer’s agent, financial planner or other qualified professional.

• A conveyancer or solicitor can help with the contract and settlement.
• An accountant may be useful if there are tax or ownership considerations.
• A buyer’s agent may help with property selection and negotiation.
• A financial planner may help if you need broader financial advice.

Peasy provides mortgage broking and credit guidance, and we can work alongside your broader support team where needed.

Start with the end in mind.

Before looking at properties, it’s worth asking why you want to invest, what you want the property to help you achieve and how it may fit into your longer-term plans.

• Are you trying to build a portfolio?
• Create future flexibility?
• Use equity?
• Diversify your property position?
• Hold for the long term?

Those answers can influence the loan structure, lender choice and borrowing strategy. At Peasy, we help you understand the lending options and considerations that may support your property investment goals.

Start with the end in mind.

Before looking at properties, it’s worth asking why you want to invest, what you want the property to help you achieve and how it may fit into your longer-term plans.

• Are you trying to build a portfolio?
• Create future flexibility?
• Use equity?
• Diversify your property position?
• Hold for the long term?

Those answers can influence the loan structure, lender choice and borrowing strategy. At Peasy, we help you understand the lending options and considerations that may support your property investment goals.

Property investing can come with risks, including loan repayments, rates, insurance, maintenance, vacancy periods, interest rate changes and cash flow pressure.

Peasy can help you understand the lending side, including repayment scenarios, borrowing structure and lender options. For financial, tax or investment advice, it’s best to speak with a qualified adviser.

Positive gearing generally means the rental income is higher than the property expenses. Negative gearing generally means the expenses are higher than the rental income.

These structures can have tax implications, so it’s important to speak with an accountant or qualified tax adviser. From a lending perspective, Peasy can help you understand how the property, rental income, loan structure and lender policy may affect your borrowing options.