Wynyard mortgage broker
Wynyard mortgage broker
A mortgage broker
who knows Wynyard.
We can help you understand how much you may be able to borrow and compare competitive home loan rates across 35+ lenders. We will find a loan that suits your circumstances, at no cost to you.
35+
Lenders
10+
Years experience
1,000+
Clients helped
$0
Cost to you
About Wynyard
What the Wynyard market actually looks like
History of Wynyard
Named after Lieutenant General Edward Wynyard, who commanded the colonial forces in the 1850s, with Wynyard Park in front of the station one of the oldest public open spaces in the city. The station opened in 1932 and remains one of the busiest in the state. Wynyard Walk opened in 2016, linking the station under the streets to Barangaroo.
Wynyard property market
Predominantly offices. York, Clarence, Kent and Margaret Streets are lined with commercial buildings, many of them strata offices and several heritage listed from the nineteenth century warehouse era. Housing here is limited and takes unusual forms, from residential penthouses above office floors to converted heritage buildings and a considerable amount of serviced and long stay apartment stock.
Wynyard property prices
Hard to generalise, because so little permanent housing trades and what does is varied. A converted apartment in a heritage building, a penthouse above commercial floors and a compact studio are three very different propositions in the same few streets. Levies also vary widely depending on what else is in the building.
Borrowing in Wynyard
The property type does most of the work here. Where a building mixes residential with commercial floors, or where an apartment sits under a serviced or managed arrangement, lenders take quite different views and some will not lend at all. That is worth establishing on a specific address before you commit rather than after a valuation.
Wynyard is one of the areas we cover across the Sydney CBD, and the one where the housing takes the most unusual forms.
Found something
a bit unusual?
Serviced apartments, converted buildings and homes above offices are all treated differently. Send us the address first.
Your broker
Meet Ali Hasani
Ali Hasani is the founder of Buyvest. He has worked in home loans for more than ten years, a lot of it at Commonwealth Bank. We meet clients face to face, or by phone, Zoom and Teams, at night and on weekends as well as work hours. We take your loan to 35+ lenders, compare the numbers, and show you the options. Ali is an MFAA accredited broker with a Diploma of Finance and Mortgage Broking Management and a Post Graduate in Accounting.
Self employed and
working in the city?
Your tax return rarely shows what you can actually service. Lenders differ on what they add back.
Client stories
How we helped
Three real situations, and what actually happened in each one.
Their books told half the story.
A self employed consultant whose tax return showed a modest figure at the bottom, which is what their bank assessed them on. It was not what they genuinely had available. We worked through the add-backs, the items that reduced the taxable figure without costing cash, and took the position to lenders whose policy recognised them. That difference was the loan.
They had never asked a lender.
They had a solid deposit and had settled on a figure they believed was their limit, without ever putting it in front of anyone. It was a guess and it was well short of the mark. Once we ran their position properly across the panel, the number came back a long way above what they had assumed, and they had spent months searching in a bracket they were never confined to.
The guarantee finally came off.
Their parents had guaranteed part of the loan years earlier and nobody had gone back to it since. Once the property had moved in value and the balance had come down, the borrowing sat comfortably below the point where the guarantee was needed. We arranged the release. No lender does this unprompted, so it can sit in place long after it has stopped serving any purpose.
These are past client stories, with details changed for privacy. Your own result depends on your situation and what the lender decides.
Free guides
What to know before you buy
Three free guides covering how a Wynyard purchase actually runs, from pre-approval to settlement.
Home loan pre-approval
What it covers, and how long it lasts.
Read the guide
Choosing a home loan
Fixed, variable, offset and redraw.
Read the guide
Settlement day
What has to be ready before then.
Read the guide
Read the free guides in the Loan Vault to know how the home buying process works in NSW.
What we do
Home loans for every Wynyard plan
First home
Learn more
Next home
Learn more
Investment property
Learn more
Refinancing
Learn more
Construction loans
Learn more
Bridging loans
Learn more
Guarantor loans
Learn more
No LMI and waived LMI
Learn more
Self employed home loans
Learn more
Not sure where to start? See what a mortgage broker actually does.
When did you last
check your rate?
We compare your current home loan against 35+ lenders. If a refinance saves you money we will show you the numbers, and if it does not we will tell you that too.
Your job matters
Home loans by profession
Some lenders drop lenders mortgage insurance for certain jobs, and a great many of those jobs are done in the buildings around Wynyard. The lists and the limits differ from one lender to the next.
Home loans for
Doctors
Learn more
Home loans for
Dentists
Learn more
Home loans for
Accountants
Learn more
Home loans for
Lawyers
Learn more
Not sure if your job is on a list? See No LMI and waived LMI home loans, or ask us and we will check every lender on our panel.
Plan ahead
Run the numbers
Free tools that show you where you stand right now.
How it works
Three steps to your loan
1
Financial health check
2
Get pre-approved
3
Settle, then stay in touch
Client reviews
5.0 ★★★★★ on Google
Reviews from clients across Sydney.
★★★★★
"Cannot recommend Ali highly enough. He made a complicated and daunting process incredibly easy, and continually went above and beyond. Would absolutely recommend him to everyone."
★★★★★
"Ali is super knowledgeable, reasonable and personable! He will be realistic with what is possible but always find you the best deal whilst making you feel looked after."
★★★★★
"Ali is a maestro with a wealth of experience in home lending business, mixed with excellent people skills. His professional and supportive approach is a safe pair of hands to work with to get the required funds for your goal in the property market."
FAQ
Wynyard questions, answered
Why use a mortgage broker at Wynyard?
Because the housing here is limited and often unusual, and lenders take very different views of unusual property. A single bank tells you its own position and only after you have applied. We compare 35+ lenders at no cost to you, prepare the application properly and manage it through to settlement. Brokers also work under a legal obligation called the Best Interests Duty.
What documents will I need?
Identification, recent payslips and a payment summary if you are employed, or two years of tax returns and financials if you work for yourself. Add statements for your everyday accounts, savings and any existing loans or credit cards. If you are buying, the contract as well. We will tell you exactly what is needed at the start rather than asking for things in dribs and drabs.
Does applying affect my credit score?
Each formal application leaves an enquiry on your credit file, and several in a short period can look like you are struggling to get approved. That is a reason to prepare one application properly rather than lodging with a few lenders to see who says yes. Part of what we do is work out which lender suits before anything is submitted.
Can I get a home loan if I am self employed?
Yes, and how it is presented makes a considerable difference. Most lenders want two years of tax returns and financials, though some will work with one year and a few look at business bank statements instead. Lenders add back items that reduced your taxable figure without costing cash, and what each allows differs, so two lenders can read the same return and arrive at very different incomes.
What are add-backs?
They are amounts subtracted in your accounts that did not actually leave your pocket during the year, commonly depreciation, one off expenses and additional superannuation contributions. Lenders add them back to work out what you genuinely have available to service a loan. Getting them identified and evidenced properly is often the difference between an approval and a decline.
How much deposit do I need?
Twenty per cent avoids lenders mortgage insurance. Buying with less is possible where you pay the insurance instead, and some occupations can have it waived entirely, which matters given how many people working in this part of the city are on one list or another. If you already own property, equity generally does the job in place of cash.
What is lenders mortgage insurance?
A one off premium charged when your borrowing exceeds eighty per cent of the property value, and it covers the lender rather than you. It can usually be added to the loan instead of paid up front. A larger deposit removes it, as can a professional waiver with certain lenders, a family guarantee, or the Australian Government 5% Deposit Scheme if you are eligible.
Would the 5% Deposit Scheme apply here?
It depends entirely on the property and the price. The Australian Government 5% Deposit Scheme lets an eligible first home buyer purchase with a 5% deposit and pay no lenders mortgage insurance, with Housing Australia guaranteeing the gap to 20%. There is a property price cap and eligibility conditions, and the property still has to be one a scheme lender will accept, which matters more here than in most places.
How does a guarantor loan work?
A family member offers part of the equity in their property as extra security behind your loan. They take on none of your repayments and no money changes hands between you. Most are limited guarantees covering a defined portion rather than their whole home. Once your loan has come down far enough the guarantee can be released, though someone has to ask for it.
How long does pre-approval last?
Around ninety days as a rule, and it can be renewed with updated payslips and statements. It tells you what a lender will consider based on your position so you can look with a real figure. It is not approval on a particular property, and with the sort of buildings here that second step is where the questions usually arise.
What happens between approval and settlement?
The lender values the property, issues formal approval, then prepares loan documents for you to sign and return. Your solicitor and the lender coordinate the settlement date, and funds move on the day. Most of the waiting sits with the valuation and the documents. Where a property is unusual, allowing a little extra time in the contract is sensible.
How long does settlement usually take?
A standard purchase contract in New South Wales commonly runs six weeks from exchange, though it can be negotiated shorter or longer. The finance needs to be in place well before that date rather than on it. If anything about the property is likely to slow a lender down, it is far better to build that into the contract than to seek an extension later.
What reduces my borrowing capacity?
Credit card limits regardless of what you owe, existing loan repayments, ongoing commitments, study debts and dependants. Lenders also test whether you could repay at a rate well above the one you will be charged. Reducing or closing facilities you no longer use frequently makes more difference than the rate you eventually secure.
Do strata levies affect the assessment?
Yes, because levies count as an ongoing commitment. In a building that mixes residential with commercial floors, or one with substantial plant and services, the levies can be higher than a straightforward residential block. That reduces borrowing capacity relative to a plainer building at the same price, so it is worth knowing the figure before you commit.
What is an offset account?
A transaction account linked to your loan, where the balance is deducted before interest is calculated. Money held there reduces the interest you pay while remaining fully accessible. It suits anyone who carries a working balance or whose income arrives unevenly. Loans with an offset can carry a slightly higher rate or annual fee, so it depends on the balance you keep.
Offset or redraw?
Offset money stays in your own account and never becomes part of the loan. Redraw money has already been paid in as extra repayments, and the lender allows you to take it back under terms it can change. Offset gives cleaner access, which matters if you are self employed and your cash flow moves around. Redraw generally sits on simpler loans at a lower rate.
Should I fix the rate?
Fixing sets your repayment for an agreed period, which suits people who want a predictable outgoing, particularly where income varies. You forgo the benefit if rates fall. Variable follows the market and normally keeps an offset and unlimited extra repayments. Fixed loans commonly cap extra repayments and can carry break costs if you exit early.
Can I split the loan?
Yes, and most lenders allow it without extra cost. A split divides the borrowing into portions carrying different rates or terms, so you might fix one part for certainty and leave another variable with an offset attached. For someone with irregular income that combination is genuinely useful, and lenders rarely raise it unprompted.
Interest only or principal and interest?
Principal and interest reduces the balance and costs less across the life of the loan. Interest only holds the repayment down for a period without touching what you owe, so the debt is unchanged when the period ends and the repayment then steps up. It appears far more on investment lending, where the tax side belongs with your accountant.
Can I make extra repayments?
On a variable loan, usually without limit, and each extra dollar reduces the interest charged from that day forward. Fixed loans typically cap what you can pay ahead each year and charge once you exceed it. If your income arrives in lumps and you intend to put some against the loan, check that cap before fixing.
Are cashback offers worth chasing?
They come and go, and they are worth counting rather than being drawn in by. A cashback is a one off amount, while the rate applies for as long as you hold the loan, so a slightly higher rate can cost more than the cashback returns within a couple of years. We will show you the total position rather than the headline.
When is refinancing worth looking at?
Two years without a comparison is the usual trigger, because the pricing offered to a new customer and the pricing left on an existing loan drift apart quietly. The end of a fixed period is another. So is a change in how you earn, since a lender that reads self employed or variable income more generously can produce a very different result on the same file.
What does refinancing cost?
Expect somewhere between a few hundred dollars and a thousand all up. Your existing lender charges to discharge, the government charges to register the change, and the incoming lender may add settlement or valuation fees, though a good number waive those. On a fixed rate the break cost is the figure that decides it, so we establish that before anything else.
Does the loan term reset when I refinance?
It does unless you ask otherwise, because refinances default to a fresh thirty year term. That makes the repayment look smaller while quietly adding years of interest and handing back progress already made. Ask for the remaining term instead. No lender raises this for you, so it needs requesting every time you move.
Can I buy my next home before selling this one?
Yes. One route is bridging finance, where the lender funds the purchase while the old property is still for sale and the sale proceeds clear the bridge. The other is releasing equity from what you own to fund the purchase outright, then selling when you choose. Equity and whether your income covers both loans for a period decide which is open to you.
How much equity can I use?
Broadly eighty per cent of what the property is worth today, less what you still owe, with lenders mortgage insurance generally returning past that. Where the property is unusual, the valuation is worth establishing properly rather than assuming. What your income supports usually sets the practical limit rather than the equity itself.
Can equity fund an investment purchase?
Yes. Rather than saving a second deposit, you release equity from a property you already own to cover the deposit and costs on the investment, so nothing comes out of savings. Two loans result, one secured by each property, and keeping them separate preserves your flexibility. Your accountant should review the structure before it is set up.
How much of the rent will a lender count?
A portion rather than all of it. Expected rent is discounted for vacancy, management and running costs, with the amount varying between lenders, and the loan is assessed at a rate above the one you actually pay. Levies then come off as an expense, which is what makes an apartment assess differently from a house at the same price.
The property is unusual. Does that matter?
It can, considerably, and this is where a general answer is no help at all. Serviced or managed apartments, homes above commercial floors, converted heritage buildings and very compact apartments are all treated differently by different lenders, and some will not consider them. Those positions also change. Send us the address before you make an offer and we will check the panel.
Do we have to meet in person?
No, and for people working in the city that is usually the point. Everything runs by phone, Zoom or Teams, with documents shared and signed electronically, so nothing has to happen during your working day. If you would rather meet face to face we come to you, including weekday evenings and weekends.
Your Wynyard mortgage broker
Your home loan.
Made simple.
Free check. No pressure. 35+ lenders compared at $0 cost to you.
Wynyard sits in the northern half of the city between the harbour and Town Hall. Sydney surrounds it, Martin Place is a block east and Barangaroo is west at the end of Wynyard Walk. Circular Quay is north, with Town Hall, World Square, Chinatown and Haymarket running south. Across the bridge sit Milsons Point, Kirribilli North Sydney and McMahons Point. We cover all of them, so if your search shifts a suburb or two, you are not starting from scratch.