Frequently Asked Mortgage Questions

Potentially, yes.

This can sometimes be done with bridging finance or a carefully managed sale-and-purchase strategy. It can be helpful if you find the right property before selling, but you need to understand the repayments, timing and risks if your current home takes longer to sell.

Many investment loans are strongest at 80% loan-to-value ratio or below, which generally means a 20% deposit plus purchase costs.

Some lenders may allow higher borrowing, but rates, LMI, servicing and policy can become more important.

Yes, if you have enough usable equity and can afford the new lending.

Equity can sometimes be used as the deposit and costs for an investment property. The loan structure is important, especially when considering tax, risk, cash flow and future flexibility.

Yes. Commercial property loans are available for business owners wanting to purchase their own premises, acquire investment commercial property, or develop commercial real estate. Assessment differs from residential lending — lenders focus on the business’s cash flow, the property’s income potential, and overall exposure. LVR limits are typically 65–75% for commercial property. Paddy accesses specialist commercial lenders through his Loan Market panel who work with Geelong businesses of all sizes.

For straightforward vehicles under $150,000 with a standard business structure, approval can often be arranged within 24–48 hours through the right lender on Paddy’s commercial panel. For larger or more specialised assets, timelines vary. If you have a time-sensitive purchase, tell Paddy upfront — he identifies the fastest-moving lenders while ensuring the rate and structure remain competitive.

With a chattel mortgage, your business owns the asset from day one and can claim the full GST upfront. With hire purchase, the finance company owns the asset during the term and title transfers to you on final payment — GST is spread across repayments. The right choice depends on your GST registration, accounting method, and tax position. Paddy strongly recommends confirming the right structure with your accountant before deciding. Read the full comparison: Chattel Mortgage vs Hire Purchase.