Mortgage Broker in Preston, VIC
Home Loans Investment Loans and Refinancing for Preston VIC Residents
Blue Lion Lending is a mortgage broker serving Preston and the broader inner north Melbourne community. Whether you are buying your first home, upgrading, downsizing, or growing a property portfolio, we search across 40+ lenders to find a loan that suits your situation. We work with you from the first conversation through to settlement and beyond.
Preston's property market attracts a wide range of buyers, from young professionals and families to experienced investors. The suburb offers a mix of character Californian bungalows, post-war homes, and newer townhouse developments, with median house prices generally sitting in a range that appeals to buyers priced out of closer inner-city suburbs. Demand has remained solid, driven by Preston's strong transport links via the Mernda and South Morang train lines, a thriving High Street retail strip, and a genuine community feel.
As your mortgage broker in Preston, Blue Lion Lending helps you access home loan options from more than 40 lenders across Australia. We assess your borrowing capacity, explain your interest rate options including fixed and variable rates, and help you understand loan-to-value ratios and lenders mortgage insurance. Whether you are purchasing a period home on a quiet street or a townhouse close to the station, we match you with a loan structure that works for your goals and your budget.
Buying your first home in Preston, Victoria is an exciting step, and there are several government schemes designed to reduce your upfront costs. The Federal Government's First Home Guarantee Scheme allows eligible buyers to purchase with as little as a 5% deposit without paying lenders mortgage insurance. The Victorian First Home Owner Grant may also apply if you are purchasing a newly built property. Stamp duty concessions are available for properties valued under $600,000, where eligible first home buyers receive a full exemption, and a partial concession applies for properties valued between $600,000 and $750,000.
Blue Lion Lending guides first home buyers through each of these schemes, helping you understand what you qualify for and how to structure your application to take full advantage. We handle the paperwork, liaise with lenders, and make sure you go into the process informed and prepared. Preston offers genuine value for first home buyers willing to act decisively, and having your finance ready before you start inspecting makes a real difference in a suburb where well-priced properties move quickly.
Many Preston homeowners refinance to secure a lower interest rate, reduce monthly repayments, access equity for renovations or investment, or consolidate debt into a single manageable loan. If your current loan was set up more than two years ago, there is a strong chance the market has moved and a better option exists. Blue Lion Lending compares refinancing options across 40+ lenders to identify where you can genuinely save, and we handle the switch from start to finish.
We also help Preston homeowners who want to use their equity to fund a renovation, purchase an investment property, or build wealth through their existing asset base. Our team reviews your current loan structure, calculates what refinancing could save you over the life of the loan, and presents options clearly so you can make a confident decision. Refinancing does not have to be complicated, and with the right mortgage broker in Preston on your side, it rarely is.
Preston continues to attract property investors drawn by its relative affordability, strong rental demand, and proximity to Melbourne's CBD. Whether you are purchasing your first investment property or adding to an existing portfolio, Blue Lion Lending helps you access investment loan options structured to suit your strategy. We explain the differences between interest-only and principal and interest loans, help you understand how your debt-to-income ratio affects your borrowing capacity, and identify lenders whose policies align with your investment goals.
Beyond home loans and investment loans, Blue Lion Lending also assists with construction loans for those building new in Preston or nearby suburbs. We are accredited members of the Mortgage and Finance Association of Australia (MFAA) and the Property Investment Professionals of Australia (PIPA), which means we are professionally qualified and legally obligated to act in your interests at all times.
We are also connected to a trusted network of conveyancers, financial planners, and property professionals across Preston and greater Melbourne. If you need support beyond the loan itself, we can point you in the right direction. Use our stamp duty calculator or borrowing power calculator to get a clearer picture of your position before we speak.
Step 1: Initial Meeting
Your first conversation with Blue Lion Lending is about understanding your goals. Whether you are purchasing your first home in Preston, Victoria, investing in property, or looking to refinance, we take the time to understand your financial situation, what you are trying to achieve, and any specific conditions that may apply. We walk you through borrowing capacity, loan options from a wide range of lenders, interest rates, loan-to-value ratios, and any lenders mortgage insurance considerations.
Step 2: Financial Assessment
We conduct a thorough review of your financial position, including income, bank statements, assets, liabilities, credit history, and savings. This gives us a clear picture of how much you can borrow and what your repayments might look like. We also identify whether you qualify for any interest rate discounts or government schemes such as the First Home Guarantee or Victorian First Home Owner Grant.
Step 3: Loan Selection
Based on your situation, we research and present loan options from across our lender panel. These are tailored to your needs, whether you are looking for a fixed rate, a variable rate, or a loan with an offset account. We explain the loan-to-value ratio for each option and help you weigh up the pros and cons so you can make a well-informed decision.
Step 4: Pre-Approval
Pre-approval gives you a clear budget and strengthens your position when making offers on Preston properties. We manage the pre-approval process, ensuring all required documents including tax returns, payslips, and bank statements are submitted correctly. In a suburb where well-priced properties attract strong interest, being pre-approved means you can act with confidence.
Step 5: Application Submission
Once you have selected your loan, we manage the full application process. We submit your application, provide all required documentation, and handle all communication with the lender. If the lender has questions or needs additional information, we take care of it so you do not have to.
Step 6: Approval and Settlement
After approval, we help you review the final loan agreement, making sure you understand the interest rate, fees, and repayment schedule before you sign. We assist with setting up your repayment structure and coordinate with all relevant parties to ensure settlement goes smoothly. Once settlement is complete, the property is yours.
Step 7: Ongoing Support
Our relationship does not end at settlement. As your mortgage broker in Preston, we remain available to help you manage your loan, explore refinancing options as your circumstances change, or plan your next property purchase. We are here for the long term, not just the transaction.
Blue Lion Lending is a mortgage broker serving Preston and the inner north Melbourne community. We work with Preston residents at every stage of their property ownership, from first home buyers entering one of Melbourne's most popular northern corridor suburbs for the first time, to experienced investors growing a portfolio across Preston's mix of post-war homes, renovated Californian bungalows, and newer townhouse and apartment developments.
Preston's property market has seen consistent demand from families, young professionals, and investors attracted by the suburb's relative affordability compared to its inner north neighbours, a strong community feel, and excellent connectivity via the Mernda and South Morang train lines. In a market where well-located properties attract strong offers quickly, having your finance sorted before you start inspecting makes a genuine difference.
We are accredited members of the Mortgage and Finance Association of Australia (MFAA) and the Property Investment Professionals of Australia (PIPA), which means we are professionally qualified and legally obligated to act in your interests. Think of us as your advocate with the lenders. We handle the research, the paperwork, and the lender negotiations so you can focus on finding the right property in Preston, Victoria.
We are also connected to a trusted network of conveyancers, financial planners, and property professionals across Preston and greater Melbourne. If you need support beyond the loan itself, we can point you in the right direction. Whether you are buying your first home, refinancing to access equity, or looking to expand an investment portfolio across Melbourne's northern corridor, our team is here to deliver a straightforward process and a strong outcome.
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Lee and the team at Blue Lion Lending were absolutely brilliant. They were extremely responsive, thorough with every detail, supremely professional in their advice and guidance, and made the whole process so easy. I can highly recommend and would definitely work with the team again.
Shannon Gill
Lee helped us with our mortgage 5 years ago and he was so helpful that we had to ask him for assistance again for our investment property. He is super knowledgeable and efficient and although we asked him a million questions, he walked us through every step of the way until he found us the best home loan. He never hesitated to jump on calls even after hours for any concerns we had. We recommend his services to anyone looking for a mortgage broker service! 5 stars!
Yoomi Lee
I have done multiple loans with Lee and always provided an excelent service. Lee and the team are proffesional, responsive and got great knowledge. I fully reccomend Blue Lion Lending
Carlos Soffia
My experience with mortgage brokers previously had been mixed, and had even questioned a broker’s value… Then I met Lee and the team at Blue Lion Lending who were nothing short of brilliant in pursuing the mortgage product that was ‘right’ for the property. I cannot thank the team enough, they are brilliant at what they do, are super engaged, easy to work with, and demonstrated heroic perseverance through what became a tough application. Thank to Lee and the team.
Dan Ash
Lee Pattison and the team were just brilliant to work with. Protecting our interests the whole time and getting the best overall deal. Would recommend Lee any time. Terrific operator.
Michael Ducie
I used Blue Lion Lending for my loan in October 2025, and I couldn’t be happier with the experience. I was matched with broker Lee Pattison through a third‑party platform and had no prior relationship with him. I’ll admit I was a little hesitant at first, but that concern disappeared almost immediately. From the very first interaction, Lee was exceptional. He was organised, transparent, and genuinely committed to securing the best possible outcome for me. He finalised the entire process within two weeks, which is remarkable given how complex loan applications can be. Lee explained every step clearly, kept me updated throughout, and turned what could have been a stressful experience into something smooth and straightforward. His professionalism, communication, and attention to detail truly stood out. I highly recommend Blue Lion Lending, and especially Lee Pattison, to anyone looking for a broker who genuinely cares about their clients and delivers outstanding service.
Nic C
The timeline can vary depending on the lender, the complexity of your application, and how quickly documentation is provided. In straightforward cases, a loan can be conditionally approved within a few business days of submitting a complete application. Full or unconditional approval typically follows once the lender has completed their assessment of the property and your financial position. Settlement then takes place according to the terms of your contract of sale. From start to finish, the process often takes several weeks, though this can be shorter or longer depending on the circumstances. At Blue Lion Lending, we keep you informed at every stage so you are never left wondering where things are up to or what is needed from you next.
When you go directly to a bank, you are limited to the products that bank offers. A mortgage broker has access to a panel of lenders, which means we can look across a broader range of options to find one that suits your needs. Banks are also focused on their own products and policies, whereas our job is to work in your interest. Beyond product access, brokers add value through the application process itself. We know what lenders look for, how to present your application clearly, and how to manage the process so things move efficiently. For many people, the home loan process is one of the most significant financial decisions they will make. Having experienced support throughout that process is something most clients find genuinely worthwhile.
The deposit required will depend on the type of loan, the lender, and your individual financial situation. In general, a deposit of 20 per cent of the property's purchase price allows you to avoid paying Lenders Mortgage Insurance, which is a cost that protects the lender if you default on the loan. However, some lenders will consider applications with a smaller deposit, and there are government schemes available to eligible buyers that can reduce the deposit required. It is important to understand that a smaller deposit usually means borrowing more, which affects your repayments over the life of the loan. We will walk you through what your deposit means for your borrowing position and help you understand all the costs involved before you commit to anything.
A mortgage broker acts as the link between you and a range of lenders. Rather than going directly to a single bank and taking whatever they offer, a broker does the legwork of researching loan options across multiple lenders to find one that suits your situation. At Blue Lion Lending, we handle the paperwork, communicate with lenders on your behalf, and guide you through each stage of the loan process from application through to settlement. This matters because the home loan market in Australia is broad and can be difficult to make sense of on your own. Having someone in your corner who understands how lenders assess applications, what documentation is required, and how to present your financial position clearly can make a real difference to the outcome.
In most cases, mortgage brokers in Australia are paid a commission by the lender once your loan settles. This means you typically do not pay us directly for our broking services. The commission is paid by the lender, not added on top of your loan. We are required by law to disclose any commissions we receive, and we will always be upfront with you about how we are compensated before you commit to anything. Our obligation under Australian credit law is to act in your best interests, which means the recommendations we make are based on what suits your needs, not on which lender pays us the most. If any fees do apply in your situation, we will tell you clearly before any work begins.
Refinancing means replacing your existing home loan with a new one, either with your current lender or a different one. People refinance for a range of reasons, including wanting to change their loan structure, access equity in their property, consolidate debts, or move to a loan that better suits their current circumstances. It is worth reviewing your home loan regularly because your financial situation and goals change over time, and the loan you took out several years ago may not be the most suitable option for where you are now. Refinancing does come with costs, including discharge fees from your current lender and application fees with the new one, so it is important to weigh those up carefully. We can help you understand whether refinancing makes sense for your situation.
We assist clients with a wide range of lending needs. This includes home loans for owner-occupiers, investment property loans, refinancing existing mortgages, construction loans, and loans for those purchasing land. We also work with clients who need to access equity in their existing property. Each of these loan types has its own set of requirements, structures, and lender criteria, and understanding which product fits your goals is an important part of what we do. We take the time to understand what you are trying to achieve before making any recommendations. Our focus is on finding a loan that works for your circumstances now and holds up well as your situation changes over time.
Lenders require documentation to verify your identity, income, expenses, assets, and liabilities. For most applicants, this includes recent payslips, tax returns, bank statements, identification documents, and details of any existing debts or financial commitments. If you are self-employed, you will generally need to provide business financial statements and tax returns covering the past two years. The exact documents required will depend on your situation and the lender being approached. We will give you a clear list of what is needed before you start gathering anything, so you are not wasting time pulling together documents that are not relevant. Being organised with your paperwork from the beginning helps avoid delays in the assessment process.
We work with clients in Hawthorn and right across Victoria. Whether you are buying your first home, looking to refinance an existing loan, investing in property, or building a new home, we work with people at all different stages of their property journey. We also work with self-employed borrowers, people with complex income structures, and those who may have had difficulty getting a loan through a traditional bank. Our role is to understand your individual circumstances and connect you with lenders who are well suited to your situation. We do not take a one-size-fits-all approach because no two clients are the same, and the right loan structure for one person may not be right for another.
Informed Finance Pty Ltd ABN: 65 646 587 957. Credit Representative #476865 is authorised under Australian Credit Licence #389328
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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