FAQ
Frequently Asked Questions
Who is Hew Lane?
In essence we are a finance & mortgage broker. But our mission is to deliver tailored finance solutions with honesty, care and expert guidance, empowering every client to move forward with certainty.
Do I pay to use Hew Lane’s services?
No. Hew Lane does not charge the customer for the service we provide.
How does Hew Lane get paid?
Lenders pay us to help you get a great loan. Why? Because you’re valuable—and we do the legwork they usually would. We don’t play favourites; we’re legally bound to act in your best interest and
you’ll never pay more with us. It’s simple: we’re on your team. And we disclose everything.
Am I ready to chat to Hew Lane?
If you have a property goal whether it is buying or refinancing, you're ready to chat with Hew Lane. From there we'll help you make the moves to get wherever you're going!
What is LMI?
Lender’s Mortgage Insurance (LMI) is a type of insurance that protects the lender in case the borrower defaults on their home loan. It’s typically required if your deposit is less than 20% of the property’s purchase price.
Why do I need a conveyancer?
A conveyancer is a legal expert who manages the transfer of property ownership. They handle contracts, legal checks, and settlement to ensure your transaction is compliant, secure, and hassle-free.
What does a buyer's advocate do?
A buyer's advocate also known as a buyer’s agent is a licensed real estate professional who works exclusively on behalf of the property buyer, not the seller. Their role is to make the purchasing process smoother, smarter, and more strategic.
What’s the difference between a fixed and variable rate?
A fixed rate home loan locks in your interest rate for a set term—offering repayment certainty and easier budgeting. A variable rate home loan moves with the market—potentially lowering costs when rates drop but increasing repayments when they rise. The choice depends on whether you value predictability or flexibility, this is where we come in to help you understand the options that best work for you!
What are some of the costs I should consider for buying a home?
Buying a home involves several costs beyond the purchase price, including:
• Stamp Duty: A state government tax based on the property value.
• Lender’s Mortgage Insurance (LMI): Required if your deposit is less than 20%.
• Legal Fees: Costs for conveyancing and legal advice.
Building and Pest Inspections: Fees for inspecting the property condition.
• Loan Fees: Application, valuation, and settlement fees charged by the lender.
• Moving Costs: Expenses related to relocating to your new home. Budgeting for these additional costs is crucial to ensure you have sufficient funds to complete your home purchase smoothly.