Whole of market, one conversation
One set of documents, priced across the entire 40+ lender panel. Including broker-only wholesale rates the Hobart branch never advertises.
Hobart-based. Australia-wide. Zero quotas.
Tasmania's independent mortgage broker.
Your bank shows you one rate. We shop 40+.
A branch lender in Hobart is paid to hit the bank's targets. We are legally bound to hit yours. Modern Lending is an independent brokerage comparing 40+ lenders for first home buyers, refinancers and investors across Tasmania and the rest of Australia.
- Lenders on panel
- 40+
- Sales quotas
- Zero
- Cost to you
- $0
- Rate rechecks
- For life
The independent advantage
Why choose an independent mortgage broker in Tasmania over a big bank?
Walk into a Hobart branch and you are talking to a salesperson with one product shelf. They cannot tell you a competitor has a sharper rate, because they are not allowed to know and not paid to care. Their job is to keep you inside that building.
An independent broker inverts that completely. We hold accreditations across 40+ banks, mutuals and non-bank lenders, including smaller regional lenders who price Tasmanian properties very competitively, and the Best Interests Duty requires us to recommend the loan that serves you. Not the one that serves a quarterly target.
The difference compounds over time. The right structure on day one, an offset account used properly, a rate repriced every year instead of never. Over a 30-year loan that is not a rounding error. It is years of your working life handed back.
This is why brokers now write the clear majority of new Australian home loans. Borrowers across Hobart, Launceston, Devonport and Burnie worked out where the real leverage is. It is not at the branch counter.
Advisory, not transactional
Loan structure, offset strategy, equity release timing. We optimise the 30-year arc of your finances, not just the settlement date.
Lifetime rate checking
Every year, automatically, we re-test your rate against the market. If your lender drifts, we reprice or move you. The loyalty tax never gets its grip on you.
First home buyer loans Tasmania
Buying your first home in Tasmania? There are three free money schemes most people miss.
First Home Guarantee
5% deposit
Buy with as little as a 5% deposit and avoid Lenders Mortgage Insurance entirely. The federal government guarantees the remaining 15% for eligible buyers. Places are limited each financial year.
First Home Super Saver
Up to $50k
Withdraw up to $50,000 in voluntary super contributions toward your deposit. The tax advantages make this the highest-return savings vehicle available to most first home buyers.
Tasmania Duty Concession
Stamp duty cut
Tasmanian first home buyers may qualify for a concession on transfer duty, reducing the upfront cost of buying. Your broker navigates all three schemes simultaneously, not one at a time.
Eligibility rules, income caps and property price limits apply to each scheme. We assess your position against all three in the first 20 minutes.
The quiet cost of staying put
What is the bank loyalty tax? (And what does it cost Tasmanian borrowers?)
Banks advertise their sharpest rates to win new customers, then quietly leave existing customers on higher back-book rates. The gap between the two is the loyalty tax, and Reserve Bank research has repeatedly confirmed it: the longer you stay, the more you pay for the identical product.
On a median Hobart mortgage, even a 0.4% rate gap costs over $2,000 a year. Most loyal borrowers have been paying it for five years before anyone tells them.
The bank is betting you will never check. We are betting you will.
Year 1
Year 3
Year 5
Year 8
Rate drift on a typical back-book loan vs the front-book discount. Our annual recheck resets you to the front of the queue, every time.
The Freedom Calculator
See your savings gap. No email. No gate. No call-back ambush.
Drag the sliders. We compare a typical single-bank retail rate against an optimised rate from our 40+ lender panel. Figures are estimates for comparison, not credit advice or an offer.
Single bank
6.45% p.a.
$3,456/month
40+ lender panel
5.85% p.a.
$3,240/month
Estimates only, based on principal-and-interest repayments and an illustrative 0.60% panel advantage. Your actual rates depend on your scenario, lender and credit assessment. Modern Lending provides credit assistance under its Australian Credit Licence.
The choice matrix
How does a panel of 40+ lenders actually work? One door versus forty.
1 Walk into a major bank
- One lender. One product shelf. One "best" rate, which is theirs.
- Staff paid against internal sales targets, not your outcome.
- No Best Interests Duty. The legal duty runs to shareholders.
- New-customer discounts you stop qualifying for the day you sign.
- Rate reviews happen when you beg. The loyalty tax compounds quietly.
- Declined? Start the entire application over somewhere else.
40+ Sit down with Modern Lending
- 40+ banks, mutuals and non-bank lenders priced from one conversation.
- Zero quotas. We hold no internal targets for any lender on the panel.
- Best Interests Duty: legally required to recommend what serves you.
- Wholesale and broker-only rates the Hobart branch never advertises.
- Automated lifetime rate checking. Drift gets caught and repriced.
- Scenario declined by one lender? We already know which three want it.
How to get a home loan in Tasmania
Four small steps. No jargon, no mystery, no hold music.
-
Talk
A 20-minute call about your goals, not a sales pitch. Buying in Hobart, refinancing in Launceston or investing anywhere in Australia, we map what you are actually trying to do.
-
Compare
We price your scenario across the full panel and show you the genuine top options in plain English, with trade-offs spelled out. No 47-page document you will never read.
-
Settle
We package, lodge and chase your application all the way to settlement. You sign things. We do everything else, including the hold music your bank would have had you sit through.
-
Stay sharp
Every year we automatically re-test your rate against the market. If it drifts, we act. The loyalty tax never gets a grip on you again. That is the whole promise.
Straight answers
Questions about getting a home loan in Tasmania, answered straight
How do mortgage brokers get paid, and what does it cost me?
The lender you settle with pays us a commission. You pay nothing. The Best Interests Duty makes it illegal to recommend a loan because of its commission, so the recommendation only points at your interest. The rate you get through us is the same or better than walking in directly, because we negotiate from the wholesale side of the counter.
What first home buyer schemes are available in Tasmania right now?
Three run at once. The federal First Home Guarantee lets you buy with 5% deposit and skip LMI. The First Home Super Saver Scheme lets you withdraw up to $50,000 in voluntary super contributions for your deposit at a tax advantage. Tasmania also has its own first home buyer duty concession that reduces or eliminates stamp duty. Eligibility rules apply to each, and we assess all three in the first call.
Will using a broker slow down my approval?
Usually the opposite. We know every lender's live turnaround times and credit appetite, so your file goes to the lender that wants your scenario this week, packaged exactly how their assessors expect it. A branch lodges into a single queue and hopes. We route to where the yes is.
I already have a loan. Is it worth getting a broker to look at it?
If you have not repriced in the last 18 months, almost certainly yes. The loyalty tax means your rate has probably drifted above what your own bank is offering new customers today. A reprice request from a broker often gets a cut without refinancing at all. If they will not move, forty other lenders will.
Can Modern Lending help me buy property outside Tasmania?
Yes. We hold an Australian Credit Licence and operate nationally. Whether you are buying in Hobart, investing in Brisbane or refinancing a Melbourne property, we access the identical 40+ lender panel and the same wholesale rates. Tasmania is home. The rest of Australia is the market.
The bank is betting you will never check.
Check.
One 20-minute call. Zero cost, zero obligation, zero hold music. Walk away knowing exactly where you stand against 40+ lenders. Hobart office and nationwide by phone or video.