In this extra episode in our series on Renovating for Profit, podcast co-host Scott Keenan sits down with Stephen Lemm from Mortgage Choice in Neutral Bay in northern Sydney.

Stephen is a 30+ year veteran of the finance and lending industry and he says it's as hard as it has ever been to get a loan in Australia. But it's not impossible.

And he says it's a good time to be a buyer in the property market, especially in capital cities on the east coast.

In this episode, we talk to Stephen about the new lending rules that you need to be aware of and find out just how much detail banks now need from you before they will even consider providing you a loan.

The second half of this season is coming soon. If you have any questions you want us to answer about renovating or if you need help with a renovation please email lauren@laurenkeenan.com.au