Key policies that will help you, help more clients
- Commercial Max now has a maximum loan amount of $8M
- Private Lending - flexible terms from 3 months up to 3 years, a loan limit of $7m and flexible servicing parameters including no minimum Interest Coverage Ratio (ICR) requirement, no Lenders Mortgage Insurance (LMI), and no title insurance.
- Commercial Lease Doc allowing borrowers to provide an executed lease to evidence their capacity to service a commercial loan up to $2M with up to 70% LVR.
- GST Loan to finance GST on property purchases which can be added to any commercial or SMSF loan.
- Increased LVRs commercial offering
- SMSF Mid Doc provides the option for alternative income verification
SMSF Mid Doc for Group Servicing
Where Group Servicing is required, Full Doc and Mid Doc income verification are acceptable from the self employed member or guarantor.
Full Doc: 2 years’ tax returns and financial statements for all parties to the loan
Mid Doc: Self certified income + one of six supporting document options
SMSF Improvement: We no longer require a copy of the investment strategy for SMSF lending
Want to know more? Download our latest product, policy and pricing information HERE
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