Good news! Our Investment Loan Waiver offer, available until 31 March 2024, for loans settled by 30 June, 2024, presents a substantial 0.3% rate cut on all investment loans. This initiative is tailored to meet the borrowing capacity challenges frequently faced in our broker community.
In line with our dedication to accessible lending, we've also lowered the serviceability buffer to 1.5% for loans up to 70% LVR on Near Prime and Prime products. This combination of the Investment Loan Waiver and reduced buffer results in a significant 0.8% stress buffer reduction, enhancing borrowing capabilities, especially for non-standard clients, including self-employed individuals.
Leverage these offers to support your self-employed customers in unique financial situations, such as debt consolidation or leveraging property equity. For instance, a self-employed client with an investment property wanting to leverage the equity in the property to pay off an outstanding tax debt.
Connective Elevate’s tailored solutions, including the recent rate reductions, provide the necessary financial flexibility to address both borrowing capacity issues and specific needs such as tax liabilities.
For further details about these offers, speak with your local Connective Home Loans BDM. We’re here to help.
