We recognise that more complex loans often require more work. To ensure you are fairly compensated for the time you spend on a loan, we’re increasing the upfront commission paid on our Specialist, Specialist+ and SMSF loans.
Effective from May 1, 2023, the new commission rates for new applications are as follows:
We encourage you to call 13 25 83 if you have a customer that has a more complex situation, such as self-employed, credit impaired, looking to consolidate debt or grow their wealth with a SMSF loan.
Your call will be answered by an experienced Underwriter, who can help you workshop any scenario, guide you through the application process and help with quick approval on the loan—saving you time as you diversify your business.
The broker called the Scenario Hotline to discuss income requirements for a couple, where one of the applicants worked for their partner’s business.
The underwriter assured the broker that we would accept his client’s PAYG payslips and we would just need his individual Tax Returns and NOA. Following this, the underwriter explained that we would also require self-employed / Alt-Doc income verification from the business owner as she was the secondary applicant.
All the required income documents were provided at submission, with the application being passed onto the underwriting team and conditionally approved on the same day.
To help more of your clients with home ownership, we have increased our maximum loans amount for $2 million for metro and select suburbs under our Prime, Near Prime and Specialist products.
This publication is intended for Connective and Bluestone accredited introducers and referrers only and is not to be distributed to anyone else, including consumers, under any circumstance. The information provided is general in nature and does not take into account your individual personal needs, requirements and circumstances. It is not a recommendation about any financial product(s) and does not constitute financial or tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. The information in this email is given in good faith, believed to be accurate at the time of posting and is subject to change at any time. Information accurate as of 17 May 2023.
Your Connective Elevate Home Loan is administered by Bluestone Servicing Pty Ltd (Bluestone) ACN 122 698 328 (Australian Credit Licence No. 390183) on behalf of the Credit Provider, Permanent Custodians Limited ACN 001 426 384. Distributed by Connective Credit Services Pty Ltd ACN 143 651 496 (Australian Credit Licence No. 389328) trading as Connective Home Loans. T&Cs apply. *Where Underwriter resources allow.
