With construction timeframes increasing, residential policy updated to reflect construction interest only flexibility for progress payment period. Connective Select applicants can now chose interest only for 12 or 24 months (variable rate only). Please refer to your Connective Select rate board for current construction variable rates.
Please note, for a temporary period while home loan settlement activity extremely high, the decisions been made to cease 1st attempt, new borrower Welcome Call’s.
We are currently sending a newly worded SMS message to Connective Select borrowers within 1 business day of settlement. This gives your clients the flexibility to contact the Call Centre at a time that’s convenient for them.
Connective
Hi, <Customer Name>, this is Connective Select Lending! We'd like to discuss your new mortgage. Please call us on 1300 369 564 Option 3, from 9am-6pm Mon/Fri AEST. No SMS reply available.
Policy has been expanded to allow all applicants to utilise rental payment history as a form of genuine savings where specific security requirements are met. Previously restricted to first home buyers only. Verification requirement of rental payment history reduced from 6 to 3 months to align with genuine savings timeframe.
Fixed rates – up to 95% with offset, cash out, and same rate on fixed on any LVR.
