Connective Select is underwritten by Bendigo & Adelaide Bank Ltd. In July 2022, the Bank entered an exclusive partnership with Lenders Mortgage Insurer, Helia (formally Genworth). This exclusive relationship has seen our LMI premiums become more competitive whilst also improving LMI approval times for faster application processing.
Helia (LMI) can help your home loan clients accelerate their home ownership journey, with a deposit as small as 5% (LMI is generally required when borrowers have less than 20% deposit). Explore how Helia assisted a couple in purchasing a bigger, better property below.
With the backing of Helia’s LMI, it could be the optimal lending option for clients seeking higher LVRs.
Recent adjustments to the minimum serviceability ratio for borrowers exceeding 90% LVR (with maximum lending, including capitalised LMI, up to 95% for owner-occupied properties) have increased borrower capacity, which is especially appealing to first-time buyers.
Did you know, the same competitive 1 to 5 year fixed rate offering for sub 80 borrowers is also available for loans that require LMI (owner occupied P&I to 95% and investment IO to 90%).
For more LMI tips, tools and information, please visit helia.com.au.
Disclaimer: New lending where LMI is required is subject to both Bank and Helia underwriting credit policies.Please contact your CHL BDM directly or info@connectivehomeloans.com.au for any assistance.
