| CLIENT PROFILE
|
Self-employed for minimum of 2 years
Registered Australian Corporate Entities
Lo Evidence of ability to service the mortgage and clean credit history |
| LOAN TERM |
20 Years - NO REVIEWS OR RE VALUATIONS |
| MAXIMUM LOAN AMOUNT/GROUP |
$5,000,000/$10,000,000 |
| L.V.R. |
70% |
| INTENDED USE |
Investor or Owner-occupier |
| REPAYMENT OPTIONS |
Principal &
Interest (P&I)
Interest Only (IO) |
| INTEREST ONLY OPTIONS |
Up to 5 Years then auto converting to P & I for 15 years |
| ACCOUNT KEEPING FEE |
No Monthly Account Keeping Fee |
| ADDITIONAL REPAYMENTS |
Variable interest rate options only |
| SPLIT LOANS |
Yes, maximum of 3 splits |
| LOCATION |
All metro and category 1 areas |
| STATEMENTS |
1/2 Yearly |
| REDRAW FEES |
Unlimited, free redraw available via the internet for variable loans only |
| FIXED INTEREST |
1,3,5 Years available on request |
| REQUIRED BORROWING INFORMATION |
Copy of leases if relying on security being “stand alone” servicing or loan statements to evidence debt serviceability, or, Accountants assessment of debt service ability, or, cash flow projections. |
| OUT OF THE BOX |
Multiple dwellings on 1 title
Mature Age Apartments/units
Studio Accommodation
Student Accommodation
Non Resident loans
Serviced Apartments |
| UNACCEPTABLE SPECIALISED PROPERTIES |
Rural Properties, Quarries, Retirement Villages, Vineyard/Wineries, Tanneries, Funeral Parlours, Brewies, Schools, Service Stations, Abattoirs, Company title, Brick works, Saw Mills, Places of Worship, Mills, Ice Works / Cold Stores, Transport Depots, Clubs, Gasworks, Marinas, Roadhouses, Theatres/Film Studios, Theme Parks, Laboratories, Foundaries, Contaminated Sites, Time share. |
| BORROWERS LEGAL EXPENSES |
At Borrowers expense |
| LENDERS LEGAL EXPENSES |
At Borrowers expense |
| VALUATION EXPENSE |
At Borrowers expense |
| ESTABLISHMENT FEE |
0.85% plus GST or $1,500 whichever is the greater. 0.22% Admin fee per annum paid 6 monthly |
