Not every loan fits
neatly into a box.

At a time when many banks had stopped or significantly restricted the trust lending the client was seeking, an investor wanted to buy a $600,000 property through a discretionary trust and borrow 90% of the value. The intended ownership structure mattered to them.

Rather than asking the client to purchase in their personal name, we explored alternative lender criteria and available specialist policy pathways.

Finance of $540,000 was arranged at 90% LVR, with no lenders mortgage insurance payable. The client retained the intended trust structure.

A doctor came to FinMatters looking to buy an owner-occupied home with a 5% deposit. At 95% LVR, a standard home loan could carry significant LMI costs. Eligible medical professionals can sometimes access specialist waiver policies.

We identified a specialist medical-professional policy suitable for the first purchase, arranging an owner-occupied loan at 95% LVR without LMI. Later, when the same client returned for an investment purchase, we reviewed lender criteria again, including whether the waiver extended to investment property.

Both the owner-occupied home loan and the subsequent investment loan were arranged at 95% LVR with no LMI payable.

The property comprised multiple dwellings on a single title and had a value exceeding $2 million. Standard residential security policy did not neatly accommodate the configuration.

We reviewed the security details, investigated the incumbent lender’s relevant assessment criteria and presented the circumstances for a policy exception.

A security-policy exception was obtained from the existing lender, creating a pathway to finance the property’s unusual configuration.

Three applicants, including a non-resident applicant, sought lending involving an owner-builder arrangement. The combination created additional eligibility and construction-policy requirements.

We worked through borrower eligibility, ownership arrangements and construction requirements and presented the scenario to a suitable lender for consideration.

A lending-policy exception was obtained at approximately 60% LVR.

An existing owner-occupier client had a loan priced at 6.29% p.a. and wanted to understand whether the pricing was still competitive.

We reviewed the facility and requested better pricing from the existing lender rather than recommending a refinance without first checking whether it was necessary.

The lender reduced the interest rate to 5.99% p.a., a 0.30 percentage point improvement, without changing lenders.