In a recent X post, @ausstockchick sparked a conversation about dealing directly with banks versus using mortgage brokers, with some expressing skepticism about the latter. However, the numbers tell a different story—75% of Australian mortgages are now facilitated by brokers, a sharp rise from 40% in 2009. So, what’s driving this shift? Let’s break down the benefits of using a…
You Can Afford It — So Why Won’t They Lend You More? You’ve built a growing business. You’re paying your current loan on time. You can clearly afford more funding. But every time you apply for a second business loan, the response is the same: ❌ “We can’t approve you with an existing unsecured loan on file.” If that’s your…
The Australian finance industry, traditionally dominated by the four major banks, has been experiencing an intriguing shift toward a previously underrepresented sector: private lenders. Non-bank lenders and private lenders, which make up roughly 5% of Australia’s financial system, are witnessing a swift expansion, especially in the realm of mortgage lending. This movement suggests a notable change in borrowing habits and…
Private lending solutions provide a quick & effective that can be the first step to a longer term outcome for investors & property developers A $25M development project was interrupted when one of the directors faced legal issues overseas. As a result, the Bank funder financing the project was hesitant to continue funding it. Our lender negotiated with the Bank…
Australian businesses have had a very rocky start to 2020, to say the least. Businesses were still recovering from the impact of the bushfires are now having to face cancelled events, dwindling customers, reduced rental income and supply chain disruptions as a result of the COVID19 outbreak. It’s taking a real toll on companies, particularly SMEs. While there are an…
• LVR – We usually extend up to 65% LVR against standard commercial properties, although can consider up to 80%. *The LVR may be lower for commercial properties considered to be non-standard or specialised. Hence, the minimum deposit that can be considered is 20% • Term – Up to a maximum of 30 years • Pricing – Case by case…
Put simply, the electricity cost savings generated by your new solar PV system could more than offset the monthly lease payments required for the system, meaning you could be savings money straight away For ABN (Business) buyers only If you are looking to convert your business to a smart, sustainable and energy efficient company, you can get started sooner than…
CALLING ALL SMALL BUSINESSES; WE NEED TO LEND $1 BILLION TO SMALL BUSINESS BY 30 JUNE 2019 Whether you’re looking to seize an opportunity to grow or just managing the ongoing costs of running a business, sometimes borrowing money could help you achieve your goals. A secured business lending allows for a streamlined application process for new and existing small…
In order to qualify for any of the First Home Buyer special offers: · Customers must be eligible for a government First Home Owner Grant and/ or First Home Buyer government stamp duty concessions (refer to www.firsthome.gov.au for eligibility details) · Customers must apply for a new Owner Occupier loan for the purchase of a property between 4 March and…
There is a range of finance options available to small business owners but securing the right loan for your business can still be quite a challenge. Often the difference between a successful and an unsuccessful application is knowing what supporting documentation to provide when you apply. The key to securing a loan is understanding that lenders approve applications they assess…
