What Energy Assets can we finance? Solar Systems and Energy Efficient Lighting (LED) are the primary focus. Other energy assets can be considered on a case by case basis. If requesting finance for assets outside of solar systems and LED lighting, please contact us with the following details so a pre-assessment can be conducted: • asset description • unit cost…
It is commonly accepted that to avoid paying Lenders Mortgage Insurance (LMI) on a home loan you must contribute a minimum 20% deposit of the property’s purchase price. A deposit of 20% equates to an Loan to Value Ratio (LVR) of 80%. If your loan is above 80% LVR then in most cases (for example Medical professionals/graduates can borrow up…
What Is LMI in Australia? Lender’s Mortgage Insurance (LMI) is a type of insurance that is used to protect financial institutions and lenders against financial loss when a borrower defaults on a loan and can not pay it back. LMI covers the Lender/Bank against the shortfall that may arise if the following sale of the security property does not cover…
LVR stands for Loan to Value Ratio. It is the percentage of money that you intend to borrow compared to the overall value of the property. To work out the LVR, divide the amount you are borrowing into the value of the property e.g. It can be calculated using the simple formula: (Property Value – Deposit)/Property Value x 100% The…
Does your SME have an outstanding business debt or ATO tax debt? We can refinance business debt up to 80% LVR (loan to value ratio) at residential home loan rates. Cash out for working capital is acceptable up to 80% LVR at residential rates. You can also purchase a business/commercial building with a residential dwelling as a security at up…
The Australian finance industry is one of the most sophisticated, innovated and regulated in the world. It is one of the safest since ASIC (Australian Securities and Investment Commission) introduced new uniform consumer credit laws know as NCCP to protect and inform consumers. Mortgage brokers will get paid a percentage of the total loan amount (from the bank or lender)…
Commercial & Business Vehicle Finance Deals are available for new and used cars for your business: Low doc deal – no financials required • Established in business minimum of 2 years. • Low Doc Maximum amount $100,000 • Applicant / Director / Partner must have reasonable equity in property. Evidence to be provided. Non property owners require 20% deposit •…
Low Doc Commercial Asset Equipment and Vehicle Loans – No Financials Required Do you meet the following criteria? Minimum 24 months ABN & GST registration? Purchasing from an authorised supplier (LMCT), dealer, car broker or auction house (Laudiston, Pickles Auctions, etc.)? Asset is a maximum 4 years old? Vehicle/Equipment is less than 4.5 tonne? Cost is a maximum of $100,000?…
Chattel mortgage provides finance for companies, trusts and businesses to purchase goods that are used within the business; such as motor vehicles, trucks, earthmoving, industrial plant and professional equipment. The asset must be for business use more than 50% of the time. Tax Implications of Chattel Mortgage This product is a means of minimising capital expenditure for your business, allowing…
