Residential (Mid Doc)
Security property in Darlinghurst, NSW
$3,750,000 | 75% LVR | 30 years P&I
- The borrower is a self-employed founder of a beverage company that manufactures and distributes the products.
- The purpose of the loan was to purchase a new property as an owner-occupier.
- Under our flexible Mid Doc product, the borrower was able to complete an income self-certification, supported with an accountant’s letter.
Residential Refinance + Equity release
Security property in Riverstone, NSW
$3,500,000 | 43% LVR | 30 years with 5 years IO
- The borrowers were brothers, both directors and shareholders of the borrowing and trading entities on the loan.
- The purpose of the loan was to refinance an existing private loan with equity release. We were able to provide cash out up to the max LVR limit based upon stated purpose alone (no evidence required).
- Unlike many other lenders, we allow for company/trust borrowers, including Unit Trusts, under our standard residential product and provide residential rates.
Reminder: Interest Rate Update
On 20 May the RBA announced a 0.25% rate reduction to the official cash rate to 3.85% p.a. In response, we have dropped our rates across all variable rate products by 0.25% effective 16 June 2025.
To see our updated rates, please visit the Research App in Mercury Nexus.
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