Whether your customers are relocating, downsizing or want to complete home renovations, our simple retirement policy and standard 25 or 30 year loan terms make it simpler for customers nearing retirement or already retired to get a home loan.
With Connective Essentials, applicants must provide us with an exit strategy if they are:
There are two exit strategies they can choose from:
For more information on this policy, please refer to the Credit Policy Guide in the Research tab in Mercury Nexus.
We only offer standard loan terms of 25 or 30 years which means we won’t ask your customers to select a shorter loan term because of their age – helping to increase serviceability and lower their monthly repayments.
Superannuation income
Customers can use superannuation income as part of their home loan application and only need to provide evidence of the two most recent payments.
There is no requirement to confirm there has been no reduction of capital in super balance year on year.
If you have any questions or would like to discuss a customer’s scenario, don’t hesitate to get in touch with your CHL BDM or local Connective Essentials BDM.
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