Connective Select, funded by Bendigo Bank, offers home loan solutions designed for flexibility. It's ideal for self-employed borrowers and clients with complex servicing needs, now featuring new and improved benefits for brokers and their clients. Check them out below.
Broker benefits:
- Fast AI-assessed deals for fewer assessor touches and quicker turnaround times
- New broker portal for full visibility on new deals submitted (existing customer access to the portal begins in October).
New client benefits:
- Self-employed clients can apply with just one-year financials
- Up to six offset accounts per split ($15 each)
- Lending available to non-residents on PR pathway visas
- No acreage limit (standard LVR policy applies).
Policy updates
- Net profits used for servicing (great for self-employed income scenarios)
- New requirement: Business debts must now be declared for servicing.
Existing niches that remain:
- 100% offset available, including on fixed rate loans
- Fixed rate can be locked in at formal approval with no lock fee
- Joint debt policy - use 100% of debt and 100% of rental income.
If you have any questions about the new Connective Select product, please reach out to your CHL BDM.
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