The finance environment has been changing during the past few months with limitations on investor loans, non-resident loans and some types of commercial funding. This tightening cycle is expected to continue, resulting in finance becoming more difficult to access, so if you need finance in the near future, I urge you to make contact now.

Please do not take the below loans as specific advice, as your situation has not been taken into consideration. But feel free to contact the Financial Services department for a tailored solution to suit your needs.

I have listed some offers currently available through various lenders which reflect the high level of enthusiasm banks have for the building sector at the moment.

Harry Pontikis – Manager
1300 137 539
Master Builders Financial Services (MBFS)
Chocolate Money t/a MBFS
Australian Credit License – 387277

Disclaimer: Please note that assessment, lending policies, terms, conditions, fees and charges apply with all loans.
Investment loans available – from 4.24 per cent (comparison rate 4.28 per cent)

Most banks are not able to lend money to investors due to new regulations. The issue is becoming increasingly prominent in Melbourne owing to the completion of apartments where pre-approvals have not been honoured by banks because of the new regulations and limits imposed on them.

If you or your clients are having difficulty getting a loan, contact MBFS on 1300 137 539.

Investment loans available:
• Up to 90 per cent LVR for refinances
• Debt consolidation and construction
• Interest-only variable rate from 4.24 per cent pa (comparison rate 4.28 per a)
• Two-year fixed rate 4.59 per cent pa (comparison rate 4.79 pa)
Snapshot of loan specials

A particular bank has rolled out some specials for this month:
• 95 per cent loans for owner-occupied purchases (including LMI)
• Buy property with your self-managed super and borrow 80 per cent
• Cash-out up to 80 per cent value of property
100 per cent loans

• Use 100 per cent of the equity in your home
• Can be used for residential and business purposes
• Combination home loan interest rates from main Australian bank
• Must be residential property
Credit-impaired loans

Good for getting you out of trouble, consolidating debt and lowering your
monthly repayments. Features include:

• Unlimited arrears and defaults can be consolidated
• Tax returns and full income disclosure required (low doc available)
• Borrowing up to 80 per cent of the value of the residential property
• Rates ranging from 6.60 per cent to 8.60 per cent
• Interest rates vary subject to the perceived risk

How is your suburb performing?

If you would like a report on your suburb or a suburb you are considering
buying into, email me on [email protected]

Alternative ways to prove your income

Some businesses struggle to prove their real income to the satisfaction of banks. Many other lenders will consider alternative ways of proving your income including:

• A letter from your accountant stating your estimated income
• A percentage of your BAS statements can be used as income
• Your Business Trading Statements’ transactions can also be used

Don’t be put off exploring your lending options if you don’t fit into the banks’ boxes; you have many options still available!

Are you paying too much for your home loan?

Contact us to find out whether you are eligible for cheaper rates as there are a lot of special offers at the moment by clicking here or calling us directly on 1300 137 539.