RESI Flexi Options

Effective Wednesday 23rd September 2020, until further notice Resi will not be accepting formal approvals or applications with the purpose of land purchase or construction where the LVR is above 80%.

Some further details on this change

  • Resi will not support requests for exceptions for Construction Loans
  • Resi will accept construction above 80% LVR - only in circumstances whereby applicants currently have a land loan in place with the lender.

For further information visit www.resi.com.au or contact your relevant Relationship Manager.

  • Jerome Porcia - NSW & QLD
    • 0468 755 419
  • Arthur Karvelas - Vic, Tas, SA & WA
    • 0418 350 312

Suncorp Sponsors 'The Block'

Suncorp is a proud sponsor of Channel Nine's high-rating series, The Block.

This will be the third year Suncorp has partnered with the program and rolled up their sleeves to help the 'Blockhead' contestants with their budgets and support their game changing ideas.

So far the show is reaching an audience of 2.6 Million and has been the #1 rated show for audiences aged 24 to 54 years.

Make your house a home

Suncorp will also overlay their advertising campaign theme of helping customers love where they live as they go above and beyond to help every Aussie get closer to their version of The Great Australian Dream. Whether that's through maximising their funds via Refinancing Cash Bonus or budgeting like a boss, with $OAKF and Sub Account Functionality, Suncorp is there to help, and is encouraging viewers to talk to their broker. That's the Suncorp spirit.

Enter the broker competition

To celebrate this partnership with The Block, Suncorp is giving brokers the chance to win one of three $1,000 Mitre 10 vouchers.

Go to businesspartners.suncorp.com.au to enter.

Calling all brokers now!

Update from La Trobe

La Trobe is excited to announce multiple enhancements to their entire product range.

Refreshed rates, increased LVRs and higher maximum loan amounts effective immediately!

Highlights include:

  • Residential rates from 2.99% p.a.
  • Maximum loan amounts increased to $15 million.
  • Commercial LVRs extended
  • SMSF rates reduced
  • Their "no clawback" policy has been maintained across our entire product range.

Download the Product Guide here to see all the upgrades.

TMBL Update

Teacher Mutual Bank has their updated Serviceability Calculator effective 22 September 2020.

The calculator will be updated to include the minimum benchmark figures, based on Q2 2020 Household Expenditure Measure (HEM) figures.

Applications in the pipeline

Any application where the conditional approval or AIP has expired will be assessed using the new criteria from 22 September. Any application from 22 September will be assessed under the new policy criteria.

Genworth Serviceability Calculator and Servicing Estimator

TMBL's Lender's Mortgage Insurer, Genworth, have also updated their Serviceability Calculator and Servicing Estimator; effective since last week.

Updated Calculator

Deposit Power's Final Video

A while ago, Deposit Power had these videos put together when they were out in Dubbo with the help of a few local kids from a drama club out there and a production company.

At the time Dubbo was in the midst of the drought and it was their small way of contributing to the local community. The drought seems such a long time ago with everything else that has piled on since! Nevertheless, it is a reminder that we can overcome any challenge by being united!