Brighten Product Changes

Effective 14th of March 2022, the following changes have been made to the Brighten products.

Enhanced Brighten Empower Prime

At Brighten, they are always looking for ways to improve the broker's experience. They are streamlining their Full Doc offering by combining the Brighten Essentials and Brighten Empower Prime products.
The following interest rates are now applicable to new Brighten Empower Prime home loan applications.

Features of Brighten Empower Prime

  • Max. Loan Size $1.5m
  • Max. LVR 95% (>80%LVR, LMI applies)
  • Category 1 and Category 2 postcodes accepted
  • 100% Redraw Offset Facility available
  • Full Doc product designed for PAYG and self-employed borrowers seeking competitive home loan solution

Brighten Boss Prime

The following interest rates and risk fees are now applicable to new Brighten Boss Prime home loan applications.

Construction loans

The following interest rates and risk fees are now applicable to new Brighten Easy Builder home loan applications.

Brighten Easy Builder - Full Doc & Alt Doc

Maximum loan amount for investment loans is reduced to $1,000,000.
Please note: Default Rate applies if construction does not begin within 3 months of loan settlement or complete within 12 months of loan settlement.

Brighten Easy Builder - Non Resident

Max. the loan amount is reduced to $900,000.

Please note: Default Rate applies if construction does not begin within 3 months of loan settlement or complete within 12 months of loan settlement.

*Available for new Brighten Empower Prime loans (OO P&I) 70%LVR. ^Of the loan amount. The risk fee can be capitalised to a max LVR of 80%. Fees, charges and Terms and Conditions apply. # The comparison rate is based on a secured loan of $150,000 and a term of 25 years.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

For any questions please reach out to your BDM.

Liberty Commercial Loans Update

Liberty Commercial would like to annouce their new commercial mid-doc product, Express. Adding to their existing low-doc and full-doc solutions. Their new Alt-doc solution is helping more business customers move in the Express lane.

Click here for product features and where to find the updates introducer guide.

If you have any questions, refer to your Vow Financial BDM.

Compliance Webinars

This is a reminder that compliance will be running a FAQs style webinar every second month. The webinars started on the 17th of March.

Each webinar will have members from the Legal, Risk & Compliance team answering questions put forward from the network via a survey (

This is a not-to-be-missed webinar, please ensure you register via this link.

Resi Select - Construction Loans

Under Resi Select, they can offer your clients a competitive construction option.

This product is for clients who wish to purchase vacant land with the intention of constructing on it or those who already own vacant land and now need funding to construct their dream property.

Select allow an LVR up to 90% (inclusive of LMI).

The Construction must commence within 12 months of settlement and must be completed within 12 months of first progress draw down.

During construction, the client will make IO repayments on the balance of drawn loan, over this time the IO repayments are made on the P&I rate, which starts at 1.99%. No rate loading during construction. After construction is complete this will revert to full P&I variable repayments.

Progress payments are simple, just email the invoice to the appropriate team and they can begin processing. No other documents and no signature needed.

Only one fee of $395, is charged to your client at settlement. So, there will be no surprises later on.

To access the fact sheet, click here.

For more information on Resi's Select Construction product, please speak to your BDM or Broker Support.

Legal Team Update

As part of the YBR Group's quality assurance and audit program, brokers will be subject (from time to time) to a quality assurance review or traditional file audit of a particular credit assistance file & loan application by our auditors. These audits are conducted to provide brokers a better understanding of their current processes and how they meet regulatory & legislative requirements, as well as an opportunity to educate & improve on any issues raised in a broker's credit assistance process and/or operational procedures.

The YBR Group utilises a "traffic light" scoring system (Green, Amber, Red & Black) to score the individual files reviewed and the overall audit overcome. The scoring is weighed depending on the issues raised within each file that can vary between legislative/regulatory requirements & standards or YBR group policy requirements.

We know some things can go wrong from time to time and if you receive an adverse audit result, the YBR Group works with you to provide ongoing support by assisting in the understanding of any raised issues, training on the VowNet platform and education on legislative & regulatory requirements, amongst other things.

The Legal, Risk & Compliance team have previously conducted a webinar on the Quality Assurance & Audit Program to help brokers better understand the process & what to expect. Please visit the VOW Professional (PRO) platform to view the webinar & the extra resources here.

Prospa Resource and Contact Update 2022

Prospa has updated their contact list, click here for their updated list.

If you have any questions refer to your Vow Financial BDM.