Vow Voice 22nd June 2021

As we near 30 June, ANZ is making a few updates with their Asset Finance applications to ensure you can manage your customers' expectations.

ANZ's operational teams are working hard to get through the workload; however, this is to advise you that their team is currently experiencing extended turnaround times for all broker introduced ANZ Asset Finance applications and settlements.

What does this mean for your customers?

Applications:

• All broker introduced Asset Finance applications submitted from today onwards for new ANZ customers will experience delays of up to 10 business days
• All broker introduced Asset Finance applications submitted from today onwards for existing ANZ customers will experience some delays

Settlements:

• From the date of expected settlement, please allow up to 5 business days for all in-flight applications

Please reach out to your BDM for any questions.

St. Goerge is excited to announce their End of Financial Year business lending offer, including a promotional upfront commission.

This limited-time offer includes $0 establishment fees1, rates from 2.68% p.a2, and an upfront commission of 0.75% (excl. of GST) of the loan amount.

To assist you in highlighting the key benefits of our EOFY Business Loans offer to your customers, view the information sheet.

About the offer:

Eligibility:

Businesses must meet the following criteria to be eligible for the offer:

• Have an annual turnover of less than $250 million
• Have a valid ABN
• Be trading for more than 12 months and be a tax resident of Australia (based, registered, and operating in Australia)

Applications must be approved by 30 June 2021, with a settlement by 31 August 2021. The offer is also available to deals currently in the pipeline for approval.

Interest Rates:

Commissions payable for deals under this offer:

• Upfront Commission: 0.75% (excl of GST) of the loan amount
• Trail Commission: 0.25% p.a. (excl of GST).

Please ensure all the standard conditions are met and the usual application process is followed accurately to avoid delays.

If you have any questions or need further information on this limited time offer, please contact your BDM.

*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.

La Trobe is here to help with Lite Doc Construction and Lite Doc Development finance.

Residential Construction " Single Build or Duplex

• Lite doc or full doc
• Up to 75% LVR of the end value
• No presales required
• Assistance for Bridging Construction finance is also available, i.e. building a duplex, keeping one and selling the other. No presales required " just a "Bridging Loan Exit Strategy" template required. No COS needed for the sale of the property.

Development Finance " 3 dwellings or more

• NO presales required for loans < $5M
• NO line fees
• NO early exit fees
• Lite doc or full doc up to $25M

Don't forget, La Trobe also has Residual Stock to assist once the development loan is completed. NO income verification is required for this product.

Reach out to your BDM in case of any questions!

*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.

We are thrilled to announce that Essentials interest rates have been reduced over Selected LVR Bands:

Prime Loans:

Variable Owner-Occupied Rates commencing from as low as 2.34% (Comparison Rate 2.37%)

Variable Investment rates commencing from as a low as 2.59% (Comparison rate 2.62%)

Near Prime:

Variable Owner-Occupied rates as low as 3.25% (Comparison rate 3.28%)

Variable Investment rates as low as 3.50% (Comparison rate 3.53%)

Policy Enhancement - Essentials Near Prime

Resi now accepts:

• Unlimited Defaults, judgements, and writs (Paid or unpaid) up to $2,000 per incident if within 24 months, no dollar limit if over 24 months registered.
• Assuming mortgage debts are satisfactorily conducted and Resi is satisfied the borrowers are not in hardship, blemishes to repayment history for non-mortgage accounts are permitted.

Risk Fee Promotion Extended

Our Essentials Alt Doc (up to 60% LVR) & Near Prime (up to 70% LVR) risk fee promotion has been extended as well.

Conditions of the offer:

• Minimum Loan amount of $250,000
• Loans must settle before 31^st August 2021

This waiver will result in a substantial saving. On an average loan size of $500,000, an applicant would save a whopping $3750! This is, therefore, not to be missed opportunity for your clients.

Resi Essentials Rate Card

*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.

As part of our ongoing commitment to ensuring you get the best possible results from using the Ynet platform; we will be holding monthly live webinars with Dave Stewart, our National Platform Manager.

We have no pre-determined topics or agendas. Instead, we want you to tell us what you want to know about the Ynet platform.

That's right, we want you to send us your suggestions for topics to be included in the webinars. Each month we will collate all submissions from brokers to identify the most popular/highly requested topics and that becomes the focus for the next webinar.

• Do you want to know 'how to' complete a specific task/action within the platform?
• Perhaps you are looking to better understand how the platform helps you meet specific compliance or regulatory obligation?; or
• Maybe you want to enhance your client's experience by activating advanced features?

Whatever it may be - you can tell us!

Remember; each webinar is based on the questions and enquiries that you send through to us by completing this Ynet Online Submission Form. Whatever it is tell us right now!

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