Resi bringing more solutions in a tougher credit environment

With lender credit policies continuing to tighten, the most common feedback we are getting from the network is how difficult it is to get a deal set these days. Yet, when we examine our lending flows, less than 10% of our network have submitted a loan to a specialist lender over the last 2 months.

With credit tightening only threatening to continue, we want to make sure every Vow broker has every opportunity to provide a solution for your customers when the mainstream lenders say no. This is why the Resi business not only offers some excellent loans for your blue-chip clients, but also extremely competitive solutions for those that are a bit more "outside the square".

Via their specialist funders, Resi can offer solutions for customers where they may only just miss out on a traditional funding right through to solutions for clients that have had previous credit problems.

With our special pricing on the Renew - restart range, there has never been a better time to start exploring the possibilities of this side of the market place. Some of the features of the Renew - Near Prime range are listed below:

  • Caters for many clients that fall through the cracks of traditional lenders.
  • Flexible approach to loan purposes (examples being tax debts, business purpose and unlimited personal loan consolidation).
  • Commercial treatment of previous (historic) credit issues.
  • Full Doc, Alt doc and construction solutions also available.
  • Exclusive to the Vow group, we have access to pricing where Loan Risk fees are only payable under certain circumstances (higher LVR's and construction loans).
  • We are also waving the establishment and legal fees on all new near prime loans lodged up to the end of October. So, in many circumstances entry costs to the loan will be zero!

Finally, Resi has a very special offer currently available. Submit any application to Resi for our Renew / restart product range (funded by Pepper white label) during the months of September / October 2018 and go into the draw to win an Apple iPad 32GB Wi-Fi (Space Grey) (6th Gen)

  • One entry into the draw per loan application, the more applications, the more entries into the draw.

Winners will be notified via e-mail and in Vow Voice

Haven't done one of these types of loans before and not quite sure where to start? That's not a problem, get in touch with the team below to discuss your scenario and we can work out the best solution for your client's individual circumstances and even step you through what's needed for the application process.




Jason Hulbert

0468 755 419

Craig Herden

0478 537 841

Tony Wakim

0416 409 100

Rimi Begum

1800 737 448

A copy of our latest rate card highlighting our special offers and detailed rates is attached for your reference.

Important reminder regarding AFCA membership

Important reminder for license-holding (ACLs) and authorised credit representatives who are members of the Credit & Investment Ombudsman (CIO) EDR scheme - to secure Australian Financial Complaints Authority (AFCA) membership ASAP.

While AFCA is still accepting late applications, those who haven't applied for membership may be in breach of their obligations of being covered by an EDR scheme. The deadline for CIO members was 31 August, and failure to lodge an application means non-compliance with their ASIC licensing obligations.

For those who have already completed their AFCA application after the 31 August 2018 deadline, AFCA anticipates you will receive confirmation of membership by 21 September 2018.

For those who have not yet begun or completed the AFCA application process, it is strongly advised you complete your application now, as a matter of urgency.

It is important to note that CIO Limited membership must be maintained through the transitional period, including paying membership and other scheme fees in full as required.

Please note, ASIC will be monitoring compliance with existing EDR scheme requirements by financial service providers.

For further information contact AFCA on 1300 56 55 62, or visit their website,

The Adviser's SME Broker Bootcamp is back again!

For those of you who are looking to explore opportunities beyond residential lending, The Adviser's SME Broker Bootcamp is something worth looking into, particularly if you're interested in tapping into lending for small and medium-sized businesses and becoming a more holistic business.

Now in its fourth year, The SME Broker Bootcamp is a free national roadshow designed to help brokers propel their businesses, better understand the opportunity in the small and medium-sized enterprises (SME) market and transition into new revenue streams.

Each of the four one-day events will centre around a series of practical, how-to sessions that will broaden your skills, knowledge and capabilities to grow your business outside of traditional residential mortgage lending.

The Bootcamp will be hosted in the following cities:

Brisbane - 20th November 2018

Perth - 22nd November 2018

Melbourne - 27th November 2018

Sydney - 29th November 2018

Please visit their site for more information and to sign up -

Diversification - the key to business growth!

We are all aware that the residential market has taken a turn, which means diversification is now more important than ever before, and possibly the key to your business success.

Vow Leasing has multiple options for you to help your clients achieve their goals - whether they are personal or commercial.

We have representatives in each state who are available to cater to your client's requirements.

Get in contact with Khan Inali to have a chat or request more information:

Khan Inanli

Business Development Manager
Commercial & Equipment Finance

0488 020 361