Consistent to Resi’s goal to continue improving and offering you more solutions for your clients they have released some new updates to their Resi Essentials policy.
These changes are designed to provide more flexibility and better options for their clients.
Below is a summary of the key updates:
- Introduction of a 95% Option for Prime Full Doc Investment and Interest Only
- Introduction of an 85% LVR Option for Prime Alt Doc
- Enhancements to their Near Prime Full Doc options above 80% LVR. Now available in a wider range of locations and Interest Only options available up to 85% LVR.
- New Rate Card Issued with more competitive offerings
- Unlimited Debt Consolidation under Prime Product Ranges
- Adjustments to Adverse Credit History Thresholds for Prime & Near Prime
- Non-Permanent-Resident Co-Borrowers Now Accepted
- Employment Criteria tenure shortened for Prime PAYG
To check the latest rate card, click here.
For further details please click here or call your Resi BDM.
1 Fixed rate loans may be subject to significant break costs. Interest rates, fees and charges are subject to change. Fees and charges apply to all Resi Select products. Refer to the Fees and Charges Booklet on your aggregator’s software for full details. Fees and charges are current and may be introduced or varied in accordance with loan terms.
2 Comparison rates are based on a secured loan of $150,000 over a term of 25 years.
WARNING: This comparison rate applies only to the examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
3 Advantedge Broker Satisfaction Surveys July 2023 includes brokers who have submitted a deal in the last six months. These are aggregated numbers across Advantedge brands.
For Broker and Advantedge distribution team use only. Information, rates and offers are correct as at Wednesday 1 May 2024 and are subject to change.
Fees and charges apply to Resi Select products. Interest rates, fees and charges are subject to change. Terms and Conditions apply to all Resi Select products and are available on request. Lending criteria apply.
