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Private lending costs are coming down at N1 Holdings

N1 Holdings has new funding for residential prime location 75% LVR and commercial 70%. 12 months from 9.95%-10.95%. No monthly, line fee or exit fee. N1 Holdings is continuing funding deals in the coming festive season. Last year they had a deal on the 27th of...

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ANZ’s Simpology update

Following the recent change to disable loan application submissions through Loanapp v1, ANZ will now revoke broker access to Loanapp v1.  What this means  From Friday 20 December 2024, brokers will no longer be able to access Loanapp v1 or any Loanapp v1....

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VMG’s holiday closure announcement

As we approach the end of the year, VMG wants to inform you of their upcoming office closure dates for the Christmas holidays. Their office will be closed from Friday, 20th December 2024, and they will reopen on Monday, 6th January 2025. To ensure all processes are...

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Bluestone’s latest update

The product team at Bluestone have recently updated their Product Matrix.  There has been several changes made throughout the document, please review it to stay up to date with the changes.  Please click here for the updated document. For any questions...

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AMP Bank’s Commission Changes

AMP Bank will be updating their broker clawback and trail commission on AMP Bank residential home loans settled as of 1 January 2025.  The below changes apply:  ·  For clawback commissions from 1-18 months, AMP Bank is introducing a stepped clawback...

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Prospa unveils new quoting tool for brokers

Prospa has announced a new game-changing intelligent quoting tool for brokers, Prospa IQ, among a series of product enhancements unveiled at the small business lender’s Unstoppable event held late October.  Roberto Sanz, Prospa’s general manager sales and...

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What’s New with Resi Renew/ Restart?

Loan size and vacant land changes   Helping you get the deal done. Resi is increasing (and in some cases doubling) their loan sizes and max vacant land size.  Clients can now borrow up to $5 million for home loans and up to $2 million for construction loans. For...

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From Bankruptcy to Stability with VMG

A married couple approached VMG for assistance with refinancing their home loan and debt consolidation, which included ATO debt. After enduring significant financial setbacks and conflicting advice, they sought a way to regain control over their finances and...

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Bank of Melbourne Update

Bank of Melbourne takes the protection of data, including personal and financial information, very seriously. This is why they would like to remind you about their introduction of enhanced security protections to make using BrokerHub even safer. Bank of Melbourne...

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