Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Liberty increases LVR limits

Staff Reporter 1 minute read

In a bid to increase their competitive stance in the commercial mortgage space, Liberty Financial yesterday announced it will increase the maximum LVR for its prime full doc loans to 80 per cent.

Effective immediately, the new commercial LVR limits will help Liberty drive competition and support struggling small businesses.

“At a time when small business is hurting, other lenders continue winding back LVR’s and commissions. We’re intent on doing the opposite by providing vital support to small business whilst stimulating competition in the broker channel,” Liberty Financial group sales manager Bob Turnbull said.

“With rates starting at 7.95 per cent we’re confident this will drive competition in the bank-dominated space and that means more choice and better outcomes for our business partners and our customers.”

However, Liberty is not content to stop here. The finance group’s chief operating officer James Boyle told The Adviser that the mortgage market could expect to hear similar announcements regarding Liberty’s range of products in the immediate future.

“While our commercial product now represents one of the broadest solution sets available from mainstream lenders, we ideally want to drive competition across the board. We want to give our customers more options, which will result in more business for brokers,” Mr Boyle said.

Liberty increases LVR limits
default
TheAdviser logo

The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day

default

 

more from the adviser
Paul Herbert AMP Newsroom

Breaking News

AMP hires intermediary head

AMP Bank has recruited from MyState for its new head of intermedi...

Theo and Alex Shore Financial

Breaking News

Brokerage officially launches white-label loan

North Sydney-based brokerage Shore Financial has officially launc...

interest rate savings

Breaking News

More clients look to lock fixed rates than 2020

More borrowers are eager to lock in fixed interest rates than thi...