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.

Loan Market partners with 100% LVR lender

loan market new ta loan market new ta
Hannah Dowling 5 minute read

The broking franchise has welcomed a new lender to its panel, which specialises in low or no-deposit home loans for tertiary-educated professionals.

Loan Market has announced “low or no-deposit specialist” Granite Home Loans as the latest addition to its lender panel, giving its brokers access to the lender’s high loan-to-value ratio (LVR) home loans for professional tertiary-educated borrowers with limited savings.

Granite Home Loans provides 90-100 per cent LVR home loans to owner-occupier, tertiary-educated “high-earning professionals” with good credit, which waives the need for lender’s mortgage insurance (LMI).

The lender caters to engineers, lawyers, doctors, accountants, finance and IT professionals who have spent years studying, providing them with low or no-deposit home loans if they have “secure jobs of at least three years”.

Advertisement
Advertisement

Loan Market Group chief operating officer Stephen Scahill said the addition of Granite Home Loans to its panel, taking the total number of on-panel lenders to 61, allows brokers to service a broader range of customers.

“We’ve intentionally developed a lender panel where broad-spectrum lenders are available to our brokers, alongside the bespoke,” said Mr Scahill.

“Granite Home Loans allows professionals to harness their educational background and industry qualifications and experience to borrow for an owner-occupied property. 

“Granite Home Loans’ approach adds to Loan Market Group’s portfolio of lender specialists, which spans first home buyers to retirees, business owners to investors.”

He continued: “We’ve added Granite Home Loans to our growing panel to ensure our brokers have as many varied and specialist solutions available to them. 

PROMOTED CONTENT


“This way, they can serve their customers better, faster and for the long haul.”

Granite Home Loans co-founder and director Bridget Sakr said that saving the deposit was the largest obstacle to home ownership. 

“At Granite Home Loans, we’re convinced there’s a huge segment of professionals who should be deemed credit-worthy and can afford to repay a mortgage but get turned away by mainstream lenders because they have no or low deposit,” she said.

“We’ll back professionals with pristine credit records and well-paying, secure jobs of at least three years, up to 100 per cent (of the purchase price) without applying LMI.

“We’re excited to partner with the Loan Market Group team, which likewise appreciates that no two borrowers are the same and have a commitment to unearthing solutions for everyone,” she concluded. 

[Related: Loan market expands lender panel]

Loan Market partners with 100% LVR lender
loan market new ta
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

loan market new ta
Hannah Dowling

Hannah Dowling

Hannah Dowling is a journalist for The Adviser and Mortgage Business.

Prior to joining Momentum Media, Hannah worked as a content producer for a podcast catering to property investors. She also spent six years working in the real estate sector at a local agency. 

Email Hannah at: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

more from the adviser
damian zaleski RYyr k3Ysqg unsplash

Breaking News

GetCapital launches broker platform

The business lender has rolled out a new broker platform, as it h...

fixed rate

Breaking News

Loyalty tax issue flagged to MPs

Brokers are key to holding lenders to account to ensure borrowers...

trade deal contract

Breaking News

Connective launches trail book marketplace

The aggregation group has announced a new arrangement with a spec...