Non-bank lender Homeloans Ltd has bolstered its suite of products releasing the new FlexiChoice Prime product.
The FlexiChoice Prime requires no credit scoring on applications with genuine savings up to 90 per cent plus LMI.
Homeloans’ general manager sales Greg Mitchell said the product is designed to benefit both brokers and borrowers.
“Homeloans is one of very few lenders in the market that can offer a no credit scoring up to 90 per cent plus LMI; it provides us with another niche product to offer better solutions for our brokers”
The product is designed for owner occupied property purchases only and requires a clear credit history and has some employment criteria.