With the national average house price now exceeding $1 million, affordability remains a challenge for many prospective buyers.

As property prices and cost-of-living pressures remain, brokers are increasingly working with clients seeking flexible finance to enter the market sooner.

For nearly 30 years, Liberty has partnered with brokers to deliver home loan solutions for those unable to be served by traditional banks or simply prefer an alternative pathway.

Liberty group manager – residential, Caesar Ibrahim, says looking beyond an application has been a significant point of difference.

“From low-doc options supporting the self-employed, to custom loans for those with complex credit histories, we’re always seeking new ways to boost the borrowing power of Australians,” says Ibrahim.

And Liberty’s latest product updates have the potential to help even more home buyers make their savings go further, faster.

Boosting low deposit options

Liberty recently released a suite of residential product updates, including increased loan limits, lower rates, and 40-year loan terms.

At the same time, Liberty also refreshed Swift – a product for those looking to avoid depleting their savings on a home purchase or finding it challenging to save a 20 per cent deposit.

For eligible borrowers looking to borrow above 85 per cent LVR, Swift offers a compelling alternative to traditional LMI. With Swift, borrowers will also experience a smoother process to approval, thanks to the fully in-house assessment, eliminating the need for third-party insurers and reducing friction in the lending journey.

With a 2 per cent serviceability buffer, Swift is a smart option for borrowers looking to use a smaller deposit to buy their first home.

Supporting first home buyers

Ibrahim says Swift is a great option for a range of borrowers with strong serviceability, including first home buyers who want more low deposit options.

“Imagine a couple with strong income and significant shareholdings, but no deposit saved,” Ibrahim says.

“Or, perhaps they have enough saved for a 20% deposit, but want to retain some funds for other investments, necessities, or big life plans.

“With Swift, they could buy a home with a low deposit. There’s bigger potential to save time and money and it gives brokers a way to help clients sooner, with greater flexibility.”

Flexible lending backed by support

Liberty understands that no two borrowers are the same and believes home lending should feature greater choice to help more people access the funds they need.

“Liberty home loans are designed to be tailored to individual circumstances, with dedicated BDMs, underwriters, and support teams available to help brokers with scenarios,” Ibrahim says.

While Swift is the latest Liberty residential offering to provide smarter serviceability solutions, it won’t be the last. Brokers can expect continued innovation from Liberty to help borrowers achieve their home ownership dreams.