Australian Broker’s Post

CommBank has announced cuts to both fixed and variable rates for owner-occupiers and investors, following similar moves by Westpac and NAB. Fixed rates for 1-, 2-, 3-, and 4-year terms have been reduced by up to 0.70 percentage points, while new customer variable rates are lowered by up to 0.35 percentage points, according to Canstar. These reductions are expected to increase housing market demand by making mortgages more affordable and potentially driving up property prices due to heightened competition. Homeowners might also consider refinancing to benefit from the lower rates, adding liquidity to the market. This could be an ideal time to invest in property. At Australian Land & Housing (ALH), we can assist you in navigating these changes. Contact us today for expert guidance. *This post includes information from 9 News and may include material from other sources, such as media releases, official correspondence, and publications. Australian Land & Housing accepts no responsibility for the accuracy of the information provided.* #alhsydney #australianlandandhousing #realestatesydney #investmentproperty #firsthomebuyer #propertyinvestors #realestateagency #propertymanagement #sydneyrealestateagency #propertydeveloper #propertymarketupdates #realestatenews #commbankrates #commbankreducerates #fixedrate #variablerate #reducedrates

Lloyds Banking Group have invested £3 MILLION in Coadjute to connect ALL parties involved in the homeownership journey 💷 🏡 📲 💰 The latest investment made by Lloyds Banking Group’s Fintech Investment team, who identify opportunities to invest in businesses from Seed to Series B that can drive strategic growth for Lloyds Banking Group AND provide techolutions for customers and clients. 🌿 🏘 The investment in Coadjute forms part of Lloyds Banking Group’s WIDER commitment to support the UK housing market, using its size and scale to help provide access to affordable, safe and sustainable homes. 👨💻 Robin Scher, Head of Fintech Investment at Lloyds Banking Group said: “We believe Coadjute’s innovative technology has the potential to revolutionise the property buying process for all, and dramatically improve the speed and simplicity of purchasing a home. As the lead investors, we have coordinated with key industry partners to support Coadjute in delivering their fundraise. “We look forward to working with them closely, continuing our strategic growth in the fintech sector but also as the UK’s largest mortgage provider, providing direct benefit to our customers and clients.” Find out more on the link below! 👇 Dan Salmons #lloydsbank #ukfintech #funding #seedfunding #seriesb #fintechsolutions #ukhousing #fintechnews #fintechinvestment

Did you catch these updates last week?📢 Here’s a quick highlight of some important changes across lenders: 🚀 ORDE Financial has enhanced their resi SMSF product: 🌟Loans up to $1.75m at 80% LVR. 🌟No liquidity requirements. 💡 Suncorp Bank updates living expense assessments: 🌟Owner OccStrata & Body Corporate fees now under "Primary Residence Costs" in the Financials tab. 🌟Land Tax for Owner-Occupied properties captured under "Other Regular Expenses." 🌱ING Australia Green Upgrade Loan: 🌟Borrow $5,000-$50,000 for energy-efficient upgrades at 3.74% fixed for 5 years + $2,000 cashback. 🌟Existing ING customers - Only 75 spots available—register fast via your 🌟BDM or refer to ING broker support! 🌟Strata fees and Body Corporate fees now included in HEM. 📑 Bank of Melbourne & Westpac 🌟Changes to refinances & second mortgages - check the details via the below link! https://lnkd.in/gKZKE9bd Upcoming Events ☕ Tomorrow: Coffee and Credit with ME Let’s talk all things LMI waivers for so many different industries! 📍 Free to join—register here: https://lnkd.in/gVcMU9Vi Have a great week ahead finance friends! #MortgageBrokers #SMSFLoans #GreenFinance #LenderUpdates #LeadGeneration #LMISolutions #NicheMarketing #BusinessGrowth #thebrokersbible

The Brokers' Bible, weekly Kath's Credit Crunch 23rd September📢 Resimac: Prime Alt Doc product provides: 🌟increased LVR to 90%, Self-managed Super Fund (SMSF). 🌟Loan amounts up to $1,000,000 🌟Max LVR of 90% (inclusive of LMI capitalisation) ANZ Effective today, ANZ continues to accept 1 year of financials for income verification for self-employed customers that do not require LMI (including customers eligible for LMI Waivers). For self-employed customers requiring LMI, there will now be two options for verifying income. 🌟Option 1: Customer provides 1 year's financials and a 20% shading will apply to the Net Profit Before Tax (NPBT). 🌟 Options 2: Customer provides 2 years financials - ANZ will complete variance testing on the NPBT by comparing the most recent year against prior year. NPBT may be shaded depending on the variance. Paramount Mortgages & Leasing 🌟3 Months ABN Uber/Courier - Cars up to $100k Commonwealth Bank CommBank launched a new one year self employed policy . With this new policy, your eligible self-employed customers can have their serviceability assessed using only their most recent year financial information! Refer to commbroker or inside The Brokers' Bible for all the details. 📢Other News🚀: 📢 The vote on the federal government’s Help to Buy shared equity scheme has been postponed for an additional two months.  📢 Fixed rates on the move downwards. Remember rate lock or discuss rate lock with your customers. Members - please check our library, we have the rate lock process for every lender listed including the forms to complete. 📢 Coffee and Credit tomorrow – talking all things Simplified Self Employed. 1 hour Deep Dive – register here for FREE:  https://lnkd.in/gAdBtXuU See you next week everyone!🙌 #thebrokersbible #lenderpolicy #brokersupport #mortgagebroker #bankpolicy #askanexpert #askabroker #awardwinningbroker

2024 looks to be a turning point in many financial markets, including commercial finance, after two years of a one directional #interestrate cycle.   Here are our thoughts on the outlook for #commercialmortgages in 2024. However, as with any good forecast, things are always subject to change and caveats, as we've seen with the three-way split in today's Bank of England #MonetaryPolicy Committee vote. https://lnkd.in/eFrfqmMB #BankofEngland #MPC #ratedecision #commercialfinance

📈 𝐌𝐨𝐧𝐭𝐡𝐥𝐲 𝐂𝐌𝐁𝐒 𝐃𝐢𝐬𝐭𝐫𝐞𝐬𝐬 𝐔𝐩𝐝𝐚𝐭𝐞: 𝐀 𝐂𝐥𝐨𝐬𝐞𝐫 𝐋𝐨𝐨𝐤⁣⁣⁣ 𝐃𝐈𝐒𝐓𝐑𝐄𝐒𝐒 𝐈𝐒 𝐎𝐍 𝐓𝐇𝐄 𝐑𝐈𝐒𝐄 - 𝐌𝐔𝐋𝐓𝐈𝐅𝐀𝐌𝐈𝐋𝐘 𝐓𝐀𝐊𝐄 𝐍𝐎𝐓𝐄⁣⁣ ⁣⁣⁣ The latest data from the CRED iQ team reveals some significant trends in the CMBS market. Our recent evaluation of payment statuses and special servicing indicates that the distress rate has climbed to a new record high of 9.1%, marking the sixth consecutive month of rising distress.⁣⁣⁣ ⁣⁣⁣ Here’s a breakdown of the key figures:⁣⁣⁣ ⁣⁣⁣ 𝐃𝐢𝐬𝐭𝐫𝐞𝐬𝐬 𝐑𝐚𝐭𝐞: Up from 8.8% to 9.1%⁣⁣⁣ 𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐢𝐧𝐠 𝐑𝐚𝐭𝐞: Remains steady at 8.0%⁣⁣⁣ 𝐃𝐞𝐥𝐢𝐧𝐪𝐮𝐞𝐧𝐜𝐲 𝐑𝐚𝐭𝐞: Increased by 66 basis points to 6.8%⁣⁣⁣ ⁣⁣⁣ 𝐀𝐬 𝐈’𝐯𝐞 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐞𝐝 𝐢𝐧 𝐩𝐫𝐞𝐯𝐢𝐨𝐮𝐬 𝐮𝐩𝐝𝐚𝐭𝐞𝐬, 𝐭𝐡𝐞 𝐞𝐫𝐚 𝐨𝐟 "𝐞𝐱𝐭𝐞𝐧𝐝 𝐚𝐧𝐝 𝐩𝐫𝐞𝐭𝐞𝐧𝐝" 𝐛𝐲 𝐥𝐞𝐧𝐝𝐞𝐫𝐬 𝐬𝐞𝐞𝐦𝐬 𝐭𝐨 𝐛𝐞 𝐜𝐨𝐦𝐢𝐧𝐠 𝐭𝐨 𝐚𝐧 𝐞𝐧𝐝. While this shift may lead to some small banks and commercial real estate investors facing difficulties, I believe it’s a positive development for the market. The end of this practice will likely lead to a necessary repricing of assets and an increase in transaction velocity, which is crucial for market health and stability.⁣⁣⁣ ⁣⁣⁣ 𝐒𝐭𝐚𝐲𝐢𝐧𝐠 𝐢𝐧𝐟𝐨𝐫𝐦𝐞𝐝 𝐚𝐧𝐝 𝐚𝐝𝐚𝐩𝐭𝐚𝐛𝐥𝐞 𝐢𝐬 𝐤𝐞𝐲 𝐚𝐬 𝐭𝐡𝐞𝐬𝐞 𝐜𝐡𝐚𝐧𝐠𝐞𝐬 𝐮𝐧𝐟𝐨𝐥𝐝. Let’s keep an eye on how the market evolves and the opportunities that may arise.⁣⁣⁣ ⁣⁣⁣ #𝐂𝐌𝐁𝐒 #𝐑𝐞𝐚𝐥𝐄𝐬𝐭𝐚𝐭𝐞 #𝐅𝐢𝐧𝐚𝐧𝐜𝐞 #𝐌𝐚𝐫𝐤𝐞𝐭𝐓𝐫𝐞𝐧𝐝𝐬 #𝐃𝐚𝐭𝐚𝐃𝐫𝐢𝐯𝐞𝐧 #𝐌𝐚𝐫𝐤𝐞𝐭𝐑𝐞𝐟𝐨𝐫𝐦

For intermediaries only. We’ve been voted as Best Buy on our two-year fixed rate Buy to Let product by Moneyfacts Group plc this week! 🏆 Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:   “This week, Leeds Building Society has launched a handful of new fixed rate offerings, one of which is a two-year fixed rate deal at 60% loan-to-value priced at a competitive 4.69% until 31 May 2026. The deal is available to second-time buyers and remortgage customers and charges a large product fee of £1,499, which may need to be considered. However, there is an enticing incentive package which may offset the cost, including a free valuation for all and, for those customers remortgaging, help towards costs. Overall, this product earns an Outstanding Moneyfacts product rating.” *Buy to let mortgages which are for business purposes are exempt from FCA rules. *Leeds Building Society is authorised and regulated by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

As a former Bank Manager myself, I realise how frustrating it can be when solid deals get declined at Credit. All of your hard work literally for nothing apart from of course you still have to give your customer the bad news! The next time this happens (and there will be a next time!) why don't you let PCF - expert finance brokers deal and see if it can be placed elsewhere in the market and create a successful outcome for the client? PCF are also actively looking to engage with former Bank Managers as Commercial Finance Brokers and become part of a 20 year established and highly successfull Brokerage. We also have a hybrid INTRODUCER role which is even more flexible, one which could generate excellent commissions but with PCF processing the case all the way to completion. No ongoing commitments. Our lending panel has never been better and even includes residential mortgages, life cover and income protection via PCF Mortgages Ltd So why wouldn't you be interested in turning declines into money? #commercialfinancebrokers #specialistlending #mortgagebroker #worksmart #customersatisfaction #PCF