Here’s some exciting news from one of our lender partners that we think you should know about.

December 03, 2024

At Finance Prospects, we’re always keeping an eye on the latest updates from lenders to ensure we bring you the most relevant and flexible solutions. 

Here’s some exciting news from one of the lenders we work with that we think you should know about.

From 12 December 2024, this lender will introduce 40-year loan terms for their Prime Home Loan option. This change is designed to help clients who may be struggling with serviceability, offering a practical and flexible pathway to homeownership.

Additionally, they’ve made several immediate updates to their product offerings. The Accountant’s Letter is now available for Near Prime Clear Alt Doc Loans up to $3 million, creating more opportunities for self-employed borrowers. They’ve also clarified criteria for maximum exposure limits, making it easier to navigate lending requirements. Lastly, eligibility for Automated Valuation Models (AMVs) and External Valuation Reports (EVRs) has been expanded, ensuring more clients can qualify under these updated guidelines.

These enhancements reflect the lender’s commitment to providing innovative options, and we’re thrilled to have access to these changes for you.

If you’d like to learn more about how these updates could benefit you, please get in touch with us. We’re here to help you take advantage of these opportunities and find the right solutions for your needs.

Stay tuned for more updates as we continue working with our lender partners to bring you the best options available.