Edition #10

New marketing material

The marketing team have been hard at work keeping up to date with industry changes, in particular NSW stamp duty. We’ve also introduced new Facebook tiles and collateral to help your customers navigate the loan process at a glance.

To see the new collateral, click on the links below which will take you to where it lives on PrintUI.

Loan Process
Facebook tiles
NSW stamp duty

e-Signatures are coming

You will soon be able to have your customers sign and return documents electronically without having to make an appointment.

e-Signatures will be implemented in the coming weeks allowing your customers (and yourself) to sign documents electronically. You can now easily have your documents signed and returned in a matter of minutes without the need to make an appointment. So this means no more printing, faxing, posting or scanning documents.

The process is as simple as creating a new transaction, selecting your documents for signing, adding your recipients and sending. It also gives you the flexibility of having any document signed electronically with a simplified dashboard of tracking your transactions.

e-Sign will be a separately priced tool, excluded from your One System fee but at a significantly reduced price for what you would pay if you purchased your own license.

We are currently in pilot phase and will soon be launching this to the network so watch this space.

Click on the below link to register your interest for e-Sign


Loan Market Go rate reduction

Loan Market Go have introduced two highly competitive special offers for new owner occupier and residential investor principal and interest loans.

For more information on the reduced rates, see below.

  • 3.74% p.a. (comparison rate 3.88% p.a.) on a new owner occupier, principal & interest variable rate loan. That’s a 0.15% p.a. discount off the carded rate.
  • 4.24% p.a. (comparison rate 4.38% p.a.) on a new residential investor principal & interest variable rate loan. That’s a 0.07% p.a. discount off the carded rate.

These special rates are available for new lending only. A minimum loan amount of $200,000 and a maximum LVR of 80% apply.

In addition to the rate reduction an important reminder to ensure you receive fast approval times, quality of loan submission is key. Below are the 5 minimum requirements:

  • Application Form – signed and dated
  • Privacy Act Consent Form – signed and dated
  • Broker Declaration – signed and dated
  • 100 Point ID Form – signed and dated with legible identification documents
  • Completed Serviceability Calculator with living expenses completed, including supporting documentation

For the full update, new rate card and key fact sheets click here.

Also just a reminder that there have been some recent credit policy changes. Effective Saturday
10 June 2017, Advantedge will require a new maximum LVR on Interest Only loans of 80% inclusive of applicable LMI, and a new maximum LVR on vacant land and construction loans of 90% inclusive of applicable LMI. For the full article, see here.

Wealth Market Pilot now open to all brokers

You can now be part of the Wealth Market pilot which means you can offer your clients extra benefits and services.

Offer clients an obligation free meeting with a Wealth Market adviser and give them access to the tailored personal protection advice they deserve.

The Wealth Market pilot is now open to all brokers. Contact Andrew.ash@wealthmarket.com today to make sure your referral agreement is in place.

What are clients saying?

"It was a good process. I'm now paying lower premiums, for double the level of cover and it's fully underwritten - so I know exactly what we're covered for"

"I had no idea I could make some of the payments from my superannuation. That's been a real surprise"

"I was really happy. Justin was great and he explained everything really clearly. I actually wish I'd talked to someone earlier. The outcomes were really worthwhile"

Car buying message to Ray White

Sam White has filmed a video message reminding the Ray White network of the special car buying service they can access through Loan Market brokers. The video will be sent out in Ray White’s newsletter, Whiteboard Weekly.

Watch the video here

Congratulations to our award winners

We are proud to announce our three winners so far from this year’s MFAA excellence awards. A big congratulations to Candice Geiles, Brett Richardson and Aaron Greffenius.

See below for the categories taken out by each winner.
The VIC and QLD awards night are coming up so keep an eye out for (fingers crossed) more winners.

Brett Richardson - Motor vehicle and equipment finance broker award, WA

Candice Geiles - Newcomer Award, WA

Aaron Greffenius - Motor vehicle and equipment finance broker award, NSW