Leo Full Doc Clear and Prime 80% Leo Full Doc Clear and Prime 80%

  • 4.69%
    p.a Standard Variable
  • 5.19%
    p.a Comparison**
  • $12,155
    Upfront fees
  • $480
    Annual fees
  • 80%
    Max LVR
  • $2,023
    Per Month*

About Better Mortgage Management

Better Mortgage Management was voted No.1 non bank lender for two years in a row by Mortgage Brokers, for 2013 and 2014. They pride themselves for thinking outside the box having over 40 different loan products and can assist where other lenders can't or won't assist including our unsurpassed range of loans for self-employed borrowers. BMM is one of Australia's fastest growing mortgage managers committed to providing the best possible home loan options suited to the individual. They base their operation on efficiency, technology and commitment to service with an extensive range of flexible and competitive financial products.

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 80% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

0 - 30 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving
Not Required

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Credit Card
Internet Banking
Telephone Banking
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repayments Fortnightly, Monthly, and Weekly.

Interest Only Option
Max Interest Only
5 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.

Ongoing Monthly
Ongoing Yearly

Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


** Establishment fee is 1.10% of the loan amount. The Establishment Fee noted within this product spec is based on the HIGHEST loan amount for this product and should be adjusted/factored accordingly when presenting to consumers. ** * 5 year interest only option available – 0.30% loading applies * Suited to clear or credit impaired, self-employed occupier or investment borrowers - For purchase, re-finance and investment purposes (personal or business) - Loans for acreage > 100 acres available (must have house) - Unlimited consolidation, payout Tax debt, business debts (over limit & past due consumer debt considered) - Past Mortgage Arrears up to 3 months - Cash out – unlimited including working capital - Split rate facility available - Unlimited free redraw available via Phone Available up to 75% Max LVR for a single property construction. Credit impaired customers accepted. Separate rate during construction, before dropping down to Full Doc rate at the completion of construction (see Leo Rate sheet). Construction is unavailable in WA. Exceptions include 4 Units on 1 Title (contained under one continuous roof). All exceptions determined on a case by case basis by the funder. Security: All metropolitan (including inner city to 70%) and regional centres considered. Towns with a population >2000 people considered with reduced LVR and loan amounts Unacceptable – mining towns Will consider properties near Power Lines 4 flats on 1 title to 65%LVR BMM’s serviceability calculator is for use only with products & purposes specified in the calculator. BMM’s product suites each have their own serviceability calculator, please contact BMM to obtain the most up-to-date calculator for the relevant product suite: info@bettermm.com.au

LVR Notes

No LMI or Risk fee payable, For loans >80% LVR, LMI guidelines apply Credit impaired loans <80% LVR Construction loans available for category 1 & 2 locations up to 70% LVR with minor credit impairment


NO Genuine savings up to 80% - funds from any source

Fee Notes

Establishment Fee: O/O Properties, Clear & Prime <$1M – From 1.10% of loan amount Standard Full Doc – From 1.25% of loan amount Rural – From 1.25% of loan amount Construction – 1.75% of loan amount Lender’s legals paid by borrower Loan Settlement Fees $145 title insurance $130 electronic file fee $120 settlement disbursement fee

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided