28 January 2010

La Trobe leaps into New Year

La Trobe's near bank lending products have been well received by brokers as they continually seek a lender alternative to place deals, recognising the need for greater competition within the Australian lending market.

As the economy begins the New Year with increased confidence, La Trobe has positioned itself with some key lending products that allow brokers to place loans when they might otherwise have hit one or more hurdles. 'Our long term funding lines, combined with the versatility of La Trobe's award winning Mortgage Fund, allows us to be creative and nimble with our lending products to meet the needs of the market,' Head of Sales Kevin Arkell stated in the new year. 'Combined with the stable commission structure and dedication to personalised service, La Trobe meets the needs of brokers who have clients who may have a credit blemish due to a life event on their credit file.'

La Trobe offers a full suite of Full Doc and Express (Low Doc) loan products for Prime, Clear and slight to moderate credit impaired borrowers. An example of the Full Doc Residential (FDR) and Express (Low Doc) criteria follows. Whilst some lenders have withdrawn from self-employed borrowers, La Trobe remains committed to this important segment of our economy, with no BAS statements or LMI required.

Contact your state based BDM or one of our underwriters to discuss any loan scenario - put our service to the test and leap into the new year with La Trobe.


Purpose Cash-out, Purchase, Refinance and Debt Consolidation
Max LVR 95% 80% 80% 80%
# Defaults 0 1 3 4
$ Defaults 0 < $5,000 < $15,000 total < $25,000 total
Other Arrears 1 month,paid
within 7 days
1 month 2 months 2 months
Terms 40yr P+I (up to 5yr IO) 40yr P+I (up to 5yr IO) 40yr P+I (up to 5yr IO) 40yr P+I (up to 5yr IO)
Application Fee 0.5% (min $550) 0.5% (min $550) 1.0% (min $890) 1.0% (min $890)
Rate p.a.(from) 7.09% 7.59% 8.09% 8.34%
Serviceability Full Doc


Purpose Purchase, Refinance and Debt Consolidation
Max LVR 80% 75% 75% 70%
# Defaults 0 1 3 4
$ Defaults 0 < $5,000 < $15,000 total < $25,000 total
Other Arrears 1 month, paid
within 7 days
1 month 2 months 2 months
Terms 40yr P+I (up to 5yr IO) 40yr P+I (up to 5yr IO) 2yr IO 2yr IO
Application Fee 1.0% (min $890) 1.0% (min $890) 1.25% (min $890) 1.25% (min $890)
Rate p.a.(from) 8.65% 8.80% 8.95% 9.20%
Serviceability Lite Doc (No LMI or BAS Statements required)

Best regards
Iain Pepper


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Iain Pepper
Head of Lending

Iain Pepper is a Vice-President and the Head of Lending for the La Trobe Group.Read full profile here.

La Trobe is one of Australia's leading independent specialist mortgage Financiers. Its business includes residential mortgages, commercial mortgages, and investment services operating one of Australia's largest Mortgage Funds under AFSL 222213. It employs over 145 staff and has raised over AUD$10Billion to assist over 100,000 customers since inception in 1952.

Copyright 2010 La Trobe Financial. All rights reserved. No portion of this may be reproduced, copied, or in any way reused without written permission from La Trobe Financial. Disclaimer

IMPORTANT: This message, together with the La Trobe Financial website (www.latrobefinancial.com.au) and all its contents have been prepared for general information only and should not be taken as legal or financial advice, and as such the specific needs, investment objectives or financial situation of any particular user have not been taken into consideration. Individuals should therefore talk with their financial planner or advisor before acting on any information present on this message or the La Trobe website. La Trobe Financial Asset Management Limited ABN: 27 007 332 363 and AFSL No: 222213 is the issuer and manager of the La Trobe Australian Mortgage Fund. It is important for you to read the Product Disclosure Statement for the Fund before you make any investment decision. You can get a copy of the PDS by calling 1800 818 818. You should consider carefully whether or not investing in the Fund is appropriate for you. (1) The rates of return from the Fund are not guaranteed and are determined by future revenue of the Fund, and may achieve lower than expected returns. Investors risk losing some or all of their principal investment. (2) The rating report is available on the La Trobe website or upon request. The rating is only one factor to be taken into account in deciding to invest. (3) Withdrawal rights are subject to liquidity and may be delayed or suspended. (4) Rates (where shown) are indicative and for information purposes only and must be confirmed by your La Trobe loan manager upon formal application. Rates are subject to change. Please refer to http://www.latrobefinancial.com.au for full comparison rate schedule