16 September 2010

Welcome to our new look lending news.

Welcome to our new look Lending News which now mirrors our redesigned website, so why not have a quick look at www.latrobefinancial.com.au and see what you think.

At our website you can access all the information you need about our products, forms and features. Have you logged into our broker portal and registered to have automatic updates on your applications sent directly to your email address as they progress through the approval process? If not, why not try that too.

Whilst this is a new look Lending News we want to continue to ensure it is relevant and informative. In order to do this, we have moved it to monthly, and over the next few months we will highlight a specific product or tip on our lending business, to assist you and your clients.

This month we take a look at the treatment of rental income in the serviceability calculation.

At La Trobe we use 80% of the rental received in the serviceability calculation. Importantly, where the investment property is currently vacant, we will continue to assume 80% of the expected rental figure, as confirmed by the Valuer.

This rental allowance is available across all of our products, be it for an investment purchase, or in respect of refinances (which includes Cash Out and Debt Consolidation), or further investment purposes. Better still that's on all security types: Commercial, Industrial or Residential.

Looking a little deeper into acceptable income, you will know we continue to offer our Express product to a maximum 75% LVR on residential property; and for your self-employed clients that means we simply need an accountants certificate and an income declaration from the applicants, no BAS required.

If you have PAYG clients, then it's two most recent pay-slips and a letter from their employer.

So do what hundreds of brokers do and call our on the spot Broker Hotline and speak to a decision maker today, or if you prefer follow our link to our product guide for the detailed information.

Log into our Partner Portal to view the Product Guide

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