21 October 2010

No changes to commissions at La Trobe Financial

Over the last few weeks we once again see changes in commission structures offered by a number of the larger financial institutions, and with market commentators continuing to speculate on who or what will be next I wanted to take this opportunity to mention that we are making no changes to our commission structures.

"That is no clawbacks on upfront commissions, full trail payable from the start of the loan and no volume hurdles".

We remain committed to our brokers and with the increasing professionalism, the new regulations and protection for our customers it would seem that by cutting commissions or placing higher qualifying criteria goes against these requirements and it is not on the agenda for us.

Similarly we continue to offer products that are available to some of your customers who may have been declined by the larger financial institutions because they fail a credit score or have encountered some minor default in the past.

Our Full Doc Credit Repair product is specifically designed to accommodate these customers and we continue to see an increase in the number of loans that are being placed with us for these very reasons.

Rob Cumming from HNW Planning and Broker2Planner Mentoring agrees stating "with the tightening standards in the market place by the major lenders there's great opportunity and a genuine need for non bank lenders such as La Trobe Financial to fill the gap".

With loans available to 80% LVR and a maximum of 4 defaults totaling $25,000 your clients can consolidate their debts, access their equity, purchase their own home or purchase investment properties.

We think you will see us as a continuing alternative to the banks. So do what hundreds of Brokers do and call our on the spot broker hotline weekdays 8AM to 6PM on 1800 707 707 and speak to a decision maker today.

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