09 December 2010

La Trobe Financial - Lite Doc LVR increased to 80% and product range widened

Welcome to our monthly newsletter for December 2010 which we are issuing a little early this month as we have some exciting news.

Express (Lite Doc) is now available to 80% LVR

Our express loans are designed for your self-employed clients and we are now pleased to increase the maximum LVR to 80%. Available for purchase, be it owner occupied or for your property investors we now offer one of the best LVR products in the market.

With property prices a little soft, maybe it's time for that bargain?

And there's more....for clients wanting to refinance for a better rate or consolidate their debts, all refinances allow for an additional 10% cash out to cover costs and incidentals.

Importantly, there are no mortgage insurance costs. We do not charge higher risk fees and with no early repayment or DEFs, this makes it one of the most flexible products in the market.

Express (Lite Doc) Credit Repair is now available

At La Trobe Financial we continue to offer a flexible approach to lending and now make our popular Full Doc Credit Repair product available for self-employed borrowers with the Express product range.

We will accept your clients with defaults of up to $25,000 (maximum 4) excluding minor Telco's up to $1,000.

With LVRs up to 75% we have the full range of products available to your clients. That is Purchase, Refinance, Debt Consolidation, and as per our 80% product all refinances come with an additional 10% cash out to cover incidentals or costs, where requested.

Available for a 2 year term we look forward to repairing your clients' credit history and upon expiry of the term can look to renew the loan for a longer term P&I loan including an interest only option available for up to 5 years.

Paying commissions from day one and with no volume hurdles we think you will continue to see us as a real alternative to the banks.

So where the banks cannot help, La Trobe Financial probably can.

The Year Ahead

La Trobe Financial will continue to support its brokers with a number of new products and enhancements and we look forward to working with you, in what we believe, will be a very exciting year ahead.

Until then, we wish you all a safe and Happy Christmas and a successful New Year 2011.

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