9 February 2012

La Trobe Financial products hit record volumes

"La Trobe Financial's lending desk is noting record loan origination volumes" Head of Credit Mr Cory Bannister stated to the national sales team in Melbourne last week. The volume uptick appears to be the result of stronger demand from brokers looking to place near prime loans in an efficient and timely manner. "We excel at speed of application and fast settlement for all our clients" said Cory, "it's our point of difference, always was and always will be".

With long term funding lines now in place until 2016 for new lending, La Trobe Financial is well placed to assist brokers growing needs for an alternative lender to the major banks.

Craig Robertson, National Relationship Leader added the four (4) key products hitting all the right buttons for brokers right now are our Full doc Residential ("FDR"), Self-Employed Lite, Cash out mortgage, and Commercial loan products. Details of which are:

Full doc Residential ≤ $1.5m
LVR 80%: ≤ $750k, 75%: ≤ $1m, 70%: ≤ $1.5m
Purpose Cash out, purchase, refinance and debt consolidation
CRAA Up to 4 defaults^ < $25k total
Rate From 8.34% (includes trail commission)
Term 40 years
Application fee 0.5% min. $550
Serviceability Full doc
Broker commission - 0.20% ongoing trail
- Upfront 0.50% no claw back
A full doc residential loan up to a 40 year term to 80% LVR without LMI, and credit defaults up to 4 less than $25k in total for borrowers who have proven capacity to repay but experience a life event on their credit file.

Self employed Lite doc < $1m
LVR 80%: ≤ $750k, 75%: ≤ $1m
Purpose Purchase, refinance and debt consolidation and limited Cash out (10%)
CRAA Up to 4 defaults^ < $25k total
Rate From 9.05% (includes trail commission)
Term 30 years
Application fee 1.0% min. $890
Serviceability Lite doc (No LMI or BAS statements required)
Broker commission - 0.20% ongoing trail
- Upfront 0.50% no claw back
Whilst some lenders have withdrawn from self-employed borrowers, La Trobe Financial remains committed to this important segment of our economy, with no BAS statements or LMI required.

Cash out (Residential or Commercial) < $750k
LVR 70%
Purpose Unlimited Cash out
CRAA Up to 3 defaults^ < $15k total
Rate From 9.05% (includes trail commission)
Term 2 years
Application fee 1.25% min. $890
Serviceability Lite doc (No LMI or BAS statements required)
Broker commission - 0.20% ongoing trail
- Upfront 0.50% no claw back
Our flagship mortgage, the Cash out 70% LVR, gives brokers and borrowers greater flexibility to access real property equity up to $750k for broad purposes.

Commercial loans < $1.5m
LVR 70%: ≤ $750k, 65%: ≤ $1.5m
Purpose Purchase, refinance and debt consolidation
CRAA Up to 4 defaults^ < $25k total
Rate From 9.20% (includes trail commission)
Term 2 years
Application fee 1.25% min. $890
Serviceability Full/Lite doc (No LMI or BAS statements required)
Broker commission - 0.20% ongoing trail
- Upfront 0.50% no claw back
A unique feature of our commercial loans is that they are available on both a Full doc and Lite doc basis.

Please call La Trobe Financial on 1800 707 707 today, or call our local Business Development Manager in your State to discuss enquiries further.


Best regards

Iain Pepper


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Iain Pepper
Head of Lending

t  +61 3 5177 1767
e  ipepper@latrobefinancial.com.au

Craig
Craig Robertson
National Relationship Manager
0447 599 664
Daryl
Daryl Hill
National Relationship Manager
0408 566 524
Janelle
Janelle
Barnes
BDM - QLD/NT
0409 435 559
Suzanne
Suzanne
Hemsworth
BDM - NSW/ACT
0421 029 691
Toby
Toby
Owen
BDM - WA
0421 029 687
Michelle
Michelle
Bannister
BDM - VIC
0408 566 518
Steve
Steve Lawrence
Senior Commercial Lending Manager
03 8610 2807
Cory
Cory Bannister
Head of
Credit
0403 361 026
Darlene
Darlene Musgrove
Credit
Manager
03 5177 1670
Andrew
Andrew Mercer
Credit
Manager
03 5177 1652
Mercy
Mercy Bvirakare
Credit
Manager
03 5177 1607
Jimmy
Jimmy Mc Grath
Underwriter
03 5177 1660
Luke
Luke Jones
Underwriter
03 8610 2816
Mark
Mark Stratton
Underwriter
03 8610 2832
Melissa
Melissa Greenwood
Underwriter
03 5177 1798
David
David Ladd
Underwriter
03 5177 1770
Katie
Katie Paulet
Underwriter
03 5177 1718
Linda
Linda Gorski
Asset Retention
03 8610 2817
Phil
Phil Wilson
Asset Retention
03 5177 1656
 






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. ^All defaults are considered in responsible loan assessment. All loans are fully assessed to meet responsible lending requirments. All features and interest rates are current as at the date of publication.