Partial Full Doc Residential Loan Facilities
(BAS or Trading Statements)

Who is this for?
Union Fidelity can comply with NCCP Loans on a referral basis, however the majority of residential loans we settle are Non-NCCP

LVR:
Up to 80% LVR – as we do not facilitate loans that require LMI

Terms:
Up to 30 year loan terms for Investment and Owner Occupied

Rates From:
3.8%
Comparison Rate:
5.05%

Zoning:
Residential and Rural Residential (up to 100 acres Non Income Producing)  Security Properties

Geographical Limitations to:
The Eastern Seaboard of Australia risk category 1&2 only

Borrowing Entities:
Individuals, Companies and Trusts

Purpose:
Purchase / Refinance / Consolidation / Equity Takeout
Business or Investment

Servicing Requirements:
Last 12 months BAS (Business Activity Statements) OR
Last 12 months Trading Statements and
6 months business and personal bank statements & 6 months statements for any other credit facilities

Clawbacks:
Not Applicable as no trailer income is paid

Credit Impairments:
On a case-by-case basis

Lenders Settlement:
1.1% from settlement

Union Fidelity:

1.1% from settlement. 0.1% of loan amount Processing Fee. (min $990)

Introducing Broker:
1.1% from settlement

Valuations:
Valuations will be undertaken on the basis of land + fixed non-specialised buildings excluding chattels, crops, irrigation, water allocation.
All valuations will be undertaken on the basis that the property is readily salable within a 6 month period.

Unacceptable Securities
Vacant Land, Land Banks, Construction, Petrol Stations and Service Centres, Contaminated Sites, Schools, Places of Worship or Religious Connotations, Childcare Centres, Hotels, Marinas, Nursing Homes, Boarding Houses, Clubs, Subdivisions

Legal Fees
Std Fees From $695 with no existing mortgage