Single Unit Residential Dwelling

Who is this for?
Companies, Trusts and Individuals
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 70% GVR not to exceed 80% of “hard costs”
65% of Vacant Land Value for initial drawdown

Rates From:
7.5%

Zoning:
Residential Securities in Security risk category 1&2 only only on the Eastern Seaboard

Purpose:
Construction – Single Dwelling

Servicing Requirements:
Full Doc -Last 2 years Personal and Business Financial Statements, Tax Returns and Assessment Notices
6 months business and personal bank statements & 6 months statements for any other credit facilities
Low Doc– Provision of Accountants Letter and
6 months business and personal bank statements & 6 months statements for any other credit facilities
or
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:
1.25% from settlement

Lenders Application Fees:
Nil

Union Fidelity:
1.1% from settlement.
0.1% of loan amount Processing Fee. (min $1050)

Introducing Broker: 
1.1% from settlement

Valuations:
Standard Commercial From $1 per $1000 in value with no travel

Legal Fees Std Fees From
$695 with no existing mortgage