Why Mortgage Street?
As more Australians choose brokers as their lending specialists, Mortgage Street is committed exclusively to supporting mortgage brokers in building quality, customer-focused businesses. With no risk of channel conflict, our dedicated broker channel offers low rates and fees, with a bias toward low LVRs. Backed by a team of dedicated BDM, we provide full support every step of the way. Plus, we're continuously developing digital solutions for every phase of the customer lifecycle—making everything easier for mortgage brokers and their clients
Mortgage Street Benefits for Mortgage Brokers
Rapid Quote
Get a quote within 24 hours, with a system in development that will deliver accurate quotations in seconds, allowing mortgage brokers to respond quickly to client needs.
Increasing Opportunities
Mortgage Street provides tools and support that open up new lending opportunities, enhancing brokers’ chances for conversions and client retention.
Certainty & Confidence
With Mortgage Street's reliable processes and dedicated support, brokers can approach each deal with certainty and confidence, knowing they have a trusted partner by their side.
Transparency
Mortgage Street prioritises clear communication and transparency in all transactions, ensuring that mortgage brokers and their clients are informed and aligned throughout the process
Wide Range of Products
Offering a diverse portfolio that includes non-standard, non-conforming, and out-of-the-box scenarios, Mortgage Street equips brokers to meet unique client needs effectively
Wide Range of Calculators
With an array of calculators available, Mortgage Street helps brokers easily assess various loan scenarios, enabling them to provide informed recommendations to clients
Competitive Interest Rates
Brokers can access highly competitive interest rates, allowing them to present attractive options to clients and enhance their market positioning.
Who can get accredited?
- Independent ACL holders
- ACL holders who require an off-panel request from their current aggregator
- Authorised credit representatives with an approved aggregator
- Authorised credit representatives, even if their aggregator isn't accredited with us
- Any permanent Australian resident who meets all requirements, even if they're not an authorised credit representative or ACL holder
01
Any permanent Australian resident
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ACL holder or an authorised representative with an approved aggregator
Helpful guides & forms
- MSt 001 Customer Information Collection
- MSt 002 Payroll Authority form
- MSt 003 Loan Scenario form
- MSt 007 Applicant details verification
- MSt 011 Lo-Doc Declaration Accountants Verification
- MSt 012 Full Partial Discharge Authority
- MSt 013 Rate Review Form
- MSt 014 Gift Declaration Form
- MSt 015 Direct Debit Request
- MSt 028 Buying Your First House
- MSt 063 Bespoke broker premium
- MSt 067 Everyday transaction account
- Loan Application Documentation Checklist
- MSt 134 Request for Hardship Assistance
Don’t let your unique situation hold you back, explore the all mortgage options offered by Mortgage Street.
Good Borrowers
Specialist loan
Relocation loan
Convenient calculators
Broker FAQs
What happens if you are an ACL holder?
A bridging loan is a short-term loan that helps finance the purchase of a new property while you're in the process of selling your existing one. It can also be used to fund the construction of a new home while you remain in your current property. Mortgage Street offers bridging loans, also known as relocation or downsizing loans.
What if you are not an ACL holder? Can we still do business with you?
A bridging loan is a short-term loan that helps finance the purchase of a new property while you're in the process of selling your existing one. It can also be used to fund the construction of a new home while you remain in your current property. Mortgage Street offers bridging loans, also known as relocation or downsizing loans.
What if a broker is under an aggregator?
A bridging loan is a short-term loan that helps finance the purchase of a new property while you're in the process of selling your existing one. It can also be used to fund the construction of a new home while you remain in your current property. Mortgage Street offers bridging loans, also known as relocation or downsizing loans.
If their aggregator isn’t accredited with Mortgage Street, they can request an off panel accreditation.
What is a bridging loan, and how does it work?
A bridging loan is a short-term loan that helps finance the purchase of a new property while you're in the process of selling your existing one. It can also be used to fund the construction of a new home while you remain in your current property. Mortgage Street offers bridging loans, also known as relocation or downsizing loans.
Do tax returns matter when borrowing money?
Yes, tax returns are preferable but not essential, Mortgage Street welcomes Full, Alt, Lo & No doc applications.
Do tax returns matter when borrowing money?
Yes, tax returns are preferable but not essential, Mortgage Street welcomes Full, Alt, Lo & No doc applications.
What is a reverse mortgage?
A reverse mortgage allows homeowners, typically asset reach & cash poor individuals, to access the unencumbered value of their property without requiring monthly mortgage payments.
What is the maximum LVR for a No Doc Loan?
The maximum LVR for a No Doc Loan is 85%.
What if brokers or clients want more than 85% for a No Doc Loan?
Mortgage Street can facilitate or fund a second mortgage for amounts exceeding 85%.
For relocation loans, what is the maximum LVR?
For relocation loans, the maximum LVR is 85% for Full Doc and 60% for Lo Doc, based on the combined value of the properties.
Can Mortgage Street provide a 30-year Principal and Interest loan for expats?
Yes, we offer Principal and Interest loans for expats.
In what instances can Mortgage Street provide borrower rates?
We can offer borrower rates for every loan type and scenario, including residential, commercial, SMSF, car, or personal loans.
What is a green construction loan?
A green construction loan offers discounts if the home built meets specific environmental standards based on the Nationwide House Energy Rating Scheme (NatHERS), which rates energy efficiency on a scale of 1 to 10.
Can Mortgage Street do SMSF without independent legal financial advice?
Yes, we can accommodate a dollar-for-dollar refinance, provided the borrower demonstrates sufficient knowledge and experience, along with a valid reason for not seeking independent advice.
What is rate lock?
Rate lock preserves a customer's fixed rate if interest rates rise and allows them to take advantage of lower rates if they fall.
How much does a valuation cost?
Valuations typically range from $300 to $400 for average properties, with higher costs for more expensive properties or those in remote locations.
What are the requirements for non-resident borrowers?
Applications involving non-resident borrowers can be treated as resident loans if the primary borrower on the title is a resident. Non-resident applicants must have a nominated Australian domiciled Power of Attorney for settlement.
Do you offer a cashback?
No, we do not offer cashback; instead, we provide low rates to benefit our clients.
Can the monthly facility management fee be waived?
Yes, we are happy to waive the monthly facility management fee if the customer agrees to deposit all their income into their 100% offset account.
Can the client use gift money from parents to add to the money for buying a house?
Yes, homebuyers can use cash gifts as a deposit, provided they can demonstrate the ability to repay the lender.
If parents give money to their daughter as a loan with 0% interest and no repayment required, will Mortgage Street consider that a loan?
No, Mortgage Street does not consider this arrangement as a loan.
Can clients receive gift money from their parents without tax implications?
Can clients receive gift money from their parents without tax implications? Yes, clients can generally receive gift money from their parents without tax implications. Gifts and inheritances are typically not considered income and are not subject to Australian taxes. However, for more detailed information, it’s recommended to check with the Australian Taxation Office (ATO) for any specific rules or updates regarding gifting.
What do I do if I have a scenario to submit?
To increase opportunities, certainty, and confidence, complete the MSt 003 Loan Scenario form provided.
What is the standard turnaround time for brokers submitting scenarios?
Typically, we provide a response within 24 hours, but we are developing a rapid system to deliver accurate quotes in seconds.
With casual employment, what is the minimum tenure acceptable?
A minimum of 6 months in current employment is required. If employment is less than 6 months, there should be at least 1 year of continuous employment in the same industry.
Can Mortgage Street accept applicants with less than 1 year of employment?
Yes, our Optimax product range accepts employment of less than 1 year, allowing for interest rate reductions combined with a loan product switch.
Does Mortgage Street consider 100% of overtime income?
Yes, we typically accept 100% of overtime income for customers with demonstrable good credit.
When is the right time to obtain a second mortgage?
A second mortgage can be obtained at any time after the first mortgage is approved, as long as there is sufficient equity.
How do I organise a valuation?
Brokers don’t need to arrange valuations, as Mortgage Street automatically organises them after preliminary approval.
What’s the Difference Between Mortgage House and Mortgage Street?
Mortgage House is a leading B2C distributor of mortgages, focusing on direct-to-consumer services. In contrast, Mortgage Street specialises in B2B mortgage solutions, partnering with professional brokers to deliver tailored lending products and services.
Which is Better: Stand-Alone Loans or Cross-Collateralisation?
Stand-alone loans are typically favoured by property investors due to the complexities of cross-collateralisation.
They offer:Greater control over property portfolios.Easier fund allocation after selling a property.
Does Cross-Collateralization Incur Additional Charges?
Yes, a 0.35% additional loading fee applies when multiple securities are included per tracking number. This fee helps avoid complications related to partial discharges and streamlines management.
Does Mortgage Street Provide Non-Banking Services?
Yes, Mortgage Street offers a suite of non-banking services that complement its mortgage solutions:
Transactional Accounts: These accounts now feature: A Visa Debit Card for secure transactions. Google Pay and Apple Pay integration for fast, digital payments. 100% Offset Accounts: Transactional accounts are free when paired with any offset account.
Can Clients Have Multiple Offset Accounts on a Single Loan?
Absolutely. Mortgage Street supports up to ten (10) offset accounts for a single loan, providing unmatched flexibility and advanced financial management options.
Are you a lender or mortgage manager?
Mortgage Street is a fully licensed Australian independent lender and standalone funder, dedicated to empowering mortgage brokers and entrepreneurs with tailored financial solutions. With a reputation for innovation and a commitment to excellence, Mortgage Street is ready, willing, and able to help brokers find the right loan solutions for their clients.