Are you looking for a home loan product that offers your customers the flexibility and security they need to achieve their homeownership goals??
Look no further than Mortgage Street’s Liberal . This innovative product is designed to provide mortgage broker introduced borrowers with virtually unlimited Australian mortgage options, no mortgage insurance, making it an ideal choice for borrowers who want to avoid the added hurdles of mortgage insurance. Additionally. Equifax credit score, arrears & defaults are ignored with a reasonable explanation, And for those who need a little extra help, the risk fee can be capitalised. With these benefits and more, Mortgage Street’s Liberal is the perfect solution for your customers with express needs. Brokers are invited to internally refinance for their customers best and most suitable home loans secured by a first mortgage.
Niches
- Rates p.a. from: 7.05%*
- Maximum loan amount: $5,000,000
- Maximum LVR Full Doc: 95%
- Maximum LVR Alt Doc: 85%
- Maximum LVR Lo Doc: 85%
- Maximum loan term: 40 years
- Maximum borrower age: 85^
- Minimum borrower age: 18
- Minimum Equifax credit index: -200
- Minimum illion credit index: 0
- Up to 5 months in arrears
- Up to 5 default
- Dwelling size: 30sqm and above
- Land size: 100 hectares maximum
- Facility type includes construction loan & all SMSF
- Unlimited cash out
- 100% interest offset account
- Variable rates apply to IO repayments up to 10 years
- Fixed repayments for P&I and IO up to 5 years
- Wide range of security types inc. NDIS investments
- Broad overseas borrower eligibility
- Up to 10 dwellings on one title
- For this non-conforming loan, a risk fee replaces LMI, allowing for faster turnaround
For a comprehensive list of features, please refer to page 9 of the MSt 211 Mortgage Street Broker Rate Card
If you’re looking to expand your reach and cater to a diverse range of customers, consider Mortgage Street’s Liberal home loan product. This mortgage product is specifically designed to assist non-conforming or non-prime construction with all documentation types. This feature will allow you to offer your customers more options and help them find a mortgage that suits their unique needs
Additionally, Liberal also offers fast processing times and a streamlined application process, making it a convenient choice for both you and your customers. With Liberal , you’ll be able to provide your customers with a top-notch experience and set yourself apart from the competition by catering to a wider range of borrowers & securities.
As Australia’s premier alternative lending solution, our mission is to empower our brokers to achieve their goals
Our goal at Mortgage Street is to provide you your customers with first-class service and innovative products to help you deliver solutions to your clients who don’t fit traditional lending criteria. But if your clients don’t qualify for a bank loan, Mortgage Street can always find alternatives. With 24 mortgage options available, we can help your customers find the right fit for their unique situation.
7 reasons why you should work with Mortgage Street
Mortgage Street is committed to providing a modern, efficient service to our clients. By distributing home loans through professional Australian mortgage brokers, we can offer a convenient and streamlined digital process that allows you to apply for a loan, submit documents, and track the progress of your application from the comfort of your own home.
Mortgage Street is committed to providing a modern, efficient service to our clients. By distributing home loans through professional Australian mortgage brokers, we can offer a convenient and streamlined digital process that allows you to apply for a loan, submit documents, and track the progress of your application from the comfort of your own home.
Mortgage Street is committed to providing a modern, efficient service to our clients. By distributing home loans through professional Australian mortgage brokers, we can offer a convenient and streamlined digital process that allows you to apply for a loan, submit documents, and track the progress of your application from the comfort of your own home.
A Mortgage Street accredited mortgage broker can help you to maximise your borrowing capacity by advising on the best loan structure and providing guidance on how to strengthen your application. This can be helpful if you have a complex financial situation or are self-employed.
If you are planning to purchase an investment property, a Mortgage Street accredited mortgage broker can help you understand the tax implications of negative gearing and advise on the best home loan options to suit your goals.
A Mortgage Street accredited Mortgage brokers have access to a wide range of lenders, including those that may consider larger loan amounts. This can be especially useful if you are looking to purchase a more expensive property or undertake extensive renovations.
Many lenders require mortgage insurance for home loans with a loan-to-value ratio (LVR) of over 80%. By working with a Mortgage Street accredited mortgage broker, you may access lenders that do not require mortgage insurance up to an LVR of 85%, saving you money on your loan.
How to Easily Place Business with Mortgage Street Mortgages – A Step-by-Step Guide for Brokers
Turbo charge your application for faster turnaround times
Mortgage Street focuses on what you and your customer needs.Submit a scenario now and we’ll help you every step of the way
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
Frequently asked questions
The maximum loan amount that your clients can borrow under Liberal is $5,000,000 per single security. However, if your clients are looking for a higher loan amount, it’s best for them to complete MSt 003 to explore higher loan options. Connect with one of our Mortgage Street accredited mortgage brokers who can guide you through the process.
The highest loan-to-value ratio (LVR) that your clients can obtain in Liberal products is 90%.
Liberal products can accommodate a strata apartment as small as 30 square meters, which is a great option.
Liberal products accept LVRs up to 30%.
The ideal time for your clients to apply for a second mortgage with our Liberal products is at the time of application for the first mortgage.
Broker Support
Monday to Friday 9am – 5pm (Sydney time)
Frequently Asked Mortgage Product Questions
Liberal (Full Doc) rates at a glance
Key points
+LVR stands for the loan-to-value ratio. LVR is the amount of your loan compared to Mortgage Street’s independent valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes.
*Comparison rate: The comparison rate is based on a loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Loan applications, refinances and balloon amounts are subject to credit assessment.
Conditions, credit criteria, fees and charges apply. Based on Mortgage Street’s credit criteria, residential lending is not available for Non-Australian resident borrowers. Interest rates subject to change. Before making a decision, it’s best to read the terms and conditions.