Short and Sweet this week!

🏡 Uptain – SMSF & Residential/Commercial Lending Update

🏠 90% max LVR residential security under VITAL SMSF Product

💰 No liquidity requirements

🧾 No net asset test

📅 30-year loan term

📈 100% rental income used for a refinance application

🔒 No clawback

🏢 Commercial lending up to 80% LVR

📉 Residential Promo rates starting from 6.84%!!

📈 Commercial Promo rates starting from 7.39%!

🏦 ING – Self-Employed Policy Changes

Now reflected in the ING serviceability calculator – high-level overview:

✏️ Addbacks:

• All addbacks will now be taxable for self-employed borrowers.

• When including company profit, excess superannuation can also be included in addbacks.

• When including company profit, interest from company credit cards and overdrafts can also be included in addbacks.

📝 Written Acknowledgement from Applicants:

Self-employed applicants must now confirm that:

✅ They are the sole directors and sole legal shareholders of the nominated company.

✅ They understand that the company’s financial position will be considered during their loan assessment.

✅ The company’s financial resources (including undistributed profit) will be used to meet loan obligations, if approved.

✅ The nominated company has no existing home or commercial loans.

(Note: This declaration will be included in the application form.)

💳 Credit Cards / Overdraft Assessment Rate:

• 1.25% p.a. of the company credit card limit

• 2.50% p.a. of the company overdraft limit

📊 Company Profit (NPBT) Servicing:

Company profit (Net Profit Before Tax) can now be included for servicing if:

✅ The company is 100% owned by the applicants

✅ There are no existing home or commercial loans (leasing/hire purchase excluded)

✅ The company is not involved in a trust, SMSF, or not-for-profit

✅ All directors must also be borrowers and shareholders

☕ Tomorrow: Coffee & Credit – Lending Policy Focus

Topic:
🕘 Casual and Overtime Income Lending Policies
🎯 Focus: Educating your customers on navigating casual and overtime income in lending structures.

  📢  Join via THIS LINK

🥪📚 Why Every Broker Should Run a Lunch & Learn

Want to be the go-to expert in your community and generate high-quality leads?
Lunch & Learn sessions are the perfect strategy — and we’ve made it easy for you with our complete broker pack!

✅ Build your brand
✅ Capture ready-to-act leads
✅ Expand your reach with presentations tailored for Medico, Legal, Allied Health & more

🎁 The Brokers’ Bible Lunch & Learn Pack includes:

🔹 Professional slide decks

🔹 Attendee workbooks

🔹 Instagram tiles for event promotion

🔹 Eventbrite invites & event banners

🔹 Specialist presentations for major industries

⚡ Over 100 ready-to-use templates — saving you hours of work — all for just $97 + GST!
👉 Get your Lunch & Learn Pack today!

See you next week finance friends!

Kath