Credit Crunch Friday 10th Oct

🏠 Bridgit by LMG

• Bridging now up to 24 months!!

• ✔️ Loan sizes up to $10M

• ✔️ No monthly repayments

• ✔️ Trail commission on offer*

Perfect for: investors, retirees, renovators, downsizers, house-and-land buyers, and clients with longer settlements.

🌏 Bluestone

New Loan Sizes

• Increased max loan amount at 80% LVR from $2M → $3M (selected lending).

New Expat Loans

• Loans are in AUD.

• 90% net foreign income used for serviceability.

• 150+ accepted foreign countries.

• Refinance and equity release options.

• Unlimited cash out.

• PAYG and Self-Employed accepted (full doc only).

• Borrow up to 80% LVR.

• Loan amounts: $100k – $3m.

• Loan term: 10 – 30 years.

• Repayments: P&I or IO up to 5 years.

• Excluded: Off-the-plan and construction.

📈 Resimac

Increased Loan Limits

• Prime Full Doc non-LMI & Prime Alt Doc:

  • Up to 80% LVR: $3.5m (Cat 1), $2.0m (Cat 2).

  • 80.01%–90% LVR: $2.5m (Cat 1).

Flexibility for Self-Employed

• 1 year’s financials now accepted for Full Doc up to 80% LVR.

• PAYG / salaried self-employed: min 6 months + 2 payslips, PAYG summary, and accountant letter required (Prime non-LMI & Specialist Clear up to 80% LVR).

• 100% depreciation add-back allowed (with schedule).

Expanded PAYG Income Acceptance

• 100% overtime, bonus, commission, second job, and casual income accepted (tenure conditions apply).

Bank Statements Simplified

• Not required for Prime Full Doc and Prime Alt Doc at any LVR.

• Specialist: only 3 months required if LVR >80% and servicing surplus <$500/year.

💡 AMP

1. HELP Debt may be excluded from serviceability if:

   • Repayments (ATO tables) project full repayment within 12 months,

   • Borrower not accruing new HELP debt,

   • Acceptable evidence aligns with policy,

   • Justification for override noted in credit assessment.

2. Negative Gearing: No benefit applied to loans in a company or trust name.

3. Notional Rent:

   • For spousal/de facto relationships living in same household → one notional rent expense per household.

   • Expense apportioned proportionally between both borrowers.

⚡ Introducing Zeus – The New Era of Lending (my deep dive coming next week!)

Today we’re excited to launch Zeus – LMG Lending’s new product line designed to give you and your clients the power, speed, and simplicity you’ve been asking for.

REGISTER 📅 Live Thursday 16 October

⚡ Zeus Bolt: The First Strike of Lightning

Zeus Bolt isn’t just a step up from Go Edge – it’s a complete upgrade.

Here’s what you can expect:

• ⚡ Sharp, competitive pricing – from 5.33% variable (see rate card)

• ⚡ Lightning-fast approvals

• ⚡ Packed with client-friendly features:

  • 10 offset accounts

  • Unlimited redraw

  • Multiple splits

  • Cash out

  • Visa debit card

  • Zeus app + more

• ⚡ Flexible policy niches: PAYG, self-employed, companies, trusts & partnerships, expats, AU citizens, PRs & temp visa holders

• ⚡ A streamlined process that cuts down the back-and-forth

🚀 What’s Next

And this is just the start. Later this year, you’ll see: A fully assessed Zeus product hitting the market

LMG's goal is simple: build a line-up that helps you win more clients and deliver outstanding outcomes every time. 

🤝 Members We Helped This Week

1. Workers Compensation Income + Expat Client

• Client: investment property purchase in Aus

• Only income: workers compensation until retirement and proposed rental income

• Lives in the Philippines but is an Australian Citizen.

• Credit score 591 (no arrears)

2. PAYG to Sole Trader – 2025 Transition

• Client: Air conditioning technician. PAYG for years → switched to sole trader Feb 2025. Same industry

• ABN registered for only 6 month

• Seeking full doc loan 

🎓 Education & Events

Orde Financial Commercial Masterclass

• 📊 Key trends, insights, and valuation strategies in commercial property.

• 🎤 Guest: Damian Kininmonth (PRP) on valuations + market trends.

• Suitable for all levels of commercial lending experience.

Event Details
📅 21/10/2025
🕒 11:00 AM – 1:00 PM
📍 Level 15, 31 Queen St, Melbourne CBD
🥗 Lunch provided
🎟️ Register here: REGISTER WITH ORDE