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.

🤝 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 

⚡ 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.

📅 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

💪 The Strength Behind Zeus

Behind Zeus is real strength too. It’s backed by ColCap, one of Australia’s largest non-bank funders with over $19B in home loans, with credit provided by Origin Mortgages. That means you get the stability and service you can rely on, matched with the speed and sharpness your clients expect.

🚀 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. 

🎓 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