Updated 17/01/2018 Please click through to find out more about our product range Why Nationalcorp Home Loans? Standard Products High LVR 95% LVR + fully capped LMI (to 99.9%) Non-genuine savings Construction Go Between Loan (Bridging Finance) Term Loans and 100% Offset Line of Credit Commercial Credit Cards Investment Lo Doc Interest Only Specialist/Non-Conforming Our Product Ranges Exclusive Classic Platinum Premium Fees and Charges Page 2 Page 3 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Cheyne Tyack Business Development Manager 0419 148 704 cheynet@nationalcorp.com.au Barry Parker Managing Director 0413 740 344 barryp@nationalcorp.com.au
Why Choose Nationalcorp Home Loans? 1 app form for our 4 funders Use either LMI provider 1 Veda check for all 4 funders We have more products and features than going direct to the funder Our under 80% LVR discounted rates has no minimum loan amounts Specialist (non-conforming) funding on the same app form Credit union, bank, non-bank and specialist funding We have been a mortgage manager for 20 years We look after more than 5000 accounts No volume requirements We won t put you at the back of the queue if something is missing Guarantee to assess all applications within 2 working days 100% offset account available on most products (fixed and variable) All our Assessors have been with us over 10 years Upfront valuations No cross selling to your client base Broker always owns the customer 2
95% LVR + Fully Capped LMI (to 99.9%) Exclusive Range Credit card available 100% offset on variable rates Available on Owner Occupied Construction Dollar for dollar refinance Genuine savings 3 months No rate loading for higher LVR Low fixed rates 3
Non-Genuine Savings Exclusive Range 95% LVR + fully capped LMI (Owner Occupied) Credit card available 100% offset on variable rates 90% LVR inc LMI for construction (Owner Occupied) Low fixed rates (no loading) Platinum Range 95% LVR including LMI 4
Construction Loans Exclusive Range 95% LVR + fully capped LMI Standard variable rate No rate loading during construction Classic Range 95% LVR including LMI (Owner Occupied). 90% LVR + LMI (Investment P&I) Full Doc & Lo Doc (Lo Doc LVR restricted) Go Between/Bridging (see next page) For house and land packages, we will advance First Home Owners Grant at land settlement. Fixed rates avail on construction drawdown Standard variable rates Lo Doc fixed and variable rates P&I or IO (10 years max) 100% offset (fixed or variable rate) Two progress valuations if client is able to inspect the construction stages Client signs off on progress payments to builder as above if able to inspect the construction stages Repayments during progress payment period are based on the balance at the time We control the construction drawdowns making it a simple and painless process Premium Range Max 90% LVR P&I repayments not available during construction period. Construction IO loading of 0.50% (OO) and 0.35% (INV) will be deducted once construction and IO period is complete. Owner Occupied MUST convert to P&I after construction phase. Investment IO can be extended past 12 months depending on LVR. 5
Go Between Loan (Bridging Finance) Classic Range Up to 85% LVR (with LMI) or 80% LVR (no LMI) Full Doc or Lo Doc (Lo Doc to 80% LVR with LMI) Servicing based on the end debt position No repayments within Go Between period (6 months for an existing property and up to 12 months for construction) Standard rates - no rate loading 100% offset available Fixed or variable rates 6 months capped repayments built into loan 6
Term Loans and 100% Offset Accounts Exclusive Range 95% LVR + fully capped LMI Owner Occupied 89% LVR inc LMI Investment Low fixed rates Offset at variable rate Full Doc & Lo Doc Classic Range 95% LVR including LMI (Owner Occupied) 90% LVR + LMI (Investment P&I) Free internet transfer available for ahead funds Full Doc & Lo Doc Construction and Go Between/Bridging available 100% offset (fixed or variable rate) No annual fees Cheaper rate for under 80% LVR (Owner Occupied, P&I) Platinum Range Full Doc & Lo Doc Cheaper rate for under 80% LVR Up to 85% LVR with no LMI (risk fee applies) Premium Range Low rates Offset at variable rate Cheaper rate for under 80% LVR and under $750,000 NZ residents acceptable 7
Line of Credit Classic Range Credit card available $180 annual fee Secured Visa $20,000 under 80% LVR at same rate as LOC Secured Visa $10,000 80-90% at same rate as LOC Exclusive Range Evergreen (no end date) Max LVR 80% Platinum Range Low rate 8
Commercial Loans Classic Range Lo Doc and Full Doc Set & forget No annual reviews 25 year term Secured by commercial or residential property Interest only up to 5 years Variable or fixed rate Loan splits available Suits owner occupiers and investors Lo Doc: financials, tax returns, BAS, tax portals, or accountant s letter not required Exclusive Range Max term 25 years Max LVR residential 80%, commercial 70%, rural 65% IO up to 5 years 100% offset available Maximum loan amount and LVR Full Doc - $5 million ( 70% LVR) / $1 million ( 75% LVR) Lo Doc - $3 million ( 70% LVR) / $1 million ( 75% LVR) Simple Doc - $1 million (65% max LVR) 9
Credit Cards Classic Range Secured Visa $20,000 under 80% LVR at same rate as LOC Secured Visa $10,000 80-90% LVR Unsecured Visa also available (amount depends on LVR) Exclusive Range Rewards credit card: For every $70 you spend, you receive $1 on your rewards card. Can be spent anywhere EFTPOS is accepted (no cash out) Standard credit card: Great low rate Premium Range Visa sweeps from available funds $4000 is interest free, anything over is charged at the home loan rate Annual fee $250 Multiple accounts, annual fee is $395 No fees on any ATMs if amount is over $200 No EFTPOS fees 10
Investment Property Loans Platinum Range 95% LVR including LMI 100% offset on variable rates Classic Range Premium Range 100% offset on variable rates 90% LVR including LMI Low variable rates Construction available 90% LVR + LMI (P&I) Term loan or LOC 100% offset on fixed or variable rates Construction or purchase No ongoing fees on term loans Choice of QBE or Genworth LMI 11
Lo Doc Classic Range Fixed or variable rates Accountant s dec and client Lo Doc dec only required when LVR is under 70% Loans up to 80% LVR for construction, vacant land (up to 24.7 acres), bridging and company loans 100% offset available Secured Visa @ $20,000 at same rate as home loan available for loans up to 80% LVR Lo Doc Plus to 70% LVR with nil LMI applicable - purchase, refinance and consolidation - nil cash out on this product LVR 60-80% with LMI - require 6 months BAS, 6 months personal statements Must be clear credit (no defaults paid or unpaid etc) and two year ABN Platinum Range Max LVR 80% Cheaper rate for under 70% LVR Accountant s dec, or 6 months BAS, or 3 months business statements Nil LMI Risk Fee = 1.00% flat with no tiering for LVR bands (can be capitalised to max 80% LVR) Offset, Redraw and Loan Access Card available Unlimited cash out with acceptable stated purpose Purchase, refinance and cash out - no construction or vacant land 12
Interest Only Classic Range IO max LVR 80% for investment Construction avilable Commercial available Platinum Range Prime = Investment IO up to 95% inc LMI Specialist Clear = Investment IO up to 90% inc risk fee Specialist Plus = Investment IO up to 85% inc risk fee Specialist Assist = Investment IO up to 85% inc risk fee Premium Range IO to 90% LVR inc LMI for investment IO max 5 years for under 80%, and max 3 years for 80-90% LVR Rate loading of 0.40% for investment and 0.70% for owner occupied 13
Specialist/Non-Conforming Platinum Range Lo Doc and full doc to 90% LVR (subject to impairment level and security location) Cash out unlimited up to 80% LVR - any worthwhile purpose (for impairment levels clear and plus only) Lo Doc - choice of accountant s dec or 6 months BAS or 3 months business bank statements Defaults allowed on Lo Doc Lo Doc ABN registration requirements - 12 months on clear credit and 6 months if impaired Specialist lending Risk Fee payable (different percentages based on LVR and whether Full Doc or Lo Doc) We ignore: Writs or summons under $2000 Defaults paid over 12 months ago Defaults paid or unpaid over 24 months ago Mortgage arrears is full payments missed/in arrears Specialist Clear Specialist Plus Specialist Assist Mortgage Arrears Less than 1 Less than 3 Unlimited Defaults, Judgments, Writs & Summons Bankruptcy Discharge Timeframe 0 2 Unlimited 2 years or more Greater than 1 year Current or less than 1 year Maximum Loan Amounts Specialist Clear Specialist Plus Specialist Assist CAT. A CAT. B CAT. A CAT. B CAT. A CAT. B Up to 75% $1,500,000 $1,250,000 $1,250,000 $1,000,000 $1,000,000 $750,000 80% $1,250,000 $1,000,000 $1,000,000 $750,000 $750,000 $500,000 85% $1,000,000 $750,000 $750,000 $400,000 $500,000 N/A 90% $750,000 N/A N/A N/A N/A N/A CAT. C CAT. C CAT. C Up to 70% $500,000 $500,000 $500,000 14
Exclusive Product Range 95% LVR + fully capped LMI to 99.9% (Owner Occupied) 89% LVR LMI inclusive (Investment) Non-genuine savings 95% LVR + fully capped LMI (Owner Occupied) Construction 95% LVR + fully capped LMI Larger acreage securities considered (case by case) Line of credit to 80% LVR, 25 year term for servicing and no end date Commercial product also available. Low Fixed Rates Use Genworth postcode listing 15
Classic Product Range 95% LVR construction Owner Occupied Lo Doc loans for construction and vacant land Go Between/Bridging Finance 100% offset on fixed and variable rates Offset term loan $10 monthly fee, LOC $180 annual fee No ongoing fees for term loans - Full or Lo Doc Lo Doc - fixed or variable rates. Up to 4 units on one title - Full Doc to 80% LVR - each unit must be greater than 40 square metres, have 4 separate car parks and no shared facilities (eg laundry, kitchen etc) Vacant land up to 24.7 acres Commercial loans, Full Doc and Lo Doc, 25 year term, set and forget with no annual reviews In-house DLA approval limit to $750k (subject to acceptable lender risk scoring etc) Secured Visa $20,000 at same rate as LOC available (for loans <80% LVR) Secured Visa $10,000 80-90% LVR same rates as LOC 16
Platinum Product Range Prime Lending 95% LVR inc LMI for owner occupied and investment Investment IO up to 95% LVR inc LMI No rate loading for interest only (max IO LVR 80%) Non-genuine savings product to 95% LVR (inclusive of LMI) with max loan amount of $750,000 Self-employed servicing to 80% LVR - we will accept up to 50% increase on prior year if growth consistent over last 2 years. For income growth in excess of 50%, we may consider using most recent year s income when supported with 6 months current BAS. 100% offset accounts on variable rates Business purpose lending available with residential property, purpose cannot be for working capital Maximum $500,000 Specialist/non-Confirming (see page 14) 17
Premium Product Range Great low rates Discount Rate & Fees for Owner Occupied Sub 80% P&I with no annual fee & Monthly fee 100% offset available on variable rates Interest Only with a rate loading of 0.40% for investment and 0.70% for owner occupied Construction available Annual fee of $250 (multiple accounts the fee is capped at $395) Credit cards available Visa sweeps from available funds, $4000 is interest free, anything over gets charged at the home loan rate No fees on ATM transactions over $200 No EFTPOS fees NZ residents acceptable 18
Fees and Charges Classic Application fee $385 (inc one standard valuation) Contract fee = $150 Construction contract fee = $250 Go Between contract fee = $250 Additional contracts (split loans) = $50 LOC = $180 annual fee Offset accounts = $10 monthly fee Term loan no monthly or annual fee Discharge fee = $499 per security Visa annual fee = $55 Premium Application fee $385 (inc one standard valuation) Annual fee = $250 ($395 if multiple loans) Discharge fee = $635 Platinum Application fee $385 (inc one standard valuation) Annual fee =$345 (excl specialist) Discharge fee = $300 per security Risk fee up to 85% LVR no LMI = 1% of loan amount Specialist lending settlement fee* = $949 Specialist Lending Risk fee* 70% 80% 85% 90% Full Doc 0.25% 0.75% 1.00% 1.25% Alt Doc 0.50% 1.00% 1.25% 1.75% Exclusive Valuation fee = from $272 Settlement fee = $400 Visa annual fee = $40 Investment Annual fee = $849 *Specialist lending risk fee and settlement fee can be capitalised to the loan, however the final LVR and loan amount can not exceed the product maximum. 19