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A new product for non-trading companies and trusts has been launched through the aggregator’s new lending line.
Aggregation group LMG has launched Apollo Plus, the latest addition to its new range of digital mortgages, Apollo by LMG, developed in partnership with Athena Home Loans.
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Apollo Plus caters for investors seeking home loans to build a property portfolio using a non-trading company or trust (including unit and discretionary trusts).
It is now available to LMG and Loan Market brokers and has been positioned as a solution for sophisticated investors using company or trust structures, with premium features suited for “complex financial needs”.
These features include:
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Simplified process to workshop trust structures.
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Full and Lite doc income verification.
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Eighty to 85 per cent loan-to-value ratio (LVR) with no lenders mortgage insurance (LMI) for Full Doc only.
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Five LVR-based pricing tiers and discretion to win good deals.
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Pathways to <80 per cent LVR or Full Doc so clients can start sooner and stay longer.
Announcing the new product, Ewen Stafford, LMG executive director and chief operating officer, said that Apollo Plus offers “smart, flexible solutions that allow brokers to do more for their clients, which is helping them secure better outcomes and growing their businesses with confidence”.
The new product joins the owner-occupier and investor client product, Apollo Max, and the self-employed and low-doc borrower product, Apollo Pro, both launched in November 2024.
According to Stafford, the Apollo by LMG range – which has been designed with the feedback of more than 75 LMG and Loan Market brokers – has received strong broker demand.
Brokers in the network have reportedly welcomed the fast customer and broker experience via straight-through processing, the broker contact card that enables clients to quickly contact their broker, and the Apollo Customer app (which provides borrowers with self-service features like managing repayments, setting up offset accounts, and accessing transaction details).
He said: “The success of Apollo shows what happens when you invest in creating solutions that solve real challenges.
“Brokers aren’t just trying Apollo – they’re coming back with repeat lodgements because the products and digital platform deliver exactly what they need, every time.”
Stafford also noted the importance of having LMG and Loan Market brokers involved when designing the solutions.
“They [brokers] helped shape not just the product features but the entire service experience, making sure the process is seamless, intuitive, and built around what brokers and clients care about most,” he said.
[Related: LMG launches new lending line]
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