In a complex landscape where borrower needs are constantly changing, brokers remain essential in offering diverse options and expert guidance.
As a non-bank lender that prides itself on flexibility and inclusion, Liberty continues looking for more ways for brokers to help customers.
With recent updates to their home loan product suite and special offers, the leading non-bank is well placed to support customers in search of a lender to consider their individual circumstances.
Do more with higher loan limits
Having recently enhanced serviceability tests for eligible applicants with alternative income and announced more flexible security requirements for custom deals, Liberty’s latest update is another win for prospective borrowers.
Liberty has increased home loan limits for eligible full doc and low doc borrowers. Brokers can now boost borrowing power for more customers with full doc home loans available up to $5 million and low doc home loans up to $3 million.
Liberty group manager – residential, Caesar Ibrahim said the lender’s free-thinking mindset helps brokers support those who may have thought their goal was out of reach.
“Liberty’s loan limits could help borrowers realise their dreams of home ownership, whether that’s getting into the market sooner or unlocking more options,” Ibrahim said.
RPS Financial Services director Sudesh Pakiarajah welcomed the update and the help it offers in assisting clients from diverse backgrounds.
“It’s fantastic to see Liberty offering high loan limits for those who might struggle to find solutions through traditional banks. This flexibility allows us to create tailored solutions for our clients,” Pakiarajah said.
Double delight for low doc borrowers
Brokers and customers turn to Liberty for its ability and willingness to be creative with each application assessment.
Not all borrowers tick neat boxes on loan applications when it comes to their income and financial records. And Liberty’s newest offer further highlights their free- thinking approach toward self-employed borrowers.
“Liberty is always on the lookout for more ways to champion low doc borrowers. Until 31 October 2024, we’re applying rate reductions on eligible low doc home loans and waiving the mortgage protection fee,” Ibrahim said.
Helping brokers put customers first
Despite a changing economic environment, what’s unchanged is the need for brokers to have lending partners that are dedicated to supporting their success.
“Liberty is committed to supporting brokers by providing competitive products, training experiences, and a seamless process that empowers them to meet their clients’ diverse needs with confidence,” said Ibrahim.
Pakiarajah also praised the highly experienced Liberty BDM team for its support.
“On top of the product offering, the responsiveness of our Liberty BDM ensures a smooth process for closing deals,” Pakiarajah said.
Ibrahim’s advice to all brokers is to not say ‘no’ to a client until you speak to Liberty.
“We could help you turn what seems like a complex scenario into a fast and fuss-free solution,” he said.
For more information visit liberty.com.au/broker or call 13 11 33. Please refer to Liberty’s Residential Introducer Guide for fee waiver details.
Approved applicants only. Lending criteria apply. Fees and charges are payable. Liberty Financial Pty Ltd ACN 077 248 983 and Secure Funding Pty Ltd ABN 25 081 982 872 Australian Credit Licence 388133, together trading as Liberty Financial.
