Build success for your clients with Brighten’s loans

In today’s dynamic housing market, the ambition to build a dream home is stronger than ever. Mortgage brokers play a pivotal role in turning customers’ aspirations into reality, guiding them through the complexities of financing with effective lending solutions and empowering them to embark on their home-building journey with confidence.

Q. What makes Brighten’s Construction and Vacant Land Loans stand out?

While many lenders only offer traditional Full Doc options for income verification, Brighten provides an Alt Doc option, allowing customers to provide just one form of income documentation. This offers greater flexibility for self-employed borrowers, particularly those with complex income structures.

Brighten also accepts expat and non-resident borrowers for both its Construction and Vacant Land products, helping brokers diversify their business and service a wider range of clients.

Q. How do Brighten’s Construction Loans work?

Brighten’s construction loan product, Brighten Easy Builder®, offers a simple solution.

Loans are advanced on a “cost to complete” basis, meaning Brighten typically assists buyers in financing part of the cost of the land as well as 100 per cent of the cost of construction. Brighten makes progress payments directly to the builder at each of the five key construction stages, ensuring a smooth and hassle-free process.

Only interest repayments are required during the construction period. After construction is complete, the loan reverts to Brighten’s standard home loan at a lower rate. Loan sizes are available up to $3.5 million (or $15 million on application).

Q. How do Brighten’s Vacant Land Loans work?

Brighten’s vacant land product provides a tailored financing solution for borrowers looking to secure land without the immediate need to build.

With a loan term of up to two years and an interest-only repayment structure, Brighten Vacant Land gives borrowers time to complete planning approvals or wait for better market conditions before proceeding with construction. Loan sizes are available up to $2 million (or $15 million on application).

Q. What type of security does Brighten accept?

Brighten accepts Category 1 and Category 2 postcodes, covering all major Australian cities and key regional centres, ensuring borrowers can secure financing for properties in high-demand locations.

Q. Why should brokers choose Brighten for Construction and Vacant Land Loans?

Brighten’s effective lending solutions allow brokers to offer clients greater flexibility and accessibility. With fast turnaround times and fully assessed pre-approvals, brokers can ensure their clients receive timely decisions, helping them move forward with confidence.

Additionally, Brighten’s commitment to strong broker relationships means brokers receive dedicated support from the BDM team, ensuring they have the resources and expertise needed to navigate complex lending scenarios.

By working with Brighten, brokers can expand their client offerings, help more borrowers access financing, and grow their business with tailored construction and vacant land loan solutions.

Contact Brighten today to learn more about how these lending solutions can help you and your clients achieve success.