Non-Bank Product of Choice Q&A:  Liberty and Resimac

LLiberty is ranked first when it came to prime mortgages this year. Chief distribution officer David Smith says it’s the flexibility that is particularly welcomed by brokers and their clients

Q: What do you think makes your products so popular with brokers?

Our prime owner-occupied loan offering continues to be a competitive option that helps brokers meet the needs of more borrowers with property plans.

This loan solution offers flexibility in both purpose and features. With the ability to consider non-standard income sources, low deposits, and non-genuine savings, Liberty is proud to help more customers get financial.

We take the time to look beneath the surface, understand the needs of each customer, and work with brokers to help customers find their fit. We’re pleased to be known for our freethinking approach and fast turnaround times and have built our systems and processes to ensure we provide service that brokers can depend on.

BBrokers say that Resimac’s investor loan products are the best of the non-banks. Here, we catch up with Chris Paterson, Resimac’s general manager, distribution, to find out what makes their offering stand out

Q: What do you think makes your investor loans so popular with brokers?

Resimac takes a commercial approach to lending to investors, assessing the customers’ overall circumstance in line with their requirements and objectives We understand that customers use brokers for their expertise and we aim to make our products appealing and simple for brokers to use.

This comes through competitive rates available for purchases and refinances, utilising a 2 per cent servicing buffer as well as assessing investor loans using 90 per cent rental income and negative gearing.

In addition, our investor products allow for an offset account on each loan split and ease of self-service transactional functionality with our mobile app.

With strong rental returns still available, Australians continue to look to the property market for their investments, having a house or unit tied to their asset.

Around 45 per cent of our settlements over the last six months have been for investment security properties, showing investors continue to turn to use our products.