Credit specialist launches innovative non-resident loan product

Cory Bannister

Cory Bannister

Credit Specialist La Trobe Financial has announced a new and innovative non-resident loan product to the market – making our product suite the broadest specialist product suite in the market from just one lender.

What makes this product innovative, is the added feature of including fully verified self-employed non-resident applicants who are often under served by the major Australian banks here. La Trobe Financial incorporates their popular “Lite-Doc™” verification methodology with this new product catering for foreign nationals who continue to look to invest with ease in Australian real estate.

Australia is a top choice for foreign investors and migrants making this product initiative very timely. For example, Melbourne has been ranked as the world’s most liveable city by the Economist Intelligence Unit’s (EIU) liveability survey of 140 cities.

Other Australian cities such as Adelaide, Sydney and Perth were also ranked in the top ten in the world according to the EIU. This innovative non-resident product is available for both Full Doc and Lite-Doc™ verification on residential and commercial investments. No additional accreditation is required for Brokers.In fact, Brokers can offer this product immediately to their clients.

Cory Bannister, La Trobe Financial’s Vice President and Head of Distribution commented that “the non-resident loan product further increases La Trobe Financial’s extensive product range, one of Australia’s broadest range of innovative specialist loan products offered by one lender.” He further commented “we provide Brokers nationally with many opportunities to write more business by expanding or diversifying their loan writing capability into areas they may not have tried before, such as self-employed “Lite-Doc™” SMSF, construction, commercial and now new to the market, non-resident.

By keeping our forms and processes across all of our loan products consistent, Brokers find they can easily write all of our products with ease, increasing their revenue as a result”.

You must be logged in to post or view comments.