Lender introduces longer loan terms and higher limits for borrowers
Non-bank lender Liberty has introduced a range of changes to its residential lending products, aiming to increase flexibility and broaden access for home loan applicants.
The updates include reduced interest rates for new borrowers, the option of 40-year loan terms, and higher maximum loan amounts. Full documentation loans now have a cap of $10 million, while low documentation loans are available up to $8 million.
“These updates to our home loan offering were made with home buyers front of mind,” said Bernadine Pantarotto, communications manager at Liberty. “Our home loan solutions are here to help open doors for more borrowers.”
The lender has also revised its Lenders Mortgage Protection (LMP) for eligible applicants with loan-to-value ratios above 85%. This feature enables borrowers who meet serviceability requirements to use a smaller deposit and avoid the higher costs associated with standard lenders mortgage insurance.
Liberty’s expanded range is intended to support a variety of property goals, from first home purchases to investment. The lender’s suite includes low documentation and low deposit options.
“Our range of home loan solutions, including low doc and low deposit options, could help more people with their property plans,” Pantarotto said. “We know every home buyer’s journey is different, which is why we look beyond the numbers to understand a customer’s unique circumstances.”
In addition to home loans, Liberty provides finance for personal, car, commercial, business and SMSF needs.
“With nearly 30 years of experience, we've helped over 900,000 people reach their lending goals,” Pantarotto said.
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