Union Fidelity™
Irregular Loan Facilitators

Phone: 1800 241 281

We ask....
because every loan is different,
and every solution is tailored to suit your current requirements,
no matter how pressing your clients current situation
Rate
Union Fidelity™ Residential Partial Full Doc
.as at  
What does Partial Full Doc Mean?-For this specific lender means that your client is self-employed and has completed the past 12 months BAS Statements to date- however hasn’t completed financial returns for this year.
Please find linked here the BAS worksheet for your consideration and as to how the loan servicing is calculated, however ostensibly it is calculated as follows:
Gross Sales
Minus Non Capital Expenses
Minus Owners Wages
= Serviceability for the year
Then put in the existing loan repayments for all other debts per year (excluding this proposed debt or refinance amount)
And the proposed loan amount
You arrive at (hopefully) a net positive serviceability
     

 
Partial Full Doc - Capital Cities
 Partial Full Doc - Non Capital Capital Cities

No Impairments

 From 8.74% - No Arrears, Defaults or Overlimits
  From 8.74% - No Arrears, Defaults or Overlimits

Minor Impairments
 From 9.87% - Minor Impairments up to 2 non financial defaults ignored < $1,000
 From 9.87% - Minor Impairments up to 2 non financial defaults ignored < $1,000
Moderate Impairments
 From 10.25% - up to 2 defaults <$5k total
 From 10.25% - up to 3defaults <$15k total
Heavily Impaired
 N/A
N/A

 
 
  
Criteria

Coded / Uncoded
Coded or Uncoded Residential Product <2 acres 
 Coded or Uncoded Residential Product <5 acres 

Security
 1st Registered Mortgage Residential Security in Capital City of VIC, NSW, ACT, QLD
 1st Registered Mortgage Residential Security in VIC, NSW, ACT, QLD, SA and WA
Max Loan Size
 $2,000,000 @55% LVR
 $1,500,000 @80% LVR
Min Loan Size
 $250,000 @80%LVR
$250,000 @80%LVR
Purpose
 Purchase / Refinance / Consolidation
 Purchase / Refinance / Consolidation / Cashout

Servicing
Past 12 Months / 6 months (Increase rate by 0.5%), 12 months Bank Statements showing income going into Bank Account
 Past 12 Months / 6 months (Increase rate by 0.5%), 12 months Bank Statements showing income going into Bank Account



Additional Features
Additional Repayments at No charge
Split Loans - Available
Construction- No
Owner Builders No
Vacant Land - No
Portability - Yes
 Additional Repayments at No charge
Split Loans - Available
Construction- No
Owner Builders No
Vacant Land - No
Portability - Yes

Lenders Fees

1.1% App Fee + Val's and Legal Fees at State Scale + risk fee deducted at settlement calculated in impairments 1.1% App Fee + Val's and Legal Fees at State Scale + risk fee deducted at settlement calculated in impairments
 
     
Union Fidelity™ Quick Documents
Application Form (.doc) or (.pdf)
Accountants Letter (.doc) or (.pdf)
Self Certified Declaration
Servicability Calculator (.xls)
Postcode Check 
Eligable Security
Litigation Funding
External Links
Get a copy of your CRAA
Is your broker licensed?
..Just Settled...$1.2M Residential Sydney @ 65%LVR, $1.5M Commercial Retail Sydney @70%LVR, $550,000 Rural Moree at 50% LVR, $1.75M Residential Gold Coast at 65% LVR, $200,000 Rural Residential at Port Macquarie at 60% LVR, $990,000 Rural at Molong at 50% LVR, $2.9M Commercial in Sunshine at 55% LVR, Self Managed Super Fund Loan to $1.2M Melbourne Residential @55%
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ABN: 55 073 023 926
Australian Credit Licence: 346 527
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