Receptive

Are you looking for a product that can assist your clients who are seeking alternative documentation options for vacant land and unregistered properties?

Look no further than Mortgage Street’s Receptive product. This feature is designed to provide additional options for your clients who may not qualify for traditional mortgage options. Not only will this help you to expand your customer base, but it will also set you apart from other brokers by offering a unique solution for a specific segment of the market.

Trust Mortgage Street’s Receptive product to provide a comprehensive and competitive solution for all of your clients’ mortgage needs.

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Our goal at Mortgage Street is to provide you & your customers with first-class service and innovative products to help you deliver solutions to your clients who don’t fit traditional lending criteria. But if your clients don’t qualify for a bank loan, Mortgage Street can always find alternatives. With 24 mortgage options available, we can help your customers find the right fit for their unique situation.

Mortgage Street is committed to providing a modern, efficient service to our clients. By distributing home loans through professional Australian mortgage brokers, we can offer a convenient and streamlined digital process that allows you to apply for a loan, submit documents, and track the progress of your application from the comfort of your own home.

Working with a Mortgage Street accredited professional mortgage broker means you can benefit from their expertise and industry connections. This can often result in faster approval times, as brokers are able to expedite the loan assessment process and provide lenders with the information they need to decide.

Each lender has their own credit policies, which can vary significantly. By working with a Mortgage Street accredited mortgage broker, you can access a wider range of lenders and take advantage of more flexible credit policies that may be better suited to your individual circumstances.

A Mortgage Street accredited mortgage broker can help you to maximise your borrowing capacity by advising on the best loan structure and providing guidance on how to strengthen your application. This can be helpful if you have a complex financial situation or are self-employed.

If you are planning to purchase an investment property, a Mortgage Street accredited mortgage broker can help you understand the tax implications of negative gearing and advise on the best home loan options to suit your goals.

A Mortgage Street accredited Mortgage brokers have access to a wide range of lenders, including those that may consider larger loan amounts. This can be especially useful if you are looking to purchase a more expensive property or undertake extensive renovations.

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Many lenders require mortgage insurance for home loans with a loan-to-value ratio (LVR) of over 80%. By working with a Mortgage Street accredited mortgage broker, you may access lenders that do not require mortgage insurance up to an LVR of 85%, saving you money on your loan.

Fill up the MSt 003 and get low rates within a day 

Complete the MSt 001 for ready to submit a new application

Mortgage Street focuses on what you and your customer needs. Submit a scenario now and we’ll help you every step of the way.

 

Frequently asked questions

The maximum loan amount that your clients can borrow under Receptive is $1,000,000 per single security. However, if your clients are looking for a higher loan amount, it’s best for them to complete MSt 003 to explore higher loan options. For more information on loan options, visit our website and speak to one of a Mortgage Street accredited mortgage brokers who can guide you through the process..

The maximum exposure per obligor for Receptive products is $12,000,000. However, if your client is looking for a higher amount, you can consider visiting our good borrower products such as Ultra prime, Super Prime, Premium & Optimax or complete a MSt 003 on our website to see if your client qualifies for a higher maximum exposure amount. It’s always worth checking our website to explore more options.

The highest loan-to-value ratio (LVR) that your clients can obtain in Receptive products is 80%. If your clients are seeking a higher LVR, they should check out our Good Borrowers products (Ultra Prime, Super Prime, Premium & Optimax) or complete MSt 003 to see if they qualify for a higher LVR. Visit our website to learn more about the loan options available to your clients and how to apply for them.

The minimum credit score accepted in Receptive products is a very low credit score, less than 350. Visit our website to learn more about the loan options available to borrowers with low credit scores and how to apply for them.

Receptive can assist borrowers who have been discharged from bankruptcy for a minimum of 6 months. However, if you have a client who has been discharged for less than 6 months, they may want to check Receptive for more flexible options. Visit our website to learn more about the loan options available to borrowers who have been discharged from bankruptcy and how to apply for them.

Broker Support

Monday to Friday 9am – 5pm (Sydney time)

Frequently Asked Questions

+LVR stands for the loan-to-value ratio. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes.

*Comparison rate: The comparison rate is based on a loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Loan applications, refinances and balloon amounts are subject to credit assessment.

Conditions, credit criteria, fees and charges apply. Based on Mortgage Street’s credit criteria, residential lending is not available for Non-Australian resident borrowers. Interest rates subject to change. Before making a decision, it’s best to read the terms and conditions.