Last Updated: 25th July, 2017

Investec Home Loans: What Happened?

Published by Otto Dargan on November 17, 2014

Specialist lender Investec sold off its Australian professional banking arm for $440 million earlier this year and many high net worth professionals have been left wondering where they should go for a home loan.

As part of our High Net Worth Clients Package you may be eligible for discounts exclusive to people in your financial position such as:

  • Special pricing, including a significantly reduced interest rate.
  • An LMI waiver.
  • The opportunity to with a bank that will support your future business and personal goals.

The benefits available to you all depend on what your needs are so call us on 1300 889 743 or complete our assessment form to receive a free, no obligation assessment of your situation and investment strategy.

Large deposit? Get A Low Interest Rate!

If you’re borrowing 80% of the property value or less, you may qualify for special pricing not advertised to the general public.

The special rates we may be able to get you are even better than the reduced rates on our interest rates page!

As a mortgage broker, we know exactly the wholesale funding position of the lenders on our panel and which of them are currently offering the most competitive negotiated pricing for people like you with your loan size.

To qualify for our High Net Worth Clients Package you would normally need to have:

  • Net assets worth more than $1 million
  • Current loans or applications to apply for over $2 million
  • An investment strategy in mind as well as significant investment experience

However, if you’re borrowing less than 80% of the property value (LVR) and you earn a good income, we can sometimes make exceptions for property investors who have net assets less than $1 million and are applying for a loan under $2 million.

Complete our free assessment form or call us today on 1300 889 743 to find out what benefits you may qualify for as a high net worth individual.

Borrowing more than 80%? Get LMI Waived!

A lot of customers have enough to cover the 20% deposit required to avoid the one off LMI fee but they want to hold on to more of their savings for a number of reasons.

It may be because you want to maximise your borrowing power for investment purposes or, if it’s for a home, you can hold on to more money and use it towards improving your property or use those savings towards moving costs.

Did you know that, depending on your profession, you may be able to have LMI waived even if you borrow up to 90% of the property value? That’s a saving of around $22,000 on a $1 million property.

The following professions are eligible for waived LMI and other high net worth benefits subject to membership of an acceptable industry association:

Some banks not only offer waived LMI for these high net worth professionals but a great interest rate as well!

Keep in mind that even if we can’t get you a low interest rate, we can still get you waived LMI and then refinance your loan in a couple of years once it is for less than 80% LVR.

Discover how much you could avoid paying with our LMI calculator.

The following professions may also be eligible for our high net worth offering but there are additional income and employment criteria to meet:

Do you qualify for waived LMI and a reduced interest rate? Call 1300 889 743 or complete our free assessment form and one of our senior mortgage brokers will let you know.

Are you starting your own business?

Our mortgage brokers understand business people and have a thorough understanding of complex investment strategies and trust structures.

Sure, depending on your loan size, we can get you a competitive interest rate but we have the experience to help you build a strong relationship with a bank that will be your partner in the long run. In that way you can grow with the right funding at the right time to allow you to expand.

Many bank managers and mortgage brokers do not understand this because they’re only trained in handling the mortgage. As a result, some investors can find themselves in a situation where they’re “handcuffed” to their lender because their properties are cross securitised and they can no longer borrow anymore to build on your personal and business aims.

When you aren’t tied to one lender, it puts you in a better position to negotiate better interest rates and lending policy exceptions.

For example, the rules in our commercial property loan section don’t actually apply to high net worth professionals.

The banks want to give you money and will break their own lending policies to lend up to 100% of your business value!

Why did Investec sell off its Australian arm?

Investec’s Australian professional banking business was sold for around $440 million back in April.

According to Investec, the deal would allow the business to focus on its core strengths across corporate and institutional banking, property funds management and investment banking.

Included in the sell-off was Investec’s Professional Finance business which specialised in providing financial products and services to medical and accounting professionals.

At Home Loan Experts, we not only secure competitive pricing for doctors and accountants but dentists, optometrists, pharmacists, mining engineers and lawyers as well.

Our mortgage brokers are not only credit experts but they’ve been trained in various property investment strategies and many of them have significant portfolios themselves. We can ensure that your mortgage matches the goals you want to achieve.

Also, unlike other specialist mortgage brokers that charge exorbitant fees, our services are usually free. Please see our fee schedule for a full list of circumstances where a fee may be charged by our brokerage.

Speak to one of our senior mortgage brokers today by calling 1300 889 743 or by filling in our free assessment form to find out how we can not only help secure you a competitive home loan but also support your strategy over the long term.