What is Specialist Lending? Specialist lending is a segment of the mortgage market dedicated to providing alternative home loan solutions to borrowers who are unable to meet the lending criteria set by banks and lenders mortgage insurance (LMI) providers.
There are numerous reasons why a borrower may fall into the specialist category and there is no single characteristic defined that pigeonholes every specialist borrower together.
Common reasons why borrowers may need a specialist lender:
-Discharged bankruptcy -Late payments or mortgage arrears -Defaults, judgements or writs -Part IX & X debt agreements -Self-employed< 2 years -ABN registered only 12 months -Income from casual employment
And many more.
I am working very closely with a handful of lenders who can assist in the cases listed above and more resulting in great client satisfaction. Please keep in mind if you have blemishes on your credit file it is NOT the end of the world and I am here to help.
