Terms & Conditions

This document sets out the basis on which we will provide the services to you, your obligations to us and the facts on which we both rely upon to enter in to this agreement. By applying for a loan through us you agree that you have read and agree to be bound by the terms and conditions listed below.

Services Offered

We help you find a loan suited to your needs. We act as mortgage brokers on behalf of lenders. We will provide you with information regarding the type and availability of credit contracts, finance products and loans. We will also assist you in the application for finance by arranging offers to be made to you by lenders. We do not advise you on the legal or financial implications of entering into credit arrangements or particular finance products.

Our Panel of Lenders

We have entered into arrangements with the lenders which allow us to obtain credit for you from these lenders subject to you meeting the lenders credit criteria. The lenders with which we have arrangements do not necessarily represent all the lenders who offer credit of the nature that you seek. We can consider entering into agreements with lenders that are not part of our standard panel providing they deal with brokers and consent to our accreditation.

Fees Payable by You

No fees are payable by you to us as our service to you is free, but other fees may apply. We are paid by the lender. For some types of loans such as Commercial loans, short term loans or loans where we will not earn industry standard commissions or will have our commissions clawed back by the lender then we may charge you a brokerage fee. In all cases any fees charged by us will be disclosed to you up front.

Benefits to be received by us from persons other than you

We may receive an upfront commission of between 0% and 1.05% of the amount borrowed by you and ongoing commissions of between 0% and 0.5% of the balance owing by you from time to time. We may pay a referral fee to the person or company that referred you to us, if applicable. These percentages include GST.

We confirm that:

We do not determine or recommend the conditions of the credit contract (such as interest rates, fees or the term of the loan);

We and nobody else will receive any financial or other benefit or have any other interest or relationship which could reasonably be expected to influence our recommendation other than as disclosed in the brokerage agreement; and

We undertake to inform you if, after recommending a particular product prior to you entering into a contract for that product, the commission payment differ for those disclosed in the brokerage agreement.

You acknowledge and agree that:

• You agree to engage us to arrange the loan described above on your behalf.
• The information you have provided to us is true and correct and that we will rely upon such information in arranging for the loan on your behalf.
• You understand that we are not qualified to give legal or financial advice and any information we give you is of a general nature only and is not specific for your situation. We recommend you obtain your own legal and financial advice regarding the suitability of the loan to your needs or purposes. In entering into this agreement you expressly agree and represent to us that you have relied upon your own independent inquiries and advice in relation to the financial and legal implications of entering into this agreement or a loan contract.
• You will release us, indemnify us and hold us harmless from all and any loss, damage, cost or injury suffered by you, and with respect to any claim, proceeding, or action which does or might arise out or in relation to this agreement or the services provided to you by us.
• The terms of the loan you are seeking are indicative only and may be subject to change. Please refer to the loan contract given to you by the lender for the full terms and conditions of the loan.
• You are able to make the quoted repayments over the quoted term without undue hardship.
• If your loan is a Low Doc loan then the income being declared is true and correct.