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Final royal commission report released

By |2019-02-04T17:38:38+11:00February 4th, 2019|Uncategorized|

The final report contains 76 recommendations. The following are some of the key recommendations made by Justice Hayne. Several recommendations deal with conflicts of interest or conflicts between duty and interest and that the law should be amended to provide that, when acting in connection with home lending, mortgage brokers must act in the best [...]

Download Our Latest Interest Rates

By |2019-09-25T14:10:47+11:00January 29th, 2019|Uncategorized|

Rates as at 25/09/2019 PROPERTY DEVELOPMENT FINANCE! Institutional: Senior - Full Doc Up to 75% of Total Development Cost (TDC) Up to 60% of Gross Realisable Value (GRV) Current Rate from 4.75% (all up rate) Minimum 100% debt cover in pre-sales (case by case) Private / Low Doc Construction Finance (NO PRE SALES OPTIONS) Up to 80% of Total Development [...]

Banks cautious on loan facilities tipped for 2019

By |2018-12-14T09:08:08+11:00December 14th, 2018|Education|

An overly cautious approach by some banks to tougher lending standards may be affecting their decisions to give loans to small business, regulators say. The concern emerges in the newly published minutes of a high-level meeting between watchdogs and Treasury as they closely monitor the housing market. Members of the council of Financial Regulators - [...]

Reynolds Private Wealth boosts lending to developers with new debt fund

By |2018-11-15T09:53:04+11:00November 15th, 2018|Property|

Reynolds Private Wealth has secured a new funding line offering debt facilities to developers. The appetite for lending into this market is as strong as ever.  With banks coming under pressure from APRA and the banking royal commission this has significantly helped expand non-bank lending to the development sector and opened the door for alternative funding [...]

Four Generations For Nothing’ Feature Film Released on the Royal Commission into Banks!

By |2018-10-18T11:56:39+11:00October 18th, 2018|Uncategorized|

Released to the public on 18th October 2018 ‘Four Generations for Nothing’ a film by Shane Reynolds is an entrant in the Sydney Short Film Festival and is the first feature film about the Royal Commission.  The film is about a working-class Australian family who fights the Bank after being told they must vacate their beloved family farm [...]

Major Swing toward Non-Bank/Private Funding.

By |2018-10-18T11:55:42+11:00October 18th, 2018|Uncategorized|

The trend towards non-bank lending takes off  in part to a cautious residential market combined with the tightened lending practices of the major banks now seeing borrowers continuing to seek out non-bank lenders to address their funding requirements. The non-bank lending sector has come to the forefront of the residential property market due in large part [...]

Response to the Royal Commission Interim Report by Shane Reynolds

By |2018-10-18T11:53:35+11:00October 18th, 2018|Uncategorized|

On 30 September 2018 the Commissioner delivered the Interim Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Following this report Shane Reynolds filed his response on 17th October 2018. The response was confined to the portion of the hearings that heard issues about Commercial Loans, Receiver Appointments, Agricultural [...]

Royal commission releases interim report

By |2018-09-28T15:45:12+11:00September 28th, 2018|Education|

The interim report from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has been released, including a plethora of policy-related issues impacting the finance industry. The report covers the “policy related issues” arising from the first four rounds of public hearings, which covered consumer lending, financial advice, SME loans and [...]

Reynolds Private Wealth – Specialist Lending

By |2018-09-14T08:22:14+11:00September 14th, 2018|Uncategorized|

Thousands of formerly prime borrowers now fall into the specialist lending sector. Recent months have seen a rapid withdrawal of major banks from multiple segments of the lending market, leading to huge numbers of formerly prime borrowers being reclassified as specialist. Some brokers still consider specialist lending as a challenge simply because they may hold a belief [...]

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