Many Australians are keen to get into the property market or expand their portfolio, but with rising inflation and increasingly nervous lenders, it can look like a struggle just to take the next steps. We see a lot of interested borrowers who aren’t initially aware they have options outside of the big banks when looking to secure a loan or mortgage.
Private lenders are becoming an increasingly attractive option for many purchasers. But really, what are private lenders?
Generally, private lenders refer to organisations that provide financing and/or loans in a similar fashion to a bank. They’re just…not a bank. There are distinct perks to this type of finance for many borrowers, including more flexible lending criteria, quicker turnaround times for applications, processing, and settlement, and our favourite – the personal touch for customers. We enjoy being able to offer our clients tailor-made solutions and a friendly face.
If you’re working with clients eager to purchase, refinance or require cash out for business purposes, but facing some serious financing hurdles, a private lender can be an appealing option for all parties. Are your clients
If any of these sound familiar, a private lender could be a great fit. Negotiable trails, fast and easy application approval, competitive interest rates and terms and straightforward lending guidelines are just a few of the benefits of working with Baccus Investments Limited.