Lo-doc lending back again

Friday, August 3rd 2012, 9:10AM 1 Comment

There's not a lot happening at the moment, well no rate changes to report. So instead of news here is a question. We are working on a piece looking at lo-doc lending. Lo-docs were pretty common a few year back but disappeared when the housing market slowed down. They seem to be making a bit of a reappearance again, but in a different form. So the questions: Who is doing lo-doc lending? Have you done any lo-doc deals? How are you finding the lo-doc market? If you can help here please drop an email to philip@goodreturns.co.nz.

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Comments from our readers

On 3 August 2012 at 3:57 pm Jeff Royle said:

Lo Doc got a hammering from 08 onwards and the Banks withdrew. Only one true Lo Doc product out there but about to be joined by another. Neither are mainstream Bank and rates from around 6.75% and maximum LVR 75%. Minimum trading is only 12 months too.

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Lender

Flt

1yr

2yr

3yr

AIA - Back My Build

6.19

AIA - Go Home Loans

8.74

7.24

6.75

6.65

ANZ

8.64

7.84

7.39

7.25

ANZ Blueprint to Build

7.39

ANZ Good Energy

1.00

ANZ Special

7.24

6.79

6.65

ASB Bank

8.64

7.24

6.75

6.65

ASB Better Homes Top Up

1.00

Avanti Finance

9.15

Basecorp Finance

9.60

Bluestone

9.24

Lender

Flt

1yr

2yr

3yr

BNZ - Classic

7.24

6.79

6.65

BNZ - Green Home Loan top-ups

1.00

BNZ - Mortgage One

8.69

BNZ - Rapid Repay

8.69

BNZ - Std, FlyBuys

8.69

7.84

7.39

7.25

BNZ - TotalMoney

8.69

CFML Loans

9.45

China Construction Bank

7.09

6.75

6.49

China Construction Bank Special

Co-operative Bank - First Home Special

7.04

Co-operative Bank - Owner Occ

8.40

7.24

6.79

6.65

Lender

Flt

1yr

2yr

3yr

Co-operative Bank - Standard

8.40

7.74

7.29

7.15

Credit Union Auckland

7.70

First Credit Union Special

7.45

7.35

First Credit Union Standard

8.50

7.99

7.85

Heartland Bank - Online

7.99

6.69

6.45

6.19

Heartland Bank - Reverse Mortgage

Heretaunga Building Society

8.90

7.60

7.40

HSBC Premier

8.59

HSBC Premier LVR > 80%

HSBC Special

ICBC

7.85

7.05

6.75

6.59

Lender

Flt

1yr

2yr

3yr

Kainga Ora

8.64

7.79

7.39

7.25

Kainga Ora - First Home Buyer Special

Kiwibank

8.50

8.25

7.79

7.55

Kiwibank - Offset

8.50

Kiwibank Special

7.25

6.79

6.65

Liberty

8.59

8.69

8.79

8.94

Nelson Building Society

9.00

7.75

7.35

Pepper Money Advantage

10.49

Pepper Money Easy

8.69

Pepper Money Essential

8.29

Resimac - LVR < 80%

8.84

8.09

7.59

7.29

Lender

Flt

1yr

2yr

3yr

Resimac - LVR < 90%

9.84

9.09

8.59

8.29

Resimac - Specialist Clear (Alt Doc)

8.99

Resimac - Specialist Clear (Full Doc)

9.49

SBS Bank

8.74

7.84

7.45

7.25

SBS Bank Special

7.24

6.85

6.65

SBS Construction lending for FHB

SBS FirstHome Combo

6.19

6.74

SBS FirstHome Combo

SBS Unwind reverse equity

9.95

Select Home Loans

9.24

TSB Bank

9.44

8.04

7.55

7.45

Lender

Flt

1yr

2yr

3yr

TSB Special

8.64

7.24

6.75

6.65

Unity

8.64

6.99

6.79

Unity First Home Buyer special

6.45

Wairarapa Building Society

8.60

6.95

6.85

Westpac

8.64

7.89

7.35

7.25

Westpac Choices Everyday

8.74

Westpac Offset

8.64

Westpac Special

7.29

6.75

6.65

Median

8.64

7.29

7.32

6.65

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News

Lo-doc lending back again

Friday, August 3rd 2012, 9:10AM 1 Comment

Comments from our readers