More brokers gain access to OwnHome's high-LVR, no-LMI loan offering
Mortgage aggregator Connective has added OwnHome to its lender panel, giving brokers access to new lending options for clients with high loan-to-value ratios (LVRs).
The addition enables more than 4,000 brokers across Australia to offer OwnHome’s lending model, which caters to borrowers with LVRs ranging from 80% to 100%. The offering removes typical hurdles such as lenders mortgage insurance (LMI) and restrictive loan terms.
OwnHome provides several benefits, including up to 100% LVR lending with no exit fees or lock-in conditions, and fully assessed pre-approvals within 48 hours. Clients also receive a complimentary buyer’s agent service valued at $12,000, designed to assist with property selection and negotiation. Brokers receive commissions without clawbacks.
OwnHome’s addition follows recent panel expansions at Connective, which also included Aquamore, Azora, Grenke, AlexBank, Moneytech, and MoneyMe Autopay.
“Joining the Connective panel is a significant step in our mission to make homeownership more accessible,” said Tim Harley (pictured above left), co-founder and chief executive at OwnHome.
Daniel Oh (pictured above right), group legal counsel at Connective, reiterated that the partnership would support brokers working with clients who face deposit challenges.
“Our brokers work with clients every day who are ready to buy but struggling with deposit hurdles,” Oh said. “OwnHome provides an exciting new way to turn those ‘not yets’ into ‘yeses.’ Their approach, combined with savings on LMI and a no-clawback model, makes them a strong addition to our lender panel.”
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