FRESH START INVESTMENT HOME LOAN

When things don’t go to plan, our fresh start investment loans look beyond bad credit to help you get back on top.

Break free and move your plans forward

Our fresh start investment loan can help you take the next step toward your financial goals, with a clean slate off which to build.

  • Poor credit history considered

  • Loans up to $5M**

  • Borrow up to 85% of purchase price#

  • Rates from 7.64% p.a. (7.99% p.a. comparison rate*)

Easy to understand features, variables and fees

Features

Maximum LVR 85% ✅

Maximum loan amount** $5,000,000

Minimum loan amount $500,000

Principal and interest ✅

Interest only*** ✅

Free online redraw ✅

BPAY ✅

Third party account transfers ✅

Split loans**** ✅

100% offset facility ⊖

Additional repayments ✅

Repay weekly, fortnightly, monthly ✅

Fixed rate options ⊖

Professional investors### ✅

Fees

Application fee ✅

Valuation fee^^ ✅

Settlement fee ✅

Equalisation fee - Starting from 0.5%

Ongoing fee (monthly) ✅

Manual redraw fee ✅

Discharge fee ✅

Professional investor fee### ✅

Loan Variables

Unlimited debt consolidation ✅

Paid and unpaid defaults ✅

Mortgage arrears ✅

Past bankruptcy ✅

Things you should know:

#Higher interest rates may apply. The actual interest rate applicable will depend on our assessment criteria and the loan to value ratio. Please email us at info@modelcapitalsolutions.com for more details.

*Comparison rates are based on a secured $150,000 loan over a 25-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

**Subject to LVR and postcode restrictions.

***Interest Only loans are subject to LVR restrictions and interest rates are higher than the advertised interest rates but for further information on this product contact us at info@modelcapitalsolutions.com.

****Fee applies for loans with more than 4 splits.

###Application fee and interest rate loadings apply for company/trust or professional investor applicants with ≥3 properties.

^Other fees and charges may apply. Contact us at info@modelcapitalsolutions.com for more information on fees and charges.

^^Additional valuation expenses may be payable where the anticipated security property value is >$1.5m, where the security property is in a regional location or for additional securities.

Frequently asked questions

  • If you are unsure of your credit history, get in contact with a credit reporting agency like Equifax, TransUnion or Experian for a free copy of your credit report.

    This report includes much of the information that counts towards a poor credit score including number and type of loan enquiries, type of credit providers, unpaid debts and credit infringements.

  • If you know you have poor credit, you should tell your broker. If you let them know, they can help find you a lender that will listen to your full story and consider your application even with a lower credit score.

    If you know you have bad credit and need an investment loan, get in touch with a Model Capital Solutions Adviser today at info@modelcapitalsolutions.com to discuss your options further.

  • When it comes to applying for a loan, most lenders consider an applicant to have bad credit if they are behind in existing loan repayments or have a poor credit report.

    A poor credit report can be caused by many factors. For example, not paying or late payments on a utilities bill, can lead to an unpaid account listed as a default.

    Similarly, applying for multiple loans with different lenders within a short timeframe can reduce the credit score on your report. If you have poor credit and are interested in our home loans to move you forward, contact us today at info@modelcapitalsolutions.com for more details.

  • Model Capital Solutions has a range of investment loans to suit different borrowers and help repair bad credit. In fact, our home loans are flexible and can adjust over time to reflect improving circumstances.

    At Model Capital Solutions we look at a person’s whole story so we can understand the circumstance of your financial history.

  • A target market determination describes who a product may be suitable for, based on likely needs, objectives, and financial situation. It also outlines who can distribute our products, how they can do this, and examples of situations when we may need to review our products and the target market. To fine out more about target market determination for available product offers. Please email us at info@modelcapitalsolutions.com for more details.

Ready to get moving?

Wherever you are in your journey, help is here however you need it.