BMM's new Capital Specialist Gold Alt Doc products have been realigned with 2 former products merging to allow for some borrowers to save up to 55bps. Not only this, but Capital Specialist Gold has expanded to allow both Cat 1 & 2 securities, and reduced its requirements for ABN down to only 12 months, previously being 24 months. These changes will help more customers qualify for lower rates.

By merging 2 former products into one simplified competitive product, BMM is narrowing the gap for those borrowers who are not quite as strong credit wise. It is a good trend to see for both customers and brokers some of whom may be returning to this market segment of recent times, says Managing Director Murray Cowan.

BMM has reduced interest rates across all its Alt Doc and Specialist loan product options, with the Ultimate Alt Doc loan now starting from a low 5.24% p.a. The Ultimate Alt Doc still provides borrowers with up to 70% LVR with no risk fee or LMI, and unlimited cash out for personal or investment use.

Our Connective Broker partners continue to have access to our competitive range of Alt doc and Specialist loans. BMM provides a "one stop shop" for brokers looking for Alt Doc or Specialist loan options and has a wide variety of loan options to suite those borrowers who may fall 'outside the square'

With access to over 10 different wholesale funders and over 40 different loan products that are not widely distributed by other providers, BMM has the potential to deliver better solutions to its Connective broker partners.
Posted on: 02-Jun-2015