Responsible Lending Statement

Greenhouse Mortgages is committed to responsible lending. We recognize the importance of working with our business partners to ensure we all play our part in conducting business in an ethical and responsible manner. The following outlines Greenhouse Mortgages approach to responsible lending.
• Lend only what our customers can afford to repay
• Ensure compliance with the National Consumer Credit Practice act (NCCP), relevant guidelines published by ASIC, FBAA, MFAA the Credit Ombudsman Service, and our own credit assessment policies
• Ensure our Business Partners are trained with relevant information covering Greenhouse Mortgages fees, products and credit policy requirements
• Following a strict, detailed and sensible loan criteria process, including the use of credit reference agency checking and serviceability calculators to make a full assessment of a borrower’s capacity to repay a loan
• Allocating credit authority based on skills and experience. Ensuring our people are trained and able to carry out their responsibilities conscionably
• Help Greenhouse borrowers facing financial difficulty
• Encouraging Greenhouse borrowers facing financial difficulty to talk to us directly, treating every case individually
• Proactively contacting borrowers who may be experiencing financial difficulty in managing their home loan
• Offering payment options for customers to help them deal with changing circumstances

Overview of Greenhouse Mortgage Residential Lending Loan Options:
Fully Verified Loans: Max LVR 95%
Self-Certified Loans: Max LVR 85%

Funder Loan Assessment Rate
Greenhouse Mortgages 7.25%
Special 7.35%
FLEXI Min 7.20% or RTB + 2.00%
Genworth 7.30%
QBE 7.50%

Platform and Program Loadings
In the event that a loan requires special features or options a loading may be added to meet the demands of individual client circumstances. No legal fee payable for refinances when 12 months loan statements provided on prime loans.