How we help
Cressida is an adviser friendly business and enjoys strong and enduring ties with the mortgage adviser community.
Your time is precious, for every loan application our goal is to deliver prompt feedback and a cost effective solution tailored to meet your client’s needs.
Marty, Warren, and Bruce are highly experienced property professionals who are well known in the adviser space. They handle all loan enquiry and are more than happy to discuss scenarios and provide indicative terms and conditions. Just give them a call.
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Frequently asked questions
Do I need to be an accredited mortgage adviser?
What are your interest rates and how do you set them?
Our interest rates range from 6.95% per annum for shorter term loans up to 9.95% per annum for longer term loan facilities. We set these based on a risk-return curve. Put simply if a transaction is assessed as lower risk, the lower the interest rate and vice versa. We are committed to maintaining our rate leadership in the non-bank space.
What is your maximum loan to valuation ratio (LVR)?
Under our credit policy we can lend up to a maximum of 75% of a registered valuation or 65% of a rateable valuation.
Do you do Consumer Loans?
A ‘consumer loan’ under the Credit Contracts and Consumer Finance Act (CCCFA) is one where the consumer uses or intends to use the credit, wholly or predominantly for personal, domestic or household purposes. Cressida does not accept loan applications for lending of this nature.
How does my commission get paid?
Adviser commissions are paid on the working day following the settlement date of the loan.