WHY use the Hudson Finance Division to apply for a loan and NOT your local Bank?
- Familiarity of your financial position – Because you are a member of the Hudson Institute and have a dedicated financial adviser we have access to all your up to date financial information. This makes the initial assessment of your financial needs easier and the application process a lot smoother.
- We want your loan to be approved – We don’t charge any fees to our members for our services in the finance division. We get paid a commission from the lender upon settlement of your loan. We therefore don’t get paid unless your loan is approved and settled and thus we will present your loan application in the best light possible to the bank. Keeping a close eye on any policy changes within our lending panel and ensuring that we have all necessary supporting information available to get your loan approved assist in this process.
- A smooth transaction – We will work hand in hand with your financial adviser and Solicitor/Conveyancer (if purchasing) to ensure that the approval and settlement proceed with a minimum of fuss. In this day and age of technological advancement the whole loan process can be processed via email, fax and phone. At Hudson we are linked up electronically with each lender on our panel, which allows us to submit the application into their application system at the press of a button.
- Getting a good deal – The commission we get paid from the lender is similar regardless of what product or rate that we achieve for you. If there is a possibility of achieving a cheaper rate than what is advertised we will endeavor to seek this. This involves us submitting a pricing request to the banks pricing cell, which includes a thorough submission of why we support the further discount. This is the same process for any potential fee waivers or discounts.
- Priority Service – We do large volumes of lending at the Hudson finance department mainly because of the above factors. As a result we have been given priority service with some of our main lenders. These lenders include the Commonwealth Bank (Diamond Brokers), Westpac (Advantage Plus Brokers) and St George (Gold Brokers). This ensures that we receive fast approvals and excellent support, which culminates in a smooth process to approval and settlement.
- Loan structuring – Part of working hand in hand with your Financial Adviser means that we look very seriously as how your loans are structured taking into account tax implications, cost, future plans. Part of this involves keeping your loans stand alone against individual security properties where possible. See link on “why not to cross securitize” for more information.
- Future Lending – Through our FLEX (online loan application) system all applications that we submit for our members are saved into the FLEX system ongoing. What this means is that your position is saved into our system and therefore when you are looking at any future lending scenarios we can quickly and easily assess your position and have an application submitted within minutes by simply copying your old application, amending appropriate details and lodging it online. This means there are no appointments to be made with a Bank Manager and no 30 page manual application forms to complete.
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| Speak with our Finance Manager freecall 1800 804 296 about this in more detail, or make a time online now. |
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