G'Day
Yes, the ANZ do lo doc which is essentially an asset lend at 60%LVR.
I have had great success with this mode of application, even for Docklands apartments as some Forum members will attest!
Just about their whole range of loans including vacant land.
If taken with the Breakfree package, then nil application fees, but if taken as a straight out single loan, then the usual $600 application fee.
There are other lenders, of course, eg HomeSide lo doc for their standard range of loans, and HomeLoans at 7.15%.
Sometimes, the most straightforward deal yields the best results. If the security property is standard residential and the loan is within this fairly low LVR, then there is not much point in paying more.
Of course, if the customer has some mitigating circumstances that's a different story, but a clean credit record etc etc, well, 6.72% would do the job!
And yes, RAMS is a great product, too, for up to 80%LVR, but ANZ will go to 80%LVR on a lo doc now, although not for the discount rates.
Cheers
Kristine