iscover
iscover 
Assetline Capital has announced a ‘no valuation’ short-term product available to its accredited brokers.
With no formal valuation report required, the loan is reportedly processed faster, with less paperwork, and lower costs.
The new product has loan terms up to two years and values up to $3 million in “metro locations”. According to Assetline Capital’s general manager of distribution and partnerships Royden D’Vaz, the no val offering will benefit both consumers and brokers.
“Assetline has a dedicated in-house property research team which enables us to quickly assess the value of the property, saving the borrower time and costs of an external valuation report,” commented D’Vaz.
This no val loan will compete with private lenders who offer similar products.
D’Vaz urged brokers and borrowers to choose a reputable and experience lender to service these loans.
“Choose a lender that has a solid track record, works with leading aggregators, has stringent credit policies etc. While the sector has expanded rapidly, it’s important to note, not all lenders in this space are the same,” he said.
“Having access to a non-bank lender that has experience across a multitude of products, like Assetline Capital, can often be the difference between getting the deal or losing it. Our national sales team is on hand to walk you through any scenarios you may have and find the right solution for you.”
