More Value.
Less Risk.
Lower Costs.
Enabling Aussies to help each other build financial security
Partner Benefits
Partner banks can offer their customers more competitive lending products, lower balance sheet risk and at a cheaper cost. Our Leg Up collateral strengthens cost of capital competitiveness, up to 2x more impactful than other alternatives at reducing home loan risk weight and need for CET1 capital.
Aspiring Homeowners
Low deposit (e.g., 5% - 15%) aspiring homeowners can purchase 5 years faster and save over $10,000 in home loans costs. This is through a combination of lower fees and a cheaper interest rate compared to lenders mortgage insurance (LMI).
Mortgage Prisoners
Free high quality mortgage prisoners from other lenders, a material advantage as >$430bn fixed rate Borrowers expire across CY23-24. OLU can restore Borrowers’ serviceability by 5% - 15% and lower their LVR below 80%, uncovering refinance prospects for partner banks that other lenders would struggle to reach.
Exposed Backbook
Banks can mitigate loss potential from uninsured high LVR home loans which were pushed above 80% LVR by falling house prices. OLU removes risk of ‘no payout’ upon incurring negative equity and is better priced than alternatives. Repayments may also decrease for impacted Borrowers.
Interested in a free review?
Macro economic factors and fierce competition amongst banks has led to rising balance sheet risk and lower margins. To support the banking ecosystem, Michael (CEO), Anthony (CRO), and our team of professionals can draft a preliminary paper for your bank assessing whether (a) our solution is a good fit, and (b) how much value we can provide. This requires no effort from your end. For more information, please reach out below or contact Michael.