Helping you make the most of your time and expertise
Cressida is an adviser friendly business and enjoys strong and enduring ties with the mortgage adviser community. Naomi and Warren 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.
Your time is precious. For every loan application our goal is to deliver immediate feedback in terms of lending appetite and indicative terms. This includes clear reasons why we can (or cannot) consider the application, an agreed solution tailored to meet your client’s specific needs, with minimal conditions, at market leading finance rates. Once terms are agreed in principle we will issue a credit approved letter of offer and, on acceptance, allocate funding and initiate legal documentation with our inhouse legal team. Turnaround times from initial loan enquiry to settlement can be as quick as 48 hours.
At Cressida this engagement is designed to ensure you experience the highest quality service standards and turnaround times in the industry based on your honest assessment rather than our opinion.
Here’s some of your recent feedback:
Warren is very efficient and professional the whole way through the process, he understands customer’s needs and provides the solution to meet customer’s expectation. It was very smooth and nice to deal with Warren and there is no issues in terms of communication and understanding. He’s definitely the one that I would like to deal with next time! Thanks again Warren!
Find out more about the areas that we fund:
Frequently asked questions
Do I need to be an accredited mortgage adviser?
Yes.
What are your interest rates and how do you set them?
Our interest rates range from 7.95% per annum for shorter term loans up to 10.95% 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.
