Rethinking your credit history, so you start afresh.

Sometimes life can throw the unexpected your way and things just don't go according to plan - leaving you with a bad credit rating.

With Liberty you don’t need to worry about your credit history holding you back. Our home loans will help you rethink your current financial circumstances and let you take the next step forward.

You don’t live in the past, and neither do we. Speak to us at Liberty and we can help you get things moving in the right direction.

 
Features#
Maximum LVR 95%available
Maximum loan amount*$1,500,000
Minimum loan amount$30,000
Principal & interestavailable
Interest only**available
Redrawavailable
Split loans***available
Additional repaymentsavailable
Repay weekly, fortnightly, monthlyavailable
Owner-occupier & investoravailable
Professional investoravailable
Fixed rate optionsnot available
Loan Variables
Unlimited debt consolidationavailable
Paid or unpaid defaultsavailable
Mortgage arrearsavailable
Past bankruptcyavailable
 
Fees^
Application fee$995
Valuation fee^^$330
Settlement fee$0
Equalisation feeStarting from 0.5%
Ongoing fee (monthly)$15
Redraw fee$50
Discharge fee$395
Professional investor fee****$995
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Did you know?

Even with a bad credit history including paid or unpaid defaults, mortgage arrears and bankruptcy, Liberty can work with you to find a great home loan solution.

What can cause bad credit?

When it comes to applying for a loan, lenders will generally consider an applicant to have bad credit if they are behind in their existing loan repayments or they have a poor credit report. A poor credit report can be caused by a number of factors; for example, not paying or missing a phone bill, electricity bill or gas bill within 90 days after its due and the provider subsequently lists the unpaid account as a default on the credit report. Similarly, applying for multiple loans with different lenders within a short timeframe can also lead to bad credit as this will create a low credit score on your credit report. If you have poor credit and are interested in our home loans to help repair bad credit, speak to a Liberty Adviser today.

How do I know if I have a bad credit report?

If you are unsure of your credit history, get in contact with a credit reporting agency like Veda, Dunn and Bradstreet or Experian for a free copy of your credit file or score. The credit report includes all the information that could count towards a poor credit score including number and type of loan enquiries, type of credit providers, unpaid debts and credit infringements.

Should I tell my broker I have bad credit?

If you know you have poor credit, you should tell your broker. As long as you let them know, they will be much better placed to help find you a flexible lender such as Liberty, that can consider your application despite having a bad credit score.

What are my options if I have bad credit?

Liberty has a range of home loans to help repair bad credit to suit different borrowers. In fact, our home loans are flexible and have the ability to adjust over time to reflect improving circumstances. At Liberty we like to look at a person’s whole story, instead of just a part of it, so we can understand the circumstance of your financial history. If you know you have bad credit and need a home loan, talk to a Liberty Adviser or broker today to discuss your options further.

What does having bad credit mean?

Having bad credit usually refers to when there’s a default on your credit report, which affects your creditworthiness and means you appear more risky to lenders. This can make it incredibly hard for borrowers to be approved for the finance they need. Liberty’s home loans to help repair bad credit provide the flexibility borrowers with bad credit may need to be able to rethink their current financial situation and take the right step forward.

#Quoted rates apply to principal and interest loans. Depending on your circumstances, loan features may vary. Other loan variables may also be used to determine the most appropriate rate for your circumstances. Approved applicants only. Lending criteria applies. *Subject to LVR restrictions. **Interest Only loans are subject to LVR restrictions and interest rates are higher than the advertised interest rates but for further information on this product contact us on 13 11 33. ***$495 fee applies for loans with more than 4 splits. ****Application fee and interest rate loadings apply for company/trust or professional investor applicants with ≥3 properties. ^Other fees and charges may apply. Contact us on 13 11 33 for more information on fees and charges. ^^Additional valuation expenses may be payable where the anticipated security property value is >$750k, where the security property is in a regional location or for additional securities.

Approved applicants only. Lending criteria applies. Fees and charges are payable. All rights reserved | Liberty Financial Pty Ltd | ABN 55 077 248 983 | Australian Credit Licence 286596 | Liberty Network Services Pty Ltd | ABN 65 151 158 628 | Australian Credit Licence 408042