Yard offers a digital platform for streamlined mortgage applications, providing a range of loan products for owner-occupiers and investors. The service simplifies the financing process for home, construction, bridging, and commercial property loans through an intuitive online system.
Funding
Funding not disclosed
Founders
Product
Problem
Securing home loans, construction finance, and bridging loans can be a complex and time-consuming process for individuals and investors. Navigating the mortgage application landscape often involves significant paperwork and lengthy approval timelines, creating friction in the property acquisition journey.
Solution
Yard provides a streamlined digital platform for mortgage applications, offering a range of fully-featured loan products designed for owner-occupiers and investors. The platform simplifies the financing process through an intuitive online application system, aiming for faster and more convenient outcomes. Yard offers competitive rates and supports various loan types, including home loans, construction loans, bridging finance, SMSF loans, low-doc loans, and commercial property loans. Their approach emphasizes efficiency and accessibility, allowing users to manage their applications and access financial tools online.
Target Audience
The primary customers are individuals and investors seeking home loans, construction finance, bridging loans, and commercial property finance. This includes owner-occupiers, property investors, self-employed individuals, and businesses requiring commercial property financing.
Features
- Online application portal for home, construction, bridging, SMSF, low-doc, and commercial loans.
- Competitive variable interest rates starting from 5.39% p.a. for owner-occupiers and 6.04% p.a. for investors.
- Fully-featured loan products including unlimited additional repayments, free redraw facilities, and optional 100% offset accounts.
- Loan-to-Value Ratio (LVR) up to 95% for owner-occupiers and 90% for investors, with Lenders Mortgage Insurance applicable for LVRs over 80%.
- Specialized loan products for self-employed individuals, including flexible income verification options (e.g., accountant's letter, BAS, bank statements) and low-doc alternatives.
- Commercial loan options for property purchase or refinance, with loan amounts up to $3 million and terms up to 30 years, allowing up to 80% LVR.
- Integrated suite of online calculators for mortgage repayment, borrowing capacity, refinance, home deposit, stamp duty, and home equity estimation.
- Dedicated loan consultants providing personalized support throughout the application and loan management process.