Merchant Mortgages are sort of a broker’s broker specialising in commercial and non-standard lending such as no doc loans for both residential and commercial. Yes they claim to offer true ‘no doc’ loans although their information does say no owner occuppied or National Credit Code…. and that counts out quite a bit.
Rates appear to be 1 to 1.50 per cent above standard variable ie: 2 to 2.50 per cent above the normal residential market rates and LVR maximum is 65%
