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LANNOCK

Navigation
 * Body Corporate Loans
 * Fire Safety
 * Insurance Premium Funding
 * News & Insights
 * Contact
 * 09 965 9965

 * Body Corporate Loans
 * Fire Safety
 * Insurance Premium Funding
 * News & Insights
 * Contact
 * 09 965 9965

 * Does your body corporate building comply with fire safety standards?





Lannock Fire Safety Compliance Loans

With everyone on the edge about fire safety , the Lannock Fire Safety Compliance
Loan is designed to help owners and body corporate managers address critical
issues in fire safety.

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Contact us now for a same day Loan Proposal

  1300 851 585
  enquiry@lannock.co.nz

Contact US

A Lannock Fire Compliance Loan allows bodies corporate to:

Fix compliance issues now at today’s costs
Stay in control of your building and your safety
Easily draw down when funds are required
Pay no fees or interest if the facility is not used
Make an early repayment in full without penalty, simply contact us to deduct the
final interest amount on your next monthly payment

No initial outlay

An easy multi-drawdown facility

Choose your loan term for each advance

How a Lannock Body Corporate Loan works

Contact Lannock for a Loan Proposal to fund your strata improvement project.
Discuss this with the owners.

Ready to proceed? Lannock will provide a Loan Contract to be tabled and approved
at a General Meeting.

As works are completed, the body corporate draws down funds from Lannock to pay
contractors.

You can draw as many advances as required, up to the value of the Loan Contract.
You only pay for what you use, when you use it.

Lannock Strata Loans

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ABOUT OUR FUNDING
Lannock provides funds directly to the body corporate – we do not lend to the
individual owners. Our funding is completely unsecured – there are no mortgages,
banker’s liens, charges or caveats. Because we provide funds to the body
corporate directly, we do not investigate the financial position of individual
owners of units. We do not require owners, committee members or the strata
manager to give personal guarantees. The strata manager is not required to
certify documents.
AMOUNT OF CREDIT
Lannock will provide funds for strata improvement projects up to 20% (depending
on the size of the strata scheme) of the aggregate market value of the lots in
your strata company. Subject to this percentage, there is no specified minimum
or maximum amount we will fund.
Lannock will consider variations to this standard criterion in special cases
such as where the building is being redeveloped or where additional value is
being created.
DRAWINGS (ADVANCES)
Advances can be drawn at any time during the Availability Period (which is
usually 1 year from date of the Facility Agreement).
Contractor’s invoices need to be provided in support of each Advance. Lannock
will remit the funds directly into the body corporate’s account to enable a
contractor to be paid, or re-imbursement for a payment already made.
You have the flexibility with each Advance to specify:
• Term of Advance (1 to 10 years)
• Variable or Fixed Rate (1 or 2 years)
• Interest Only Period (up to 2 years)
 * “Borrowing should always be an option considered by strata owners as part of
   the funding mix.” Rob Beck – General Manager, Owners Corporations Victoria
   Inc (OCV).
 * “What was really great was being able to get a new retaining wall built
   within a few weeks of deciding to do it. You can’t put a price on that kind
   of peace of mind.” Graham Pooley, Treasurer, Owners Corporation, Bellevue
   Hill NSW.
 * “Lannock’s service has allowed us to maintain our iconic piece of Melbourne.”
   Graham Wilson, Chair, Owners Corporation, “The George”, St Kilda VIC.
 * “We would never have been able to achieve such a positive result for the
   owners without the support of Lannock.” Noel McDermott – Chair, Body
   Corporate, “Grand Reef”, Dee Why NSW
 * “Borrowing should always be an option considered by strata owners as part of
   the funding mix.” Rob Beck – General Manager, Owners Corporations Victoria
   Inc (OCV).
 * “What was really great was being able to get a new retaining wall built
   within a few weeks of deciding to do it. You can’t put a price on that kind
   of peace of mind.” Graham Pooley, Treasurer, Owners Corporation, Bellevue
   Hill NSW.

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Lannock Strata Finance 2 Pty Ltd ACN 147 657 823. Lannock Capital 2 Pty Ltd
Australian Credit Licence 412905. Level 3, 140 William Street, Woolloomooloo,
NSW, 2011.



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