Our Loans
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Simplified Body Corporate Funding
New and old developments can face serious issues requiring large-scale remediation. What’s your plan to fund the work required? Our straightforward and flexible funding is tailored to meet the needs of all unit title communities, no matter how large or how small.
Common Loan Purposes
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Seismic Strengthening
Reinforcement of buildings and structures to withstand seismic forces, ensuring they meet modern seismic safety standards.
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Building Remediation
Remediation and restoration of significant issues, ensuring the building’s integrity and safety.
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Cladding Rectification
Removal and replacement of combustible cladding, to improve fire safety and compliance.
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Upgrades to Common Property
Improvements and enhancements to common property, to increase the asset’s value and appeal.
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Repairs and Maintenance
Necessary upkeep and preservation of common property, ensuring its functionality and longevity.
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Insurance Premium Funding
Ease the financial burden of rising annual lump sum insurance premiums while maintaining full coverage.
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Requesting a Funding Proposal is simple and fast. Solve your funding challenges today with the experts by your side.
STEP ONE
Get started online in 2 minutes
Click 'Get Started' to complete our Funding Proposal Form. You will need your Body Corporate details, along with the requested facility amount and loan purpose.
STEP TWO
Get a tailored Funding Proposal in 48 hours
We'll send a Funding Proposal with indicative rates and repayments. Once tailored to your project, we'll provide a Facility Agreement and Motions to be tabled at the General Meeting for approval.
STEP THREE
Draw down funds as needed
After your credit assessment is complete (usually 2 days), we’ll notify you of loan approval. Simply draw down funds as required each Thursday, with instructions and documentation required the Thursday prior. Repayments are made by direct debit monthly, with statements issued quarterly.
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Why lannock?
We’re number one in Australasia
As Australasia's leading Body Corporate lender, our flexible-use funding is designed exclusively to meet the needs of unit title communities.
Simple and Fast
You can expect a tailored loan proposal within 48 hours of submitting a loan enquiry.
Stays with the Unit
The loan is to the Body Corproate, not you. The responsibility for repayment stays with the unit, not you as an individual owner.
Experts by your Side
Our experienced team will provide personalised guidance at every step.
Flexibility and Choice
Provides speed, flexibility and options in how you fund your unit title projects.
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