Investing with us is a two-stage process.
 
Stage one:  Registration – Registering in the Scheme is easy.  Simply complete the Acknowledgment Form attached to this Product Disclosure Statement (PDS) and forward it to us.

Stage two:  Investment – Once registered, we will supply you from time to time with an Investment Proposal which sets out details of a Mortgage Investment in which you may be interested in participating. The Investment Proposal is provided to each investor and includes details of:

• within the privacy guidelines, details of the borrower/s and their credit report;
  
• the mortgage and the rights that go with it;
• a description of the type of property that is to be provided as security;
• details of the valuation of the security property by an approved valuer and the basis of the valuation;
• the loan to valuation ratio;
• details of the proposed security property any prior securities over the security property;
• the interest payable by the borrower and the proposed Distributions to be paid to you;
• the expected term of the loan; and
• any other details which we consider should be provided to you.

To invest, complete and return the Application Form attached to the relevant Investment Proposal together with your cheque.

Each Investment Proposal will detail the amount of funds required by the borrower.  All investors’ funds are deposited into an applications account until sufficient money has been raised to proceed with the Mortgage Investment.  Investors should note that where the Mortgage Investment is for construction or development, we may elect to structure the loan in a way whereby the funds are provided to a borrower in several instalments as the construction proceeds.  We may advance the initial funds to the borrower without having received the entire loan amount.  When all our security and other requirements have been completed by the borrower the money is advanced to the borrower (either in full or by instalments). This is the commencement date of the term of the Mortgage Investment for relevant Investors and the date from which interest payment dates for that mortgage are set.

No application money is allocated to a Mortgage Investment unless we hold your signed Application Form relevant to the particular Investment Proposal.