As a rule, when a refinance of a particular loan is to take place between one lender to another, the conduct of the existing loan facility is scrutinized for good conduct or bad conduct.

Yet, having the ability to show only 3 months loan conduct is a positive as it limited information to the new incoming lender. This can help in particular instances where in the previous 4-8 months a client could have been late or in arrears in a loan repayments which would otherwise hinder his/her ability to refinance or raise additional funds.

The 3 months refinance statement rule is advantageous as it opens up lending to a potential client through a major bank up to 90%LVR, with the client benefiting from good quality bank pricing rather than seeking finance through a non conforming lender.