Levy Assist
Simplified and Flexible Strata Lending.
Your Solution to Managing Levy Arrears
Strata living fosters vibrant communities, but it also brings its own set of challenges. Rising maintenance fees, insurance premiums, and administrative costs can strain strata communities and Owners Corporations, especially if owners fall into arrears.
Levy Assist is here to help you manage levies in arrears.
Levy Assist is here to help you manage levies in arrears.
Benefits of Levy Assist:
- Financial Assistance: Levy Assist funds the shortfall of levies in arrears, providing clearance to work towards a resolution.
- Flexibility: You choose the facility amount that suits your needs.
- Favourable Rate: The Levy Assist rate is below the government rate, and our most competitive rate.
- Flexible Repayment Options: Speak with our expert team to tailor your repayment plan.
- Extended Term: We offer 24-48 months facilities, with extensions available upon request.
- No Hidden Fees: We've waived approval fees and charge no line, facility, commitment, or monthly/annual fees.
- Early Repayment: You can repay the facility at any time without incurring fees.
Who Is Eligible?
Levy Assist is provided to the Owners Corporation. Not individual owners. Therefore, no personal guarantees or financial information from owners are required. Accessing funds is straightforward – draw as needed.
Taking the Next Steps:
- Contact Us: Request a Funding Proposal here.
- Request a Levy Assist Facility Agreement: When ready, initiate the process.
- Credit Assessment: Provide the requested documentation to complete the Owner Corporation conditional credit approval process.
- General Meeting: Send out a notice for a general meeting with facility resolutions.
- Finalise Agreement: Hold the meeting to finalise the facility agreement. Your Lannock specialist will be available to attend and provide owners with information and answer questions on the funding option.
- Execute Levy Assist Facility Agreement: Sign and return it to us.
Navigating these uncertainties together
Lannock Strata Finance has been a leader in flexible strata funding solutions for Australian strata communities for over two decades. We are committed to supporting strata communities and Owner Corporations during these difficult times, offering a simple and flexible solution for managing levy arrears effectively.
Get Started Today
For any questions or further assistance speak with our expert team on 1300 851 585 or request a Levy Assist funding proposal here.
Why Choose Flexible Strata Funding from Lannock?
Strata projects are full of complexities and unknowns… our innovative strata funding solutions are simple and secure.
We’re the leading strata funding specialists. We don’t just lend to Owners Corporations, we are Australia’s experts at it. Benefit from our +20 years of proven experience.
An expert team with boots on the ground. You’ll have a dedicated relationship manager with personalised insights and guidance at every step of the process.
Fully Transferable ‘User Pays’ Solutions. Levies to service a facility is tied to the lot, not the individual owners. Don’t be tied down with unnecessary risk. Our flexible use funding can accelerate your projects so you get to enjoy the benefits while owning the property.
Transparent and Competitive Terms. You have the control and flexibility to set the length of your facility and interest-only periods at each drawdown of your multi-drawdown facility.
Free from complexity and administrative burden. Straightforward, secure and tax-compliant strata funding, with low ongoing administration.
Speak with an adviser about the tax benefits of a strata finance.
Convenience and affordability. Our flexible funding facilities are there when you need them and offer significantly higher benefits (tax-offsets, cashflow, lifestyle) than sinking funds or special levies.
We’re the leading strata funding specialists. We don’t just lend to Owners Corporations, we are Australia’s experts at it. Benefit from our +20 years of proven experience.
An expert team with boots on the ground. You’ll have a dedicated relationship manager with personalised insights and guidance at every step of the process.
Fully Transferable ‘User Pays’ Solutions. Levies to service a facility is tied to the lot, not the individual owners. Don’t be tied down with unnecessary risk. Our flexible use funding can accelerate your projects so you get to enjoy the benefits while owning the property.
Transparent and Competitive Terms. You have the control and flexibility to set the length of your facility and interest-only periods at each drawdown of your multi-drawdown facility.
Free from complexity and administrative burden. Straightforward, secure and tax-compliant strata funding, with low ongoing administration.
Speak with an adviser about the tax benefits of a strata finance.
Convenience and affordability. Our flexible funding facilities are there when you need them and offer significantly higher benefits (tax-offsets, cashflow, lifestyle) than sinking funds or special levies.
No Job is too Big or too Small
Most flexible strata funding available. No job is too big or too small. No minimum funding amount.
Simple & Fast Process
Contact us today for a Funding Proposal so you can get started quickly.
Dedicated Team
Specialist and dedicated team ready to help owners and strata managers around Australia.
We Lend
We can lend for renovations, defects, green projects, strata insurance, litigation and more.
Our Flexible Strata Funding Solutions
We are strata funding specialists. We focus on providing flexible and streamlined funding to strata communities.
Lannock provides unsecured funding solely to the Owners Corporation. Our facilities are flexible and fully transferable with the sale of a property.
Nothing is lent to individuals.
Lannock provides unsecured funding solely to the Owners Corporation. Our facilities are flexible and fully transferable with the sale of a property.
Nothing is lent to individuals.
- No impact on your individual credit rating.
- No personal guarantees are required.
- No mortgages, banker’s liens, or caveats.
Facility Amount
We offer a range of ‘user pays’ strata funding solutions that are flexible and secure.
- Up to 35% LVR for buildings with over 20 lots.
- Typically, Lannock provides 100% of funds borrowed. However, our solutions often compliment a mix of equity to fund a project.
- No minimum or maximum facility amount.
Multi Drawdown Facilities
You can draw down on your facility at any time during the Availability Period – typically 12 months from the date of the Facility Agreement.
Lannock deposits funds directly to the Body Corporate’s account to pay contractors as works are completed.
It’s your project, on your terms. Foreach drawdown, you have the flexibility to set your:
Lannock deposits funds directly to the Body Corporate’s account to pay contractors as works are completed.
It’s your project, on your terms. Foreach drawdown, you have the flexibility to set your:
- Term of Advance (1-15 years).
- Interest Only Period (up to 5 years).
Owners Corporations only pay for what is drawn down, after it is drawn down.
Low-Administration and Tax-Compliant
Strata is full of complexities and unknowns… our products aren’t.
- Simple and straightforward administration
- Repayments are automated monthly direct debits.
- Levies for the repayment of the facility are tied to the lot, not to the individual owner – it is transferable!
We are not financial advisers or bankers. We specialise in strata finance to fund strata communities. Significant components of our solutions can provide a tax benefit for Owners Corporations and owners. You should seek tax advice to ensure you are saving the most you possibly can.