Private mortgage pricing calculator:
find the bucket in fifteen seconds.
The Lendmax private mortgage pricing calculator answers eight questions about the file and returns every program the deal lands in — Prime, Flex and the quick-close series — the loan-to-value ceiling for that profile, and the reason behind each verdict. Then it writes your submission email for you. No rate or fee is quoted; those are priced per file.
Published by Lendmax Capital MIC|Updated About our team
Lendmax Pricing Calculator
Program fitWhat it does
- Reads your inputs against the current Prime, Flex and specialty boxes
- Shows every program the file lands in, not just the first one
- Returns the LTV ceiling for that specific profile
- Gives the reason behind each verdict, line by line
- Drafts a submission email to the desk with your answers in it
What it does not do
- Quote a rate or a fee — pricing is per file and comes from the desk
- Approve anything — it is a fit check, not a commitment
- Replace an appraisal or a bureau pull
A result of “Flex” is not a decline, and “outside the box” is not a dead file. Exceptions are underwritten, not automated.
What we need next
- Complete application — Filogix, Scarlett, Boss or email
- Appraisal, ideally from the approved panel
- Credit report
What actually moves the price of a file.
Lendmax does not publish a rate card, because a rate quoted without the file behind it is a guess. What is published is the list of things that move the price, in roughly the order they matter. A broker who can speak to all six will get a number back quickly.
- Position. A first charge recovers before anything else; a second recovers only after the first is paid in full. That difference is the single largest input into price, and it is why a second is never priced like a first.
- Loan-to-value, measured on the combined balance. Not the new money alone — everything registered ahead of the new charge, plus the new charge, against the appraised value. A second at a modest face amount can still sit at a high combined ratio.
- Marketability of the property. How long it would take to sell at the appraised value. A city semi and a rural acreage can appraise the same and price differently, because recovery time differs.
- Program family. Prime prices sharper because the box is tighter. Flex prices above it because it accepts files Prime turns away — private money on title, smaller centres, thinner credit. The box is the price.
- Term and whether it is open. Three to twelve months, open or closed. An open term with no penalty carries a cost, because the lender cannot rely on the term running.
- The exit. A file with a firm sale, a conditional institutional approval or a dated refinance prices better than one whose plan is to renew. The exit is the part of the file brokers most often leave blank, and the part that most changes the answer.
Credit sits deliberately below those six. It determines which family the file lands in and it is read for arrears, but a private mortgage is not priced off a score the way an institutional mortgage is.
What comes back, and how fast.
What a quote contains
- The program the file is being priced in, and why
- Position, amount and the loan-to-value it represents
- Rate, lender fee and term, itemised rather than bundled
- Conditions, including anything the appraisal has to address
- When the commitment expires
What makes it slower
- No appraisal, or an appraisal that avoids the comparables
- Title unclear — undisclosed liens or arrears surfacing late
- No exit stated, or an exit that is simply "renew"
- A second submitted without the first's balance and terms
Where to send it
Filogix, Scarlett or Boss through the standard lender flow, selecting Lendmax Capital. Or email the desk directly with the application, appraisal and credit bureau attached.
Email the deskPricing — questions brokers ask
Why will the calculator not show me a rate?
Because the inputs it collects are not enough to price a file. It knows the location, the credit band, the position and the property type, which is enough to return a program and a ceiling. It does not know the appraised value, the balance ahead, the condition of the property or the exit — and those are what move the number.
Can I get an indication before I order an appraisal?
Yes. Send the file with an estimate of value and say it is an estimate. The desk will indicate a program and a range of outcomes, and tell you what the appraisal needs to confirm for the indication to hold.
Does the lender fee move with the rate?
They are set together but quoted separately, so you can see both. A file can carry a lower rate and a higher fee or the reverse, and which structure suits the borrower depends on how long they expect to hold the mortgage.
Is the quote negotiable?
The price follows the file. Change something real about the file — a lower amount, a better position, a firm exit, an appraisal that resolves a question — and the price changes with it. Asking for a better number without changing the file does not move it.
How long does a commitment hold?
Each commitment states its own expiry. Pricing reflects conditions at the time of the quote, so a file that goes quiet and comes back weeks later is re-priced rather than resumed.