Lending Specialist for the Mining & Resources Sectors
Authorised Representative – Astute Financial Management Pty Ltd.
(ABN 59 093 587 010. Australian Credit Licence Number 364253)
Diploma Finance & Mortgage Broking
Cert IV Finance & Mortgage Broking
Mortgage & Finance Association of Australia (MFAA), Member 11 years
Credit & Investments Ombudsman (CIO), Member 11 years
10 years Finance Broker (CBA)
Bank Lending Policy & Procedures Advisor for 100 Brokers (CBA Qld)
Self-Employed Licensed Lender since 2007
Lending specialisation for Mining & Resources sectors since 2013
Richard Loveday is a lending professional with over 20 years finance industry experience. Having commenced his career with one of Australia’s big four banks, his significant experience and knowledge includes the important role of policy and financial procedure advisor that helped guide the banks’ top 100 finance brokers (Qld).
Self-employed since 2007, Richard is an Authorised Representative of Astute Financial Management Pty Ltd. ABN 59 093 587 010. Australian Credit Licence Number 364253. He provides lending advice and finance broking services for residential, investment, commercial/business and vehicle & equipment. Additionally, since 2013 Richard has specialised in providing finance and lending services for mining and resources professionals, executives and business owners.
Lending for the mining and resources sectors frequently involves complexity and consideration of ‘bigger-picture’ financial goals. Richard’s lending approach is consultative and collaborative as he researches and selects finance options most suitable for the purpose and in accordance with each individual client’s circumstances.
Knowledgeable, thorough and extremely well organised, Richard’s forte is finding finance solutions for difficult lending requirements while offering a clear and professional process that enables confident decision making. This direct, no fuss approach is expressed as: Simple Solutions. Straight Up.
Importantly, Richard regularly consults with other specialised professionals to create appropriately structured lending solutions that consider financial planning, legal, tax and business objectives.
Lending advice for property purchases for mining and resources personnel ranges from loans for first home buyers, lending for new homes, investment property and importantly, refinancing residential properties to suit new or changed circumstances.
That is, the mobile nature of mining and resources personnel often dictates amendments to the terms of a loan for a primary place of residence that becomes an investment or rental property when the owners transfer to another mining or resources location.
These clients often accumulate numerous properties – primary residence, holiday homes and rental properties – that can have differing loan considerations that need consideration.
Richard develops finance and lending solutions that not only consider favourable interest rates and terms, he also considers his client’s bigger picture requirements. This can include arranging finance for business and commercial purposes, leasing for vehicles and equipment and lending for financial planning and wealth generation strategies, while working with aligned advisors to observe tax or legal matters.
Born in Melbourne, but a resident of Brisbane for the past 35 years, it stands to reason that Richard’s sporting code of choice is Australian Rules Football. A loyal supporter of Hawthorn, Richard also supports youth, providing sponsorship for junior players who cannot afford the fees. Richard is married to Jane and has three children – Camilla, Oscar and George.