Reviewer Photos & Videos
UPDATE 10th June
Both Lendi and HSBC contacted me to assure me that complaints are taken seriously and they value the customer. Statements not backed by real action. Matter still unresolved over 3.5 weeks later, promises to contact me etc not kept. However their performance in not resolving the matter and provided the worst customer experience ever is very consistent.
For anyone looking to refinance, AVOID Lendi and HSBC. Both provide absolutely appalling service. After taking months to have the transaction completed, the interest rate applie...d was much higher. After raising the issue with both Lendi and HSBC, both incompetent organisations requested that I provide them with documentation issued by them. Having done that, the matter still remains unresolved weeks later. Maybe flooding every social media platform naming and shaming these two organisations might help resolve the matter quicker. You would think providing them with documentation issued by them showing the agreed rate would be simple to resolve - unfortunately, that doesn't appear to be the case.
Private info breachers
I didn't receive or ask for a loan BUT I was interested in the value for a property. I didn't understand why but I entered my phone number and I received a pin. In just a few hours I have received annoying phone calls. Even received a message saying that $99 will be deducted from my account. I thought lendi was a legit home loan company...
Unreliable and waste of time
I used Lendi twice, once as a first home buyer and then for refinance. In both instances I got wrong products recommended and the process was so slow that I had to get loan arranged from somewhere else.
During refinance I was suggested HSBC. I patiently waited for 4 months but got an abysmal 3.37% fixed rate offer blaming the bank. I would recommend Lendi to those who want to waste their time.
Could get organised before cooling off period.
Kept getting told I would have no issues getting a loan. Made an offer on a property. No response - kept following up. I asked my broker will this be done on time or should I go to my bank because I was not getting a response or any timeframes. On the last day of my cooling off period they said sorry you need a higher deposit. I wouldn't use them ever again. I went straight to a bank and they approved it within an hour. Doesn't take away the fact that a few hours until my cooling off period ended was made super stressful because of this company.
Absolute waste of time!
Extremely disappointed with the service and outcome I received after being promised to be refinanced with HSBC. Lendi had me believe everything looked great and was going to take a couple of weeks to get approved. 2 months later after going through the whole process I get turned down because I’m self employed and run a business. Don’t bother wasting your time! Refinance with someone else as I found a much better company that’s already getting me approved and refinanced.
Very disappointed with Lendi settlement team
The broker i delt with to start the process Eric was fantastic but it went down hill from there , i was sent 2 incorrect bank contracts the settlement member Roneel was very hard to get onto he only returned my call after an email outlining my intentions to contact the ombudsman I was given 6 different settlement dates with a lack of explanation why ? that is totally unacceptable and poor business practise we have excellent credit history which was a straight forward application but clearly for a business that is in this line of work on a daily basis cant even get the simple refinance contract settled in a timely manner this is a real concern .I definitely will not be recommending Lendi to family or friends .
These guys are unprofessional, inefficient, incapable, cost me 4k in penalty due to their slow processing time
It was my biggest mistake trusting an online broker. Everything seems fine at first and turns super slow after I put in my deposit with my purchase.
I was contacted by [Name Removed] on 30th June 2021, he was "confident" as assured me that it would be easy to get the loan through him and the bank he chose AMP (which was just as incapable)
The very first mistake was getting my name wrong, which caused a huge amount of time proofing my name.
There was so much time wasted asking over useless information, questions and even wanted me to create a s...
What a joke this company is
Had a dispute about 6 weeks ago and manager called and we sorted it out ..told everything will be fixed in 21 days..so I proceeded no further as took their word again.. !! What a mistake that was 27 days and still waiting ..should have kept to my guns and principal instead of being understanding..no car taken here..very..very poor
Absolute nightmare. Go straight to the bank and forget lendi.
Started the process of refinancing my home loan and investment loan April 2 2021. July 16 still not finalised. At least 20 calls and lost count of the Amount of emails. Dealt with 3 different brokers so far. Miss a call from lendi and ring back within 5 minutes and not get a response until the next day.
Make an appointment to sign documents at bank and Lendi have only sent half of what is required. Now have Lendi and Westpac telling me it is each other's fault that the documents aren't there.
If I was to go straight to the bank it would have b...
Took over 3 months to settle
Mortgage broker was great but Lendi themselves were hopeless. Took over 3 months to settle…kept telling me they were hoping for it to happen the following week..again & again & again. Rate was good. But 3.5 months was not what I consider to be easier & quicker
Incorrect calculations lost us thousands
Lendi agent made an error in his calculations, advised us of the amount we could offer on a property, whist keeping our $60k savings. The $60k was needed to cover the cost of some major repairs on our house before we leased it out to tenants. This was made very clear from the beginning. Numbers were off and we lost it all. Complained to the company and manager, who then tried to "help" us by offering to assist us to borrow more money to get back our $60k. No compensation for financial and personal stress offered, just help to get further into d...ebt and higher monthly repayments. Very upsetting and stressful. One of the worst experiences of our life. Now have to ask family to borrow so we can take care of the repairs. Beginning the complaints process with AFCA.
Took over 3 months to settle. Most frustrating process I have ever been through. Never again. Next time I will go straight to the Lender and not use this Company.
After being told my first contract interest rate expired before they could get the contract. 2nd one received and made appointment with the bank for id and loan check only to be told that it was the incorrect contract again. Are these guys really MORTGAGE BROKERS???
My last review saw me getting one call to resolve the issue which I was unable to take as I was working. No follow-up call made to me. Is this how you provide customer service....I think not. Not impressed with any practices of Lendi and their professional way of wasting peoples time ongoing. My rating to date has fallen from 1 star to - 5 for their effort - NOT.
Will never go through lendi again
Applied for a loan in November 2020, loan still has not gone through May 2021. I have lost a lot of money in interest in this period of time! Lendi keeps blaming the banks for the wait, however are very slow themselves to find resolutions to questions I have asked.
Worst home loan brokerage experience ever
It took us 6 months for a simple home loan to be processed by Lendi. We had 2 loans, both with big banks, that we were getting refinanced into one loan, to another big bank, and due to Lendi's mismanagement of our refinancing, we had to submit our loan statements 6 times because of the time that had elapsed between submitting our paperwork to the receiving bank. I had spoke with all the banks trying to see where the hold up was and they all said it was because Lendi was not sending the paperwork through. Even the banks tried contacting Lendi...to assist with the transfer and got nothing. Just the accrued interest that we gained over this time, cost us money. The only reason this got resolved is because our submission got red flagged and sent to Lendi's BDM, where the completing of the transfer happened in one day. The staff were very nice and seemed genuinely supportive but the complete lack of management and following due process was inexcusable. I see the other reviews have been positive, but there is no way I will ever recommend Lendi as a professional service
Questions & Answers
Hello, waiting for someone to answer my email about removing my details from your system as you broker was rude. I have emailed firstname.lastname@example.org - and there is no one on the other end to help.
Please respond to my email and follow instructions within.
Looking forward to a reply.
I have sent you a private message here on Product Review in order to rectify this issue urgently. Looking forward to hearing back from you!
I am a free-lance real estate agent and now working for Investment Property Consulting. I have a client who wants to buy an investment property. Here are his relevant information:
1. A single-earner with no dependent except his wife who’s not working;
2. He’s earning $65k a year; no personal loan with credit card with 6k limit;
3. His owner-occupier is valued at more than 65k with existing mortgage of only $194k;
4. He is willing to put deposit up to 30% coming from his equity
He wants to know how much he can borrow. I can provide you with any relevant info/documents you may require and you can talk to our client after. You may call me through my mobile phone.
May I hear from you soon.
0430 308 813
Hi Alex, thank you for reaching out. We actually have a really useful tool on our website to help with your inquiry called our burrowing power calculator https://www.lendi.com.au/calculators/. You can...complete the questions to determine the clients capacity. Alternatively, the client can reach us directly by calling us on 1300 323 181 to get in touch with someone from our team. Thank you.
Why doesn't lendi answer their phones anymore ,I have used them previously and found the service great but now can't speak to anyone?
Hi Daniel, thank you for taking the time to leave us a question.
We take customer experience seriously and try answer all inbounds, otherwise we have a call back system in place in case we miss any calls. ...We will be looking into what has happened and will send you a private message to discuss this further. Please reach out on 02 80264019 if you have any further questions or queries and we would be happy to assist you.
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