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Connective and Skip have together launched Connective Skip, a new low-deposit solution within its white-label lending portfolio. The product enables brokers to support deposit-constrained clients and progress scenarios that may otherwise stall. Eligible borrowers can access a home loan with as little as a 2% deposit, including for investors seeking higher LVR lending options. In some scenarios, the solution may provide borrowers with up to 30% greater purchasing power compared to traditional 95% LVR lending with Lenders Mortgage Insurance.
As rising property prices continue to outpace income growth, the deposit hurdle is becoming the primary barrier for many borrowers. For brokers, this is translating into a growing pipeline of clients with strong serviceability but limited ability to move forward.
The launch marks a further expansion of the Connective Lending white label portfolio, which continues to evolve in line with broker and client needs. Available exclusively to Connective brokers, Connective Skip addresses a clear gap in the market by enabling brokers to support deposit-constrained clients and help progress scenarios that may otherwise stall.
“Brokers are increasingly working with clients who have the capacity to service a loan but are held back by the time it takes to save a deposit,” said Michael Goerner, Head of Connective Lending.
“Connective Skip is designed to give brokers a practical pathway to progress those scenarios, particularly where deals may otherwise stall, while still aligning with the client’s financial position and goals. It’s about expanding the range of options brokers can confidently bring to the table in a more constrained affordability environment.”
As affordability pressures persist across the housing market, saving a deposit remains one of the biggest challenges for borrowers. It now takes more than five and a half years on average for Australians to save a 20% deposit, according to PropTrack. Property values have also continued to outpace income growth, with CoreLogic reporting strong housing price growth while ABS data shows more modest increases in wages.
“Brokers are seeing more clients who can comfortably service a loan but are stuck in a cycle of saving, rising property prices and expiring pre-approvals,” Goerner added. “Connective Skip provides a new pathway to break that cycle and help those clients move forward with confidence.”
For brokers, the addition of Connective Skip creates a meaningful opportunity to expand their client offering and capture more business. By supporting deposit-constrained borrowers, brokers can convert long-running or stalled opportunities into settled deals and work with a broader range of customers including first home buyers, upgraders and investors.
Skip Co-Founder and CEO Mario Emmanuel said the partnership with Connective would significantly expand access to low-deposit lending solutions through the broker channel.
“Partnering with Connective allows us to scale access to a solution designed for a growing segment of borrowers who are being left behind by traditional deposit requirements,” Emmanuel said.
“Through the broker channel, we’re enabling more clients with strong fundamentals to take the next step in their property journey, while helping brokers support a wider range of scenarios.”
Connective Skip is now available exclusively through the Connective Lending portfolio to over 5,400 Connective member brokers.
