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Apparently the ads are running tomorrow (11th December) in AFR and The Australian: http://www.derivex.com.au/company/licence.htm

Hi TJ Thank you for your very detailed and understandable analysis. I am certainly looking forward to Trevor's reply!

I'm sure plenty of people thought that John Symonds and Aussie Home loans were nuts when they started out, and they basically revolutionised the industry. I think it's good that this product is being examined and researched in detail. After all, if it is genuine, I don't want to miss out...

Ajax Perhaps the Australian version works in a different way? The following is from the FAQs section of the Australian website. 22) How are interest free home loans structured? Interest free home loans are designed to direct 100% of all home loan equity and all property capital gains to...

Certainly I would be very wary if the 5% needs to be paid prior to settlement. However the $475 application fee is hardly unusual in Australia, plenty of lenders ask for an application fee around the $500 mark before they'll process your application.

The following is from the FAQs section of the website. Not sure whether the first para means you pay the 5% when the loan is approved, or when it's settled. "The refundable loan conduit fee is a 5% of initial loan amount, single, up front fee, payable once only upon acceptance of the Loan...

I'm also trying to work out - if it is a set up of some sort, how are they going to rip me off? If the 5% isn't payable prior to settlement, then surely they have to put forward a lot more money to me than I do to them.... I'm certainly always keen to know that a company is above board, but I...

I have a mailing address of: Derivex Asset Management Limited > 3/24 Lower Almora Street > BALMORAL NSW 2088 > Perhaps they have only shifted recently?

I don't know that I'd get too worried by that - if they're only new, it can take ages for a big building to update its directory! You'd need to know what floor they're on and then go to that floor I think.

Yes, somewhere in the blurb it mentioned that the 5% is held in reserve in case you default basically. If you do everything right, it comes back to you. There is a 1.95% fee if you refinance within 5 years, but then again a lot of "non-conforming" lenders charge stuff like that nowadays.

Hi all I picked up the web address for Derivex www.derivex.com.au on another forum, and it looks very interesting. Interest Free Home Loans! Anyone have feedback on this? I'm particularly interested in the fact it doesn't need to be mortgage insured, as I'm maxed out on LMI!