What is a Contributory Mortgage Investment?

The Scheme known as RMBL Mortgage Income Investments offers investment in Loans, which are secured by first registered Mortgages over legal interests in real property in Australia. Each Loan approved by RMBL is known as a Sub Scheme and is separate from other Sub Schemes.

The mortgages are registered in the name of RMBL being the mortgagee or lender. Each Member contributes their funds to one or more Sub Schemes. Retail Members approve the security for their investment after receiving the specific details of a particular Loan, in a Supplementary Product Disclosure Statement.

As the Scheme is not a “pooled fund”, your entitlement to income or capital is based only on your investments in a specific Sub Scheme and you have no right to the income or capital of other Sub Schemes. Upon receipt of a Consent Form and allocation of your funds to a Sub Scheme there is no cooling off period and you have no right to withdraw from a Sub Scheme.

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