Lease Underwriting Limited (LUL) was established in 1973 by a consortium of major financial institutions as Australia's first major asset based financier. LUL has since been involved at the forefront of development in the leasing and asset based finance markets, servicing corporations & medium enterprises, government, and education.

PIONEERS IN FINANCING

LUL pioneered leveraged leasing in Australia by successfully completing the first leveraged lease in 1974 for a $21 Million copper smelter in the Northern Territory. LUL has since financed many high profile assets including the Sydney Newcastle Gas Pipeline and the Australian Research and Re-supply Vessel, the ‘MV Aurora Australis’.

LUL is actively involved in the financing of:

Being a specialist in equipment finance, LUL’s role has naturally extended to rental and the provision of asset management and tracking services. LUL is a prominent residual value underwriter for major banks, lessors and general financiers, allowing these institutions to offer rental to their clients. As a result of underwriting residual risk, the LUL Group is a major participant in the new and used equipment markets.

In relation to property, LUL prides itself in formulating the right mix between the various disciplines and regulatory regimes that affect real property ownership and occupation, generating considerable financial and commercial benefits for clients.

LUL is today a totally independent Australian company which continues to operate in Australia, Asia and the Pacific Region.