For loans up to 60% LVR in Adelaide, Canberra, Hobart, Perth, outer Melbourne and Sydney, Gold Coast, Sunshine Coast, Geelong and Wollongong, and more. View our Acceptable Security Locations calculator for updated max loans amounts and LVRs.
Up to 85% LVR for existing units or 80% LVR for new units. The 10 storey limit remains in place for inner-city locations. There is a maximum exposure to Bluestone of 4 units/25% per development.
Qualifying requirements for casual workers is a minimum of 6 months with the current employer and 12 months of continuous employment with no gaps (note: previous requirement was 12 months in the same industry).
If the property is rented via a managing agent (note: if the rental is private, income verification remains at 3 months).
The requirement remains for Specialist+ loans.
If regular for 6 months.
For Near Prime applications in Metro locations only up to 70% LVR and maximum loan $750k.View the Connective Elevate Product Matrix for further information, or speak to your BDM.
View the Connective Elevate Product Matrix for further information, or speak to your BDM.
How we helped a customer gain approval for a Near Prime loan to purchase a new home after a recent separation.
After a recent separation, Jake’s client was struggling to find a lender who would approve their loan application with limited child support documentation. We were able to approve the loan with evidence of one months payment, instead of the six months required by the bank.
Read what broker Jake Hindley had to say about his experience working with us.
“An upward trend in profitability after a period of downturn (ie. COVID) can be considered on Alt Doc”
This publication is intended for Connective Elevate introducers and referrers only and is not to be distributed to anyone else, including consumers, under any circumstance. The information in this email is given in good faith, believed to be accurate at the time of posting and is subject to change at any time. Information is accurate as at 27 September 2022.
Your Connective Elevate Home Loan is administered by Bluestone Servicing Pty Ltd (Bluestone) ACN 122 698 328 (Australian Credit Licence No. 390183) on behalf of the Credit Provider, Permanent Custodians Limited ACN 001 426 384. Distributed by Connective Credit Services Pty Ltd ACN 143 651 496 (Australian Credit Licence No. 389328) trading as Connective Home Loans. Lending Criteria, terms & conditions, fees and charges apply.
