Exciting policy changes are here!

To help you service more clients and grow your business, we’re bringing you some big improvements to our policy as of 28 September 2023.

• We’ve decreased our servicing buffer to 2% across ALL products
• Removed cash out limits on loans up to 90% LVR.
• Evidence of purpose needed if the loan is >50% of the property value or >$200k.
• Specialist & Specialist+ loans unlimited up to 80% LVR, up to $200k for over 80% LVR
• Increased our LVR on Near Prime to 90%
• Applies to Full Doc, Alt Doc, Owner Occupier, Investor, P&I and IO
• Reducing the requirement to 5% liquidity in an SMSF
• Increased the maximum exposure limits to up to $5m
• Limit amounts increase across all products. Weighted average of 80% LVR when total lending is above $3m.
• Accepting Borrowers of Convenience on investment loans
• Customers must acknowledge reason and responsibility for servicing the loan and obtain legal advice.

Increasing our LVRs and loan amounts across Australia

1. Sydney/Melbourne

Maximum loan amount increased to $3m.

2. Other capital cities & select regional cities (except Darwin)

Maximum loan amount increased to $2.5m and max LVR increased to 90%.

Central Coast and Newcastle regions added to the ASL, which includes Brisbane, Perth, Adelaide, Hobart, Canberra, Gold Coast, Sunshine Coast, Wollongong, Geelong, Byron Bay.

3. Other non-metro locations

Maximum loan amount increased to $1.5m.

We’ve improved our serviceability and flexibility and reduced requirements and paperwork for your customers with these helpful policy changes.

Check out this brochure to learn more about these exciting updates.

View the latest Product Matrix for the full rate card.

Learn more at our Policy Update webinar

If you’d like to learn more about our policy changes and how they can help your customers, make sure you register for our Policy Update webinar on Tuesday 31 October at 2pm.