We have made some exciting changes to increase credit appetite for above 80% LVR lending.
Effective 18 August 2023, the following policy and product changes will apply:
- Removal of 1.35 x’s nett servicing requirement for >90% LVR Owner Occupied P&I lending, (now 1.0 x’s - *please note an “alert” will remain on our NSC, however the rate loading will not be applied).
- Interest Only restriction has been increased from 80% to 90% LVR inclusive of LMI.
- Introduction of 12 or 24 months Interest Only for new construction lending (variable rate only).
*NSC “alert” message will be removed in future calculator release.
In conjunction with these changes, there is a new rate card available in Mercury Nexus Research or contact your Connective Home Loans BDM to discuss further.
Introduction of e-Sign Consents ApplyOnline coming soon
Say goodbye to the old manual completion of Consents & Declarations within ApplyOnline. We are enhancing the customer experience and improving the ease of doing business with us by simplifying the process of application consent for both the applicant and the broker, ensuring compliant documentation is submitted to the bank first time.
Primary objectives:
- Improve the client and broker experience by providing a seamless digital signing process.
- Improve the application quality rate ensuring that consents are fully completed and signed by all parties.
- Reduce time to approval and stop applications being referred back to broker.
