Resi’s Products and Policies are significantly expanding!
The Resi team has unveiled a series of new product and policy updates designed to better serve your non-bank clients. Some key highlights of these updates include:
- Increased maximum loan sizes up to $3 million, with higher LVRs up to 90% across prime, near-prime and specialist products
- Reduced servicing buffers (now 1.5%) and simplified living expense requirements
- Flexible assessment of credit report assessment, focusing on repayment history rather than credit scores
- Maximum client exposure increased to $5M
The team also shared insights into upcoming enhancements like Expat Loans, SMSF products and continued policy improvements based on broker feedback.
We are committed to providing flexible, solution-oriented lending to help you secure the best outcomes for your clients.
Reach out to your Resi BDM below to discuss how these changes can benefit your business.
