Kath's Credit Crunch Friday 12th September

🟠 Go Edge (Powered by Advantedge)

• ⏰ Reminder: New applications and variations must be submitted by 30 September.

🟣 Sucasa – Loan Market Exclusive 

• ✨ 98% LVR for Owner Occupied and Investment! Yes, you heard right!

• 🏠 Owner Occ lending up to 98% (inc of fees & duties) 

• 🏢 INV lending up to 98% (inc of fees & duties) 

• 💸 Upfront costs with Sucasa are 20-50% less than LMI

• 💼 They have a niche cash out policy for refinances on OOC and INV loans, up to 98% LVR, cash out up to $200K for acceptable purposes - no evidence needed!

• 🤝 If you are a part of the Loan Market network - reach out to your BDM for information on lodging.

• 📞 Contact - David Ewens Head of Origination, Sucasa Mobile 0413 555 319

🏦 CBA 

• 📅 Effective Monday, 8 September 2025, the following changes will apply:

• 🧱 External Land Loan Refinances: LVR will increase from 90% to 95%.

• 🧭 There will be no changes to the LVR cap for all other external refinance loan purposes. This change is for externally refinanced land loans only.

• 🚫 Please note, partially completed builds remain an unacceptable security.

• 📑 Fixed price build contracts will no longer require a contingency allowance to be held by the customer.

• 📊 Removal of Valuation Risk Assessment (VRA) restriction one and three from Acceptable Securities and LVR policy for security values > $3m to <=$6m, enabling access to a maximum LVR of 80% providing all other criteria is met.

• 📚 For more information and our full Building and Construction policies, refer to the following resources: 

• Building/Construction Policy
• Building/Construction Process 
• Security Lending Margins

💡 Did you know? – Bank Australia 

• Bank Australia offer Property Share Structures!?

• Bank Australia don't call this policy property share - they reference this to Co-borrowers – Non-Spousal Guarantor within their lending policy.

• For applications received with multiple borrowers who are not in a defacto/married/spousal relationship (i.e. brother and sister), consideration must be given to assessing the capacity of each borrower to individually repay their portion of debt:

  • • Each borrower must be assessed on their ability to service their proportion of the assigned debt

  • • The loan should be structured as a split loan with a security guarantee - each borrower will guarantor the other

  • • The proportion of debt assigned to each borrower must not exceed their ownership stake in the asset

  • • Standard lending policy applies

  • • Legal Advice must be obtained.

🔷 ANZ 

• $2,000 Home Loans Switching Cashback Offer will be ending

• ANZ will conclude its Home Loans Switching Cashback offer on 30 September 2025. Until this date, eligible customers who refinance their home loan to ANZ can receive $2,000 cashback when they take out an eligible ANZ Home Loan of $250,000 or more with 80% or less LVR (Offer).

🎓 Training

Macquarie - Top 20 Policies Our Brokers Love!
Join us for this session where we’ll dive into the policies that make a real difference for brokers like you. Whether you’re looking to refresh your knowledge, discover new insights, or simply connect with your peers, this is your chance to stay ahead!

• 📅 Date: Friday, 12 September

• 🕚 Time: 11:00am

• 🔗 Where: Zoom Link to attend Macquarie's Top 20 Policies Our Brokers Love

Don’t miss out on this opportunity to power up your Friday and get the inside scoop on the policies brokers love most!

🎧 Listening to

Broker Bulletin – “The truth about lead gen”
In this week’s episode of Broker Bulletin, Ace Shuster, Director of Asset Finance Avenue, sits down with Alex Ventura, LMG Asset Finance’s Head of Marketing to unpack the truth about lead generation. Listen Here:

⚡Loved  this episode — hearing from other brokers always fills my cup. 🙌

• Hold yourself accountable. No excuses, just progress.
• Be consistent. In your outreach, your follow-up, your systems—consistency compounds.
• Pick up the phone. Communicate. Connect. Care. 📞

• Give without the expectation of receiving. The right things have a way of circling back. ✨

If you needed a nudge today: make the call, send the message, show you care. 💛