Weekly Credit Crunch - week of 12 October ⭐️
Happy Tuesday friends!
This week, Kath's Credit Crunch is coming to you (a little later than usual) from sunny Cairns. 🌞
In the absence of any new lender updates to share, I've pulled together some upcoming webinars that will be well worth your time and a bunch of policy reminders to keep as top-of-mind.
Let's get into them:
🏦 AMP
Webinar: Help Investors Maximise Cash Flow with AMP Bank
Wednesday 14 October | 1:00pm – 1:30pm AEST
With rising costs continuing to impact property investors, cash flow is more important than ever. Join AMP Bank for a practical webinar exploring how Equity Flex and our 10-year Interest Only option on Professional Package can help your investor customers improve cash flow, unlock equity and create greater financial flexibility for their next move.
🏦 ANZ
ANZ Brokerology ANZ is pleased to invite our valued broker partners to the final ANZ Brokerology webinar of the year. This session will cover some of ANZ’s most popular topics.
Attendance at the webinar qualifies for CPD points.
We look forward to having you join us!
Webinar Details
- Topic: ANZ Hot Topics
- Date: Wednesday, 11 November 2026
- Time: 11:45 am – 12:45 pm AEDT
- CPD Points: Eligible for CPD points
Please register your attendance using the link below:
Register here
After registering, you will receive a confirmation email containing the relevant session details. Please remember to add the event to your calendar.
🏦 Bankwest
New Calculator has landed which incorporates the RBA 0.25% rate rise. Make sure this is being used for any new submissions to Bankwest.
Reminder!
📋 Self-employed income verification update
There's an important change to the documentation required when using full verification for self-employed applicants.
From 29 September 2026, you'll need:
✅ Tax Return
➕
✅ Corresponding Notice of Assessment (NOA)
🚫 Accountant letters can no longer be used in place of the NOA.
Applies to:
- Self-employed applicants (excluding salaried self-employed)
- Borrowers employed by their self-employed spouse or de facto partner where full verification is being used
When does it apply?
- New applications submitted from 29 September 2026
- Existing applications where income needs to be revalidated
The key takeaway:
📌 Full verification now requires both the Tax Return and corresponding NOA.
Having both documents upfront will help avoid delays once the application reaches Credit.
🏦 Beyond Bank
Beyond Bank: Cyber Security Webinars for Brokers
Cyber incidents can affect your clients, your reputation and your business. Beyond Bank Australia is sharing two free MFAA webinars designed specifically for brokers to help strengthen cyber security awareness and resilience.
Hear from leading cyber security experts and learn practical ways to identify emerging threats, reduce cyber, fraud and scam risks, and better protect sensitive client information.
Webinar 1: Cyber, Fraud, Scams and AI – Broker Resilience Building
Date: Wednesday, 21 October 2026
Time: 2:00 pm – 2:45 pm AEDT
Cyber threats, scams and AI-enabled fraud are evolving rapidly. Join Natalia Scheidegger, CEO of Kaesim Cybersecurity, and Evan Thomas, COO of MFAA, to learn how brokers can stay ahead of emerging risks and better protect their businesses and clients.
Key topics include:
- The latest cyber, fraud and scam trends impacting brokers.
- How AI is changing the cyber threat landscape.
- Practical steps to reduce cyber risk and strengthen business resilience.
Don't wait until a cyber incident impacts your business.
Webinar 2: Cyber and Data Risk Mitigation
Date: Wednesday, 28 October 2026
Time: 2:00 pm – 2:45 pm AEDT
Join Laura Hartley, Head of Security Culture & Advisory at NAB, and Evan Thomas, COO of MFAA, for practical guidance on strengthening cyber security across your business.
Key topics include:
- Simple ways to improve your cyber resilience.
- The Essential Eight strategies and why they matter.
- How to identify potential cyber risks in home loan applications.
Walk away with practical steps you can apply to your business straight away.
Reminder: Secure Document Sharing
When submitting customer documentation to Beyond Bank, please continue to use approved secure channels, such as ApplyOnline. Avoid sending sensitive customer information through unsecured methods wherever possible.
Taking proactive steps to strengthen cyber security can help protect your clients, your business and their sensitive information.
🏦 Bluestone for LMG
Our commercial property lending solution is designed to simplify the application process, with no additional accreditation required and end-to-end integration with ApplyOnline.
The details you need to know about commercial property loans
Designed for businesses and investors seeking greater flexibility, our Commercial Property Loan offers:
- Loan amounts: $100,000 to $3 million.
- Maximum LVR: Up to 80%.
- Flexible ownership structures: Including trusts and SMSFs with up to six members.
- Easy application process: Lodge directly through ApplyOnline.
- No additional accreditation: Start submitting commercial property loan applications without additional accreditation.
For more information, visit Broker Hub.
New Serviceability Calculator Available
The latest Commercial Lending Serviceability Calculator is now available, featuring:
- Updated interest rates and fees.
- Expanded support for different lending scenarios.
Download the latest Serviceability Calculator to access the updated information and assess your commercial lending scenarios.
🏦 Granite - Reminder:
SMSF LOAN LIMITS INCREASED TO $5 MILLION
Granite is expanding the pool of properties it will consider for SMSF lending, with maximum lending limits for commercial and residential properties increasing to $5 million
NEW LVR CAP FOR COMPANY AND TRUST BORROWERS
From Monday 12 October, Granite will introduce an 80% LVR cap for Company and Trust borrowers on standard residential 30-year home loans.
The 80% LVR cap will also apply to all 40-year home loan applications.
LOCATIONS
UPDATE TO SOME LVR LIMITS FOR NON-METRO AND REGIONAL POSTCODES
Granite is introducing some LVR restrictions for regional and non-metro postcodes.
These changes will be guided by population data and Granite's exposure limits and will apply to applications received from 12 October 2026.
Brokers can check their next deal using the Property Checker in the Broker Management Tool or by referring to the updated Postcode Matrix for details.
🏦 MA Money
MA Money Webinar: Unpack Our Credit Process
Our 'Unpack MA Money's credit process' live session is only a week away! Make sure you’re there on Wednesday 14 October where we’ll take you through:
This session will provide insights into MA Money’s credit process, practical tips for submitting stronger applications, and guidance on avoiding common delays.
What You’ll Learn:
- How MA Money’s streamlined credit process works and what the credit team looks for.
- Tips for packaging a strong loan application.
- What can delay a credit decision beyond two business days.
- Real experiences and insights from brokers.
- Answers to your questions during the live Q&A session.
Webinar Details:
- Date: Wednesday, 14 October 2026
- Time: 12:00 pm – 1:00 pm AEDT
- CPD Points: 1 CPD point for attending
Secure your spot and gain valuable insights into MA Money’s credit process.
Register now
🏦NAB
Winning with NAB: Your Partner for Every Stage
Wednesday 14 October | 2:00pm – 3:00pm AEST
NAB will cover:
- Self–employed lending
- Company and trust lending
- Investor opportunities
- Premier Banking
- Application quality and faster “time to yes”
- Specialist support available to brokers
NAB Commercial Broker Metro Webinar
There's still time to register for the NAB Commercial Broker Metro Webinar.
Hosted by Chris Thomas, Executive, Commercial Broker and Equipment Finance Sales, this session will share NAB insights on the trends influencing Metro businesses, what customers are telling us about their experiences, and how NAB is helping brokers to support their customers' goals.
Hear from:
- Chris Thomas - Executive, Commercial Broker and Equipment Finance Sales, NAB
- Cameron Ziebell - Executive, Business Metro, NAB
- Sally Auld - Group Chief Economist, NAB
Event details:
Date: Thursday, 15 October 2026
Time: 3:00pm AEDT
🏦Thinktank by LMG
Thinktank by LMG – Budget Insights & Opportunities
Tuesday 13 October | 1:00pm – 2:00pm AEST
Joel Harrison and Ranei Alam will unpack market trends, opportunities arising from the Federal Budget and practical ways brokers can expand their commercial lending conversations.
🏦 Wave Money
A reminder brokers: our Unlimited Cash Out policy lets us consider Cash Out for both personal and business purposes, as long as the purpose is worthwhile and the overall deal makes sense.
What could we consider?
Business purposes
ATO debt repayment
Business debt consolidation
Working capital
Business expansion
Equipment or asset purchases
Investment back into the business
Personal purposes
Renovations and property improvements
Investment purposes
Personal debt consolidation
Major purchases or expenses
Other worthwhile purposes
🏦 Westpac
Update to Premier Advantage Package Insurance Discount Benefit
From 6 December 2026, the Home and Landlord Insurance discount benefit of up to 10% will no longer be available to new Premier Advantage Package clients.
What’s Changing?
This change applies only to the Home and Landlord Insurance discount benefit.
Who Will Retain the Benefit?
Clients will continue to receive this benefit if:
- Their Premier Advantage Package was opened before 6 December 2026; or
- Their loan offer for a new packaged loan was dated before 6 December 2026.
Other Package Benefits Remain Unchanged
Clients will continue to have access to other Premier Advantage Package benefits, including:
- Home loan interest rate discounts.
- No Lending Establishment Fee or ongoing Loan Account Fee.
- Card fee savings with an eligible credit card.
That's all for this week. See you next week for some more lender updates!
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