Lots to cover today — and some seriously exciting news! 🙌 (sorry about the video freezing at the end!!)

We’ve got key lender updates to unpack plus the official launch of our brand-new Multilingual Social Media Kit 🎉

Yep, it’s not just gorgeous artwork — we’ve done the captions for you too.
That’s over 100 social media tiles, translated into 5 languages (English, Simplified Chinese, Hindi, Nepali, and Sinhala) — making it a total of 500+ ready-to-post tiles 💥

✅ Instant download
✅ Canva editable
✅ Rebrand and post in minutes

No more staring at a blank screen wondering what to say — we’ve done the thinking for you.

Now, let’s dive into all the changes and updates you need to know this week! 

🚀 Apollo (LMG)

• Max Loan Size: Now up to $3M (Full Doc up to 85% LVR)
• Bureau Score Update: For LVR >80%, minimum score reduced from 800 → 700 (or 750 for regional postcodes)

🏗️ CBA – Construction Loan LVR Changes (effective 24 May 2025)

• 95% LVR for securities up to and including $3M
• 80% LVR for securities between $3M–$6M
• Note: Exceptions apply (e.g., Home Guarantee Schemes). Refer to updated Construction & Security Lending Margin pages.

🧱 Firstmac

• Investor Construction loans now available at 90% LVR
• Rate: Competitively priced at 7.44%

🛂 AMP

• 📄 VISA Subclass List Updated
  New eligibility list available now inside The Brokers’ Bible

New 10 year Interest Only Product launch - Owner  Occupied acceptable!

Features and benefits

• 10-year interest-only term: A decade of interest-only repayments, offering long-term cashflow support.
• No mid-term reassessment: Unlike typical products which require reassessment after five years, the loan provides greater certainty and stability for the full interest-only term.
• Flexible eligibility: Available to a wide range of borrowers, including retirees, pre-retirees, self-employed individuals, owner-occupiers, investors, and rent-vestors.
• Financial confidence: Enables longer-term strategic financial planning, whether it’s unlocking home equity in retirement or supporting investment goals in earlier life stages.
• Quality of life in retirement: Helps older Australians retain equity in their home, remain in their home, while unlocking cashflow to improve quality of life. 
• Empowers younger buyers: Provides an alternative pathway into the property market, particularly for younger Australians through rent-vesting strategies.
• Simplified administration: Reduces paperwork and ongoing reassessment burdens, especially helpful for those with non-traditional income sources.

🏥 Bank of Sydney – Policy Enhancements

✅ Expanded No LMI Policy

• Applies to owner-occupied and investment loans up to 90% LVR
• Must be P&I repayments
• New eligible professions include:
  • Geologists, Geophysicists & Hydrogeologists
  • Pathologists
  • Financial Planners
  • Air Traffic Controllers
  • Construction Project Managers
  • Registered Quantity Surveyors
  • Registered Planners
  • Land or Mine Surveyors
  • Accredited Cyber Security Professionals
  • Registered Architects
  • Registered Teachers
  • Police Officers
  • Firefighters
  • Defence Force Personnel

📄 Simplified Financial Documentation

• Sole trader professionals (from the above list) now only need to provide 1 year of financials
• Applies to both residential and business/commercial lending

🧮 UBank – Serviceability Calculator Updates (effective 1 May 2025)

• Rental Floor increased to $650/month for applicants not “owning” their home
• Director’s Wages: Now requires
  • 6 months of salary credits
  • Current & previous FY income statements

💡 Sponsor Spotlight – Deposit Assure

💰 Struggling with deposit shortfalls? A deposit bond can help buyers secure a property without needing immediate cash (or borrowing it from family!).
📞 Contact Mitch on 0477 811 822 or [email protected]
🌐 depositassure.com.au

📊 ME Bank – Economic Outlook Webinar

🧠 Featuring BOQ’s Chief Economist, Peter Munckton
📅 Wed 7 May 2025 | 🕚 11:00 AM–12:00 PM AEST
🌐 Register here: Register here to secure your spot!

Have a great week ahead finance friends!!

Kath👋