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I mean you can only borrow a maximum of 80% in an SMSF, but in your own name you can potentially borrow 90% for investment purposes. I noticed in another thread you were told that SMSF lending is restricted to 65%. This might be true in the case of commercial property, but not for residential...

The same lending policies for individuals also apply to SMSF lending. An SMSF also needs to service the potential debt at an assessment rate, but the SMSF's income sources are a bit different from that of an individual. There's already significant restrictions on LVR for SMSF lending. Rates...

Unfortunately these changes take them from 'reasonable', to 'pretty average'. In the grand scheme of ranking lenders by serviceability, not much has actually changed, only the numbers have dropped (except for AMP who went from best to worse).

JohnHenry the BankWest change occurred and was discussed on this threat weeks ago. Most lenders have adjusted their LVR policy, but most are still allowing you to borrow up to 90% of the property value. Unless you were relying on BankWest for finance (it's hard to think of why you'd do...

I'm not really talking about private funders catering to sophisticated investors borrowing millions. There are plenty of well established lenders out there catering to the fringes of the market but with funding sources that are outside APRA. Brokers just need to get to understand a broader...

Attended a function this today and spoke with about 15 different lenders. There are still lenders that will take actual repayments and have very strong servicing models. A few are even outside of APRAs oversight (that's what they tell me). The catch is of course, the price you'll pay via...

About half a dozen lenders mainstream lenders had an "Actual repayments" policy. Not anymore. There are still a few more obscure lenders with this policy but I expect they'll have to adjust their policies sooner (not later). In the example I just outlined, repayments as assessed almost...

It means when they calculate outgoings for an existing debt, "Actual repayments", means they're taking the actual repayments you're making. What many lenders (such as AMP are now doing is using an assessment rate with P&I repayments to determine the outgoings for existing debts. Between the...

I've been told (by Adelaide) that they'll be making policy changes within the next few weeks. I suspect that lenders such as Adelaide, Macquarie, etc will continue to fund aggressively via mortgage managers, even when they can't do it directly. The catch is LMI authorities in this sector...

It's great that you're in a position to take advantage of their competitive rates for that amount of money. When you maxed out with Suncorp, were you still able to borrow more from other lenders? What happens now if you need to access equity and most of your equity is in one of those...

I'm not so sure I can really agree with Suncorp as a decent lender for investors. Certainly they've got great rates, their house and land package is fine. Their problem is they're so conservative that they're almost impossible to deal with as investors. If you ever want to get equity out of...

The BDMs are letting us know the policy changes that are occurring. At this point I've got a nice looking matrix of the various changes across the banks that have made announcements. The BDMs aren't really involved in the discussions with APRA themselves, they're not the policy makers. We get...

Quite a few lenders haven't made any changes to their servicing criteria. ANZ, Suncorp, BankWest, CBA all immediately come to mind, but there's a lot more. None of these lenders are what I'd call aggressive lenders. For example Suncorp is so conservative that despite having cheap rates...

If you're in a position to support that you can live in the property this could work. If the property is in Brisbane and you live and work in Melbourne, I don't think the lender would believe you though. The loan being interest only can be a bit of a red flag that might get them to make...

My understanding is FM are a fully securetised lender. Do they have in house LMI sign off below 80% LVR? It's great to have a good servicing calculator, but kind of pointless if a mortgage insurer is going to cut you off at the knees.

euro the logical conclusion of what you're saying is that from here every investor that's just been cut off by the first tier lenders now looks to FM, ADL and a handful of mortgage managers. This could substantially increase their market share, especially in the investment space. What have...

That article doesn't really have anything to do with recent policy changes towards investors. It's always been a bit tricky to have income recognised during maternity leave. Let's face it, a lot of women don't return to work after having children. There is an inherent risk for banks to offer...

I'm not talking about the property, I'm talking about the finance. It doesn't matter how great the property is, if you can't get finance then you're not going anywhere. If your strategy involves you relying on 95% lending, you're almost certainly going to have trouble continuing to get...

There's enough options still around at 90% LVR for investors that I don't think this should be a serious concern. If your strategy involved ongoing lending above 90%, the strategy was flawed regardless of these changes. A road block was always going to come up.

Westpac's changes were announced and implemented weeks ago. You're being misled. They have definitely had an effect on people's borrowing capacity. Westpac were actually one of the first lenders to make changes.