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Ta...I should qualify again then.....

Here is a question....I know Westpac have changed criteria...but have St George changed yet...they are owned by WBC but are a separate business entity....

Beachgirlie....the nobs in banking and the RBA will use a blunt instrument to pummel Sydney...instead of scalpel...the real danger is is could unravel into a bloody mess. Having said that ...I am all for this...from a selfish perspective of course..;)

SunCorp is not the only bank I use....I also have over $900k with WBC, CBA, St and George. I have revalued all securities with SunCorp and have sucked out all equity up to 80%..where possible. That includes the profit from the completed construction loans.

Actually I want low rates but not the end game...otherwise I would not have got to 24+ properties...:D Here is the run down on my 4 properties.just checked..other..looks only 1 LMI deal...as I did a deal on the other on (see explanation below).. 1. Property 1 - refinance at 80% from CUA...

What if I told you they are one of my lenders...I am now maxed out with them...but have $1.4m with 4 securities......;) Did a couple of revals...they were very realistic on vals unlike my friends at CBA and have done 3 deals with 90% lends. I will agree once you go over a $1m with them....they...

If you have less than $1m then SunCorp....they will lend at pretty good rates. Also awesome for House and Land packages. The are already using the conservative lending parameters...which did cost them business before but now a definite look in.

Kudos Euro....excellent post..:D..I would recommend every Mortgage Broker on this forum read this post. ;):p NOTE the CBA did the same thing with STORM, financial planning debacles.....obviously...they do not understand systemic risk or business risk.....need I say more about their aggressive...

Jess read Euro73's excellent thread below on APRA and systemic risk. The game has changed....it is worrying ..how little information there is.... What is worrying is how is that you all as Mortgage Brokers have not got a handle on this? Are you BDM's not communicating??

Peter This is misleading......if you are an investor CBA, Bankwest, and Westpac have changed their criterion for investors. This will definitely affect serviceability. The reason these changes are being made is due to APRA...they are forced to make these changes. AS for SunCorp...they are...