Bluestone is proud to announce that we’re making more than 20 policy changes to help further our mission to help as many Australians as possible realise their dream of home ownership.
Announcing the changes, Tony MacRae (Chief Sales Officer) says “At Bluestone, we prioritise feedback from our valued broker partners to better serve their customers. As such, it was of great importance for us to incorporate this feedback into the policy changes.”Some key product and policy improvements include:
- Decreasing the serviceability buffer to 2% across all products
- Increased maximum loan amount to $3 million in Sydney and Melbourne, $2.5m in other capital cities and select regional cities and $1.5m in other non-metro locations
- LVR for Near Prime loans increased to 90%
- SMSF loan liquidity requirement lowered to 5%
- Cash out limits removed on loans up to 90% for Prime and Near Prime loans
- Accepting Borrowers of Convenience on investment loans
- Increasing the maximum exposure limits to up to $5m
To read more about all of the policy updates, click here.