Call your BDM or a
Bluestone specialist on
‘I’m a single parent with two jobs’
Customer challenges
- They may have only been with their primary employer for a short time
- Banks may not treat their second job as stable income and are likely to only accept 50% of the income from their second job
Bluestone solutions
- Flexibility with income verification, including casual income, child maintenance and Family Tax benefit A&B
- Flexible employment history accepted
- No credit scoring – we assess each application on a case-by-case basis
Key Loan Features
| Prime | Near Prime | Specialist | Specialist+ | |
| Max loan amount* | $3m | $2.5m | $2m | |
| Max LVR* | 90% (no LMI) |
85% (no LMI) |
80% (no LMI) |
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|
ABN & GST |
ABN 24 months, GST 12 months |
ABN 12 months, GST 1 day |
Full Doc – ABN 12 months, GST 1 day Alt Doc – ABN 6 months, GST 1 day |
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|
Debt consolidation |
Unlimited |
Unlimited, including ATO debt, business debt or privately funded loans |
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Cash out |
Unlimited – where >$200k or 50% of value evidence of purpose required |
Unlimited up to 80%, $200k > 80% | ||
|
Defaults/judgements |
Ignored if paid up to $500 |
Up to $2000 or over 24 months ignored |
Up to $2000 or over 12 months ignored |
All ignored |
|
Mortgage Arrears |
Up to 14 days |
Less than 1 month |
Less than 2 months |
Less than 3 months |
|
Discharged bankruptcy |
Acceptable if more than 2 years |
Acceptable if more than 1 day |
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|
Part IX, X agreements |
Discharge more than 2 years | Discharge more than 1 day |
6 months’ clear repayments |
|
*Subject to location, LVR and product selected
Need a quick answer on a loan scenario?
Call us on 13 BLUE to speak directly to a Bluestone specialist – they will be happy to answer any policy questions, workshop your customer’s scenario and help with your loan submission.