We are pleased to advise that the following credit policy updates are now effective, designed to better reflect current market conditions and provide brokers with greater flexibility when structuring residential scenarios.
Maximum loan sizes have been updated across LVR tiers and location categories to reflect ongoing property market growth, particularly in metro and high-demand areas.
These updates provide additional headroom for brokers working on larger transactions, high-value metropolitan properties, and clients consolidating or upgrading within capital city markets.
| LVR | Category 1 (including Sydney and Melbourne metro) | Category 2 | Category 3 | Category 4 |
|---|---|---|---|---|
| > 80% - ≤ 95% | $2,500,000 | $1,500,000 | $1,000,000 | N/A |
| > 70% - ≤ 80% | $6,000,000 | $3,500,000 | $1,250,000 | $500,000 |
| ≤ 70% | $7,500,000 | $5,000,000 | $1,500,000 | $500,000 |
These revised limits create greater flexibility across prime and near-prime scenarios, particularly for clients purchasing or refinancing higher-value properties in Category 1 and 2 locations.
We will now be using Equifax’s OneScore for Comprehensive Credit Reporting. This supports a more consistent and predictive assessment of a borrower’s credit profile.
Requirements for the provision of the Notice of Assessment have been clarified to ensure consistent assessment of self-employed borrowers and reduce unnecessary delays during processing.
The updated Lending Guidelines are attached and available in the Knowledge Portal within the Connective Select Broker Portal.
Connect with your Connective Lending Manager to confirm how the updated policy settings apply to your client.
