All the information you need,
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Welcome to Bluestone’s Online Credit Policy.
This comprehensive, fully searchable portal contains all the information our underwriters use to assess your applications.
What’s new?
| 5 December 2023 |
| Serviceability Buffer Stressed repayments are calculated using the higher of:
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| 24 October 2023 |
| Credit Impairment Repaying Part 9 and Part 10 agreements on Specialist loans. |
| Employment and Income 2 recent payslips with 1 dated within 4 weeks of the application date showing valid ABN required for PAYG income verification. |
| Exit Strategy Where a loan term is greater than 30 years exit strategy to be provided at age 45 years old. |
| 28 September 2023 |
| Borrowers Maximum number of directors increased to 4 for Company and Trust borrowers. Borrowers of convenience for Investment Loans removed from Unacceptable Borrowers list. See Full PolicyLoan Purpose Unlimited debt consolidation now available with Prime loans for refinances Private loans now available for Prime loans with 6 month repayment history See Full PolicyLoan Amount Rules Maximum loan size increased to $3m for Sydney/Melbourne, $2.5m for large capital and regional cities and $1.5m for other locations. Aggregate exposure limits increased across all products to a maximum of $5m. Near Prime and large capital and regional cities added to 90% LVR Product. See Full PolicyMaximum Loan to Value Ratio (LVR) Near Prime increased to 90% LVR for Owner Occupied and Investment loans. New development build date reduced to 3 years. See Full Policy Cash out limits Employment by Income Serviceability Securities and Valuations Valuation criteria Maximum property value for Electronic Valuation Reports increased to $2m. Exit strategy Variations and increases |
| 31 July 2023 |
| Prime Alt Doc max LVR 90% Maximum LVR for Prime Alt Doc Owner Occupied loans has increased to 90%. |
| 7 July 2023 |
| Loan Amount Rules We now lend to WA Non-Metro areas – Bunbury, Busselton and Geraldton (max LVR 85%, max loan amount $1m) We’ve increased max LVR to 85% and max loan amount to $1m in Townsville and Cairns areas |
| 30 June 2023 |
| Loan Amount Rules We now accept cash out on 90% LVR |
| Employment and Income Rental Income We can now accept rental income as the only source of income (used to be 50%) |
| 27 June 2023 |
| Maximum Loan to Value Ratio (LVR) Maximum LVR has increased to 90% for Prime full doc investment loans |