Servicability & Investment Partners

One caveat - if you have a PPOR as security, AMP are well and truly in the game. You can still get unrestricted cash out to 85% LVR on an I/O basis, provided the security is Owner occupied ( or PPOR as the forum likes to call it)






OR , for those who want the Master Limit facility

 

AMP processing centre must be like a ghost town. They would be doing this juts to keep the staff busy!

Still hard to trust them after their complete withdrawal. Even if was required by the regulator I still think they should have just priced and policied themselves out of the game rather than totally shutdown which makes them look silly.

 

They are re- entering next week. ie accepting INV securities again. No word yet on LVR's, rates, policies etc...

 

They had to get under the APRA targets by December 2015, rather than June 2016 like other lenders. They report on calendar year rather than financial year