Broker policy round-up: Lender changes at a glance 9–13 November

AMP Bank enhances SMSF servicing

AMP Bank has rolled out three self-managed super fund (SMSF) servicing updates, effective yesterday (12 November), alongside a new refinance calculator and more than 20 LoanApp improvements.

Changes include:

• Self-employed lump-sum contributions: lump-sum contributions from eligible self-employed borrowers may now support servicing where backed by sustainable income or business profitability. The most recent SMSF member statement is acceptable as evidence.
• Additional contributions: verified additional contributions, including salary sacrifice and direct debit arrangements may be considered where sustainable. Direct debit arrangements can now be accepted for all borrowers, alongside employer letters for PAYG applicants and AMP statutory declarations for self-employed applicants.
• Liquid investment assessment rate: the assessment rate applied to eligible liquid SMSF investments has increased from 3 per cent to 5 per cent. However, brokers must attach SMSF liquidity statements on submission.

MyState Bank updates valuations, security and servicing policies

MyState Bank has announced several policy updates taking effect today (13 November 2026).

• Valuations: automated valuation models are now available for qualifying purchases up to 90 per cent loan-to-value ratio (LVR) where lenders mortgage insurance (LMI) insured. The desktop valuation limit has increased from $1.5 million to $2 million and is also available up to 90 per cent LVR where LMI insured.
• Negative gearing: additional guidance has been added to Section 7.6.6 regarding acceptable supporting documentation for existing investment properties where negative gearing is required for servicing, based on the property purchase date and qualifying new properties purchased after the May 2026 federal tax changes.
• Gladstone postcode (4680): under Appendix B (High Risk Postcode Register), properties in the Gladstone area may now be considered case by case up to 80 per cent LVR, or up to 90 per cent LVR for Australian government 5% Deposit Scheme loans.
• Limited title properties: Section 11.4 (Ineligible Securities) has been updated to explicitly list limited title properties as unacceptable security.

Bluebay Home Loans launches Flexi Reverse Mortgage

Bluebay Home Loans has introduced its Flexi Reverse Mortgage solution for eligible home owners aged 55 and over, enabling them to release equity while remaining in their property with no monthly repayments required.

• Flexi Life: loans from $50,000 to $3 million for straightforward needs, offering lump-sum or drawdown access, interest charged only on drawn funds, and consolidation of up to five unsecured debts.
• Flexi Life Plus: loans from $50,000 to $5 million for larger or more complex scenarios, including multiple debts such as Australian Taxation Office and land tax obligations, with greater flexibility around property location and lending requirements.
• Eligible uses: loans can be used for purchases, refinancing or equity release, covering purposes such as home improvements, vehicle upgrades or repairs, ongoing income support, assisting children with a home purchase, debt consolidation, medical expenses and in-home or residential aged care. Eligibility and lending criteria apply.

Granite Home Loans updates HEM benchmarks

Granite Home Loans will update the Household Expenditure Measure (HEM) figures across all servicing calculators from Monday, 23 November 2026.

• Pipeline and new applications: existing pipeline applications and new applications received before 11:59pm on 22 November 2026 can continue to be assessed using the existing HEM figures (via the Serviceability calculator PDF URL link attached in Loanapp 2.0). New applications submitted from 23 November 2026 will be assessed using the updated benchmarks.

• Expense treatment: while most household expenses are incorporated within HEM, excluded categories, such as private school fees, child support or spousal maintenance, and personal insurance, must continue to be entered separately into the “Additional Expenses” calculator section.

Capspace introduces limited-time interest-only rate reduction

Capspace has launched a promotional rate reduction of 25 to 75 basis points on new interest-only loans serviced monthly, subject to credit assessment.

The offer applies to loans sized between $500,000 and $10 million secured by first or second mortgages across full-doc, alt-doc, and all-doc applications, and is available for loans approved between 9 November and 18 December 2026.

Aware of a product or policy update that brokers should know about? Leave it in the comments below.

See last week’s policy changes here.

[Related: Broker policy round-up: Lender changes at a glance 29 October–5 November]

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