9 February 2024

Meet Paul Herbert, AMP Bank’s Head of Intermediary Distribution & Finance, with over 28 years’ experience in financial services, specialising in home lending and distribution. Paul is known for his resilience and expertise in transformation, strategy, and distribution across lending markets. He leads AMP’s dedicated distribution and mortgage broking finance teams, supporting and guiding them to build strong relationships with brokers, advisers, and aggregator partners. Additionally, Paul is committed to mentorship, to helping build business success, and driving tailored solutions for brokers so they can unlock opportunities and achieve their clients’ wealth ambitions.

  

At AMP we aim to do all we can to support customers' biggest supporters - their brokers.

Is your customer rolling off their Fixed Rate?

 

Is your AMP customer rolling off an attractive fixed rate in the next 30 days?

 

We apply attractive rates to our fixed customers as they transition to variable rates.  

 

Applied rates are emailed directly to the customer and start at 6.24% for OO and 6.49% for Investment loans based on the customers loan size and LVR. Lower the loan amount and LVR, lower the rate.  

 

* IO roll overs excluded.

Quicker Repricing Request process

 

We’ve uplifted the way you request a repricing for retention purposes for your existing customers loan, so we can provide an outcome more quickly.

 

Repricing Request Form

Under 661 on Credit Score aren’t auto declined

 

Applicants/Guarantors with an Equifax credit score <661 excl. Discharged bankrupt clients are referred to the Credit team for review.

 

Contact your BDM to discuss

Under 661 on Credit Score aren’t auto declined

 

Applicants/Guarantors with an Equifax credit score <661 excl. Discharged bankrupt clients are referred to the Credit team for review.

 

Contact your BDM to discuss

Loans up to $1.6m can be used for Electronic Valuation Report.

 

Did you know: This has increased from $1.35m to $1.6m.

 

Contact your BDM to discuss

Up to 10 Multiple offsets

 

On our variable rate home loans customers can have up to 10 offsets to reduces the amount of interest they pay on their loan.

 

Offsets information

Up to 10 Multiple offsets

 

On our variable rate home loans customers can have up to 10 offsets to reduces the amount of interest they pay on their loan.

 

Offsets information

Master Limit feature is perfect for your Investor clients

 

Master Limit feature allows flexibility to maximise your investment returns as per your customers personal scenario.

 

Master limit information sheet

Turnaround times for new business

 

Turn-around time frames currently are 2 days for all applications except 10 days for Deals in Company and Trust names.

 

Processing times

Turnaround times for new business

 

Turn-around time frames currently are 2 days for all applications except 10 days for Deals in Company and Trust names.

 

Processing times

What you need to know

 

The credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian Credit Licence 234517.  Approval is subject to AMP Bank guidelines. Information including interest rates is correct as at 27 October 2023 and is subject to change without notice. Terms and conditions apply and are available at amp.com.au/bankterms or by calling 13 30 30. Fees and charges are payable. Before making a decision about an AMP Bank product your customers should consider the terms and conditions. Read our Financial Services Guide available at amp.com.au/fsg for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you.

 

For Notice Accounts only: Before making a decision about this product your customers should consider the Notice Account PDS available from AMP at amp.com.au/bankterms or on 13 30 30.

 

This email was sent by AMP Bank Limited, Level 2, 2-12 Macquarie Street, Parramatta NSW 2150 to bhavna_rai@amp.com.au.