8 March 2024

Policy highlights from our BDMs this week

  1. Investment Property costs are captured within HEM (additionally Private Health Insurance is also captured within HEM) – helping with servicing capacity
  2. Negative gearing is calculated on the actual rate the customer is being charged on their investment loan.
  3. If your customer owns an investment property with a non-spouse – we can apply our Common Debt Reducer policy and apportion the assessed repayment & income based on your customer % of ownership.

Investment variable Professional Package rates

  • Loan size $1m + ≤ 80% 6.34% (P&I)
  • Loan size $1m + ≤ 90% 6.39% (P&I)
  • Loan size $500k - $1m  ≤ 80% 6.39% (P&I)
  • Loan size $1m + ≤ 60% 6.49% (1)

Full list of our carded rates and comparison rates here

11 days to our Market Insights Webinar

 

Join us for 1 hour on 19 March at 2:00pm (AEDT) with AMP Deputy Chief Economist Diana Mousina and participate in a live Q&A session.

 

Register here

11 days to our Market Insights Webinar

 

Join us for 1 hour on 19 March at 2:00pm (AEDT) with AMP Deputy Chief Economist Diana Mousina and participate in a live Q&A session.

 

Register here

Genuine savings threshold removed

 

Evidence of genuine savings is not required for property purchases with a base LVR ≤ 90%.

 

Read the requirements here

Broker Pulse Survey is opened

 

We encourage you to have your say and participate in the Broker Pulse Third Party Lending report plus you get to go into a prize draw.

 

Broker Pulse survey

Broker Pulse Survey is opened

 

We encourage you to have your say and participate in the Broker Pulse Third Party Lending report plus you get to go into a prize draw.

 

Broker Pulse survey

Term Deposit rate changes

 

We have updated our term deposit rates.

 

Click here to see our changes

Free ApplyOnline training (CPD-accredited)

 

NextGen webinars topics: general navigation, supporting docs, eSign, Financial Passport and more...

 

Click here to register

Free ApplyOnline training (CPD-accredited)

 

NextGen webinars topics: general navigation, supporting docs, eSign, Financial Passport and more...

 

Click here to register

I’m Mohammed Nasir and I am a Broker Experience Specialist.


Moe has over 9 years of banking experience within AMP Bank. He has held various roles within AMP Bank from Subject Matter Expert to Product Owner within Lending. Moe’s goal is to build stronger relationship with brokers and their BDMs and dedicate himself to providing support to brokers and creating opportunities for brokers to understand AMP’s offering. Moe is focused on working together to provide exceptional experience so together, we can achieve the customers end goal.


The Broker Experience Team


The Broker Experience Team is your end-to-end partner from onboarding, deal status updates, enquiries about processing times, governance or anything that can’t be answered via ApplyOnline®. At AMP we continue to do all we can in supporting our brokers like you, so you can focus on supporting your customers.

Term Deposit rate changes

 

Effective as of Monday 26 February 2024 we have updated our Term Deposit rates.

 

Whether your client is saving for a home of their own, a holiday, a car or for the future, AMP Bank's term deposits can help your clients achieve their goal.

 

Effective Monday 26 February 2024.

Please refer to the current Interest Rate Bulletin for a full list of our interest rates.

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 23 February 2024 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.