AMP Niches

We take a quick look at some of AMP's great policy niches. Previous year's tax returns for self employed not required until the 1st of June the following year. Cash out/equity release available for allowable stated purposes with acceptable evidence up to 80% LVR (max $1M)...........

• AMP don't rely solely on credit score, every application goes to a credit analyst

• Cash out/equity release available for allowable stated purposes with acceptable evidence up to 80% LVR (max $1M)

• >80% LVR – restricted to maximum 20% of the security value up to a maximum 90% LVR + LMI

• No evidence required up to $100k cash out

• Cash out for shares/managed funds at owner occ rates

• Debts with other parties taken as actual share, i.e. if joint 50% of income and 50% of expenses are used for assessment purposes

• 100% of Shift allowances for essential services (police/nursing etc)

• Annual Bonus: up to 80% for first $50k, up to 50% for the amounts over and above $50k

• Company and/or Trust applicants accepted (non trading companies only and excludes Hybrid Trusts)

• Max LVR for Owner occ: 90% + LMI (up to $1.5M max for Zone 1)

• Max LVR for Investment IO: 80%

• Max LVR for Investment : 80 - 90% (P & I Only)

• Previous years tax returns for self employed not required until the 1st of June the following year (2 years required)

• Company liabilities allowed for in financials provided not included in personal serviceability

• Applicants living in Australia on a Visa etc may be accepted providing joint/spousal applicant is an Australian citizen/PR

• Citizens and/or Perm Residents living and working overseas accepted for some major currencies up to 70% LVR (income shaded by 20% and used as gross)

• Favourable purchases accepted

AMP Professional Package Owner Occupied

Variable From 3.69% P & I

• >$250k @ 4.07% P & I (CR from 4.45%)

• >$500k @ 3.74% P & I (CR from 4.13%)

• >$750k @ 3.69% P & I (CR from 4.08%)

• 3 year fixed rate (min $100k split): 3.79% P & I