Macquarie have some very flexible policies around investment lending. Some of the niches include - No limit on cash out, up to 80% LVR based on acceptable purpose and within security LVR limits. Above 80%, no cash out, equity release or debt consolidation beyond $5,000 for refinance costs. Examples of acceptable purposes: personal investment (share purchase), home improvements/renovations, personal use (travel, wedding, etc.), motor vehicle, deposit on property, purchase of property, debt consolidation.

Examples of unacceptable purposes: consolidating large unsecured debt, gambling, maintaining lifestyle, to meet repayments on existing commitments, development finance, tax debt, any illegal activities.

Example: cash out to purchase an investment property. Geoff and Rachel have been working hard to pay down their owner-occupied loan. They recently had their property valued and were excited to see that their equity position was very strong. They've been discussing options with their broker and have decided they want to access $500,000 of equity to purchase an investment property, taking their LVR up to 80%. Macquarie can support cash out for future property purchases, even if the property is yet to be located. Stated purpose is acceptable subject to it being consistent with the customer's profile. Negative gearing and future rental income can be adopted if executed Contract of Sale (COS) is held.

Example: cash out to acquire shares. Patrick has been reviewing his investment strategy with his financial planner. He's decided he wants to diversify his investments and acquire more shares. He has significant equity in his property and has approached his broker about accessing $1,000,000 in cash out to support the purchase. Macquarie can look to support large cash out amounts up to a maximum of 80% LVR, including over $1,000,000 for customers with suitable profiles.

Example: building an investment property. Sarah and Liam own a block of land outright and they now want to build an investment property. Their preference is to complete this via cash out instead of a construction draw down. The land is worth $1,000,000. The cost to build will be around $700,000 but they want to maximise the loan amount to complete other works on the property. The on-completion valuation will be $2,000,000. Macquarie can support cash out for a full build, up to 80% of the land value, but we will need a copy of the fixed price build contract to support the purpose.