The white label funder has announced changes to its home lending policy to ensure that it “continues lending responsibly”.
NAB-owned wholesale funder Advantedge has announced changes to its home lending policy aimed at supporting customers in “achieving their home lending goals” and ensure that it continues “lending responsibly”.
Effective for new loans lodged from 16 September, Advantedge’s changes include:
Further, effective from Monday, 23 September, Advantedge will also extend the acceptable verification document period from 60 days to 90 days, making eligible all verification documents such as payslips and statements issued up to quarterly.
Documents that exceed the 90-day period will not be accepted, with the submission checklist to be updated to reflect the change.
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