ANZ


Latest News


8 February, 2022 

ANZ CHANGES FIXED RATES AND SIMPLICITY PLUS INTEREST RATES


ANZ INCREASES FIXED HOME LOAN RATES

ANZ today announced it will increase fixed home loan interest rates in Australia.


FIXED RATE CHANGES
Effective 8 February 2022, ANZ has made the following changes to its fixed rates for ANZ Fixed Home Loans and ANZ Fixed Residential Investment Loans.

ANZ SIMPLICITY PLUS RESIDENTIAL INVESTMENT LOAN SPECIAL OFFER – INTEREST RATE DISCOUNT


Effective 8 February 2022, ANZ will increase the Special Offer Discount available on ANZ Simplicity PLUS Principal and Interest and Interest Only Residential Investment loans with an LVR of ≤80% and LVR ≤70% (LVR as assessed by ANZ).

The new Special Offer Discounts are only available to eligible customers who submit an application for new or additional lending to ANZ of at least $50,000 on or after 8 February 2022.


Important Information
1 The rate shown is the applicable Simplicity PLUS index rate less the applicable special offer discount for applications submitted on and from 8 February 2022. Rates are subject to change. Eligibility criteria apply to special offer discounts, including an ANZ Simplicity PLUS Residential Investment Loan of $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed anytime.
2 Property value is ANZ's valuation of the security property and may be different to the price you pay for a property.


ELIGIBILITY CRITERIA

  • Customers must submit an application for an eligible ANZ Simplicity PLUS Residential Investment loan on or after 8 February 2022.
  • The Special Offer Discount is available on eligible ANZ Simplicity PLUS Residential Investment loans with new or additional lending of $50,000 or more.
The new Special Offer Discount will be automatically applied to eligible loans where the loan application has been submitted on or after 8 February 2022.

Customers with eligible loans which receive this Special Offer Discount may also be eligible for a waiver (or refund) of the loan approval fee and any renegotiation fee in relation to their eligible loan (although that waiver or refund is not automatically applied and must be requested by the customer).

This Special Offer Discount may be withdrawn or changed by ANZ at any time.


FURTHER INFORMATION
https://www.anz.com.au/personal/home-loans/offers-and-rates/




15 December, 2021

ANZ INCREASES FIXED HOME LOAN RATES
ANZ today announced it will increase fixed home loan interest rates in Australia.

FIXED RATE CHANGES
Effective 10 December 2021, ANZ has made the following changes to its fixed rates for ANZ Fixed Home Loans and ANZ Fixed Residential Investment Loans.



Important Information
¹ Property value is ANZ's valuation of the security property and may be different to the price you pay for a property. ANZ Fixed Home Loan discounts when borrowing 80% or less of the property value are available for applications submitted from Monday 15 February 2021.
² Breakfree interest rate discounts apply to eligible loan accounts linked to a customer’s Breakfree package which meet minimum lending requirement (total mortgage lending must be at least $150,000) and apply while the customer holds a Breakfree package and meets ongoing eligibility criteria. The Breakfree annual package fee is currently $395 (but may change from time to time). Terms and conditions, fees and charges, and other eligibility criteria apply to products and services taken out in connection with a Breakfree package.
Remember: The interest rate for a fixed rate loan is set at the time the loan is drawn down, and interest rates can change between the time of applying for the loan and drawing it down. A customer can lock in a rate for 90 days prior to draw down by putting in place a Lock Rate facility. A Lock Rate Facility is available for fixed rate loans with fixed rate periods of 1 to 5 years. A Lock Rate fee of $750 for each $1 million of lending (or part thereof) to secure the interest rate for 90 days from when the fee is paid applies.




30 November, 2021


Non-Credit Critical (NCC) Update

Non-Credit Critical (NCC) Application form has been updated effective immediately.

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Expansion of the Pre-Assessment Program

Expansion of the Pre-Assessment program from Monday 6 December 2021.

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Enhancements for Application Submission

ANZ will be making enhancements to ApplyOnline and Loanapp which come into effect from Monday 6 December 2021.

Read more


LMI Updates – Mortgage Credit Requirements

Effective Monday 6 December 2021 ANZLMI are implementing several policy changes to align with the current ANZ Retail Credit Risk Policy.

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Printing of Mortgage Documents

Printing of ANZ Mortgage Documents.

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Quotes Outside the Fixed Price Building Contract – Mortgage Credit Requirements

Effective Monday 6 December 2021, ANZ will be simplifying the construction loan process for customers.

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HEM Quarterly Update

The Quarterly Household Expenditure Measure (HEM) update will come into effect Monday 6 December 2021.

Read more

 

Reminder: Lock Rate Available

Reminder Lock Rate Available to customers who apply for a Fixed Rate Home Loan.

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Reminder: Borrowers Contribution – Funds to Complete

Reminder: Borrowers Contribution – Funds to complete.

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Updated Bridging Finance Policy

ANZ are making changes to the Bridging Finance policy, effective from Monday 6 December 2021.

Read more



16 November, 2021

NEW PRE-ASSESSMENT CHECK

As part of ANZ seeking to ensure it is continuously improving its service, we have recently enhanced the process by which some of your applications are assessed. To enable us to process some of your applications that meet the target criteria faster we may ask for some additional documents at the beginning of the application process, prior to full assessment. This change will commence from Monday 15 November 2021 and progressively rollout over several months.

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ANZ'S OPEN BANKING NOVEMBER RELEASE IS LIVE

Last year, the Australian Government introduced a Consumer Data Right into the finance sector, known as 'Open Banking'. This gives individuals and businesses greater access to, and control of, their banking data.

Read more



ANZ INCREASES FIXED HOME LOAN RATES

ANZ today announced it will increase fixed home loan interest rates in Australia.

FIXED RATE CHANGES
Effective 12 November 2021, ANZ has made the following changes to its fixed rates for ANZ Fixed Home Loans and ANZ Fixed Residential Investment Loans.

OWNER OCCUPIED

INVESTOR



9 November, 2021 

Simplifying PAYG and Rental Expense Requirements

Effective Monday 8 November 2021, ANZ will be updating the evidence requirements for PAYG income verification and ongoing rental expenses.

Income Verification for PAYG

If income is being verified using the customer's payslip you will no longer be required to provide 3 months’ salary credits in addition to the payslip. Instead you will need to provide:

Full time/Part time:

One recent payslip (within 60 days of the statement of financial position) with YTD (Year to date) that evidences a minimum of 3 month’s continuous employment.

If the above is not available, you may use one of the following alternatives:

  • One recent payslip and a prior payslip showing 3 month’s year to date for fulltime/part time.
  • Salary credits covering a 3 month period (3 monthly, 6 fortnightly or 12 weekly salary credits).
  • One recent payslip and Tax return and notice of assessment up to 22 1/2 month's old.
  • One recent payslip and the most recent PAYG summary or Income Statement from the prior financial year.

Casual:

One recent payslip (within 60 days of the statement of financial position) with YTD (Year to date) that evidences a minimum of 6 month’s continuous employment.

If the above is not available, you may use one of the following alternatives:

  • One recent payslip and a prior payslip showing 6 month’s year to date for fulltime/part time.
  • Salary credits covering a 6 month period (6 monthly, 12 fortnightly or 25 weekly salary credits).
  • One recent payslip and Tax return and notice of assessment up to 22 1/2 month’s old.
  • One recent payslip and the most recent PAYG summary or Income Statement from the prior financial year.

Rental Expense Verification:

We have also added a few new ways to verify the ongoing rental expense (where applicable).

For formal leases you will need one of the below:

  • Proof of most recent rental payment from any transaction account (filtered bank statements are acceptable for expense verification purposes); or
  • Payment receipt from internet banking or real estate agent confirming rental amount and date of payment; or
  • Written confirmation (including email) from real estate agent or landlord confirming rental amount; or
  • Formal lease agreement.

For Private lease or ongoing boarding costs you can also use one of the below:

  • Written confirmation (including email) from landlord confirming rental amount; or
  • Private lease agreement.

Inflight Applications:

The new policy will apply to all applications currently being assessed. If you have already submitted additional documents that were not needed under the new policy we will still take those into account when assessing the application.

For more Information:

For further details about Income verification policy please refer to:

  • Operations manual
  • MCR available via the Broker portal
  • Your ANZ BDM

ANZ Interest Rate Changes


ANZ Simplicity PLUS Home Loan and ANZ Simplicity PLUS Residential Investment Property Loan Special Offer - Interest Rate Discount


Effective 8 November 2021, ANZ will increase the Special Offer Discount available on ANZ Simplicity PLUS Home Loans and ANZ Simplicity PLUS Residential Investment Property Loans with an LVR of ≤80% and will add a new Special Offer discount tier for ANZ Simplicity PLUS Home Loans and ANZ Simplicity PLUS Residential Investment Property Loans with an LVR of ≤70% of the property value.

The new Special Offer Discounts are only available to eligible customers who submit an application for new or additional lending from ANZ of at least $50,000 on or after 8 November 2021.

Important: The new Special Offer discount tier of ≤70% of the property value will be available and automatically applied on applications submitted on and from 8 November that meet the eligibility criteria set out below. The new ≤70% tier will be updated in both Apply Online & Loanapp from 4 December. Please refer to https://www.anz.com.au/personal/home-loans/offers-and-rates/ for the latest interest rates and offers.


NEW INTEREST RATE DISCOUNT

* The rate shown is the applicable Simplicity PLUS index rate less the applicable special offer discount. Rates are subject to change. Eligibility criteria apply to special offer discounts, including an ANZ Simplicity PLUS Home Loan or Simplicity PLUS Residential Investment Property Loan of $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed anytime..
1 Property value is ANZ's valuation of the security property and may be different to the price you pay for a property.
** Comparison Rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments.
These rates are for secured loans only.
WARNING: This Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

ELIGIBILITY CRITERIA

  • Customers must submit an application for an eligible ANZ Simplicity PLUS loan on or after 8 November 2021.
  • The Special Offer Discount is available on eligible ANZ Simplicity PLUS loans with new or additional lending of $50,000 or more.

The new Special Offer Discount will be automatically applied to eligible loans where the loan application has been submitted on or after 8 November 2021.

Customers with eligible loans which receive this Special Offer Discount may also be eligible for a waiver (or refund) of the loan approval fee and any renegotiation fee in relation to their eligible loan (although that waiver or refund is not automatically applied and must be requested by the customer).

This Special Offer Discount may be withdrawn or changed by ANZ at any time.

FURTHER INFORMATION
https://www.anz.com.au/personal/home-loans/offers-and-rates/



2 November, 2021 


Broker NewsOperational Update

Sensitivity Margin

ANZ will amend the Sensitivity Margin used for retail lending from Saturday 30 October 2021.

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Changes to the ANZ Home Loans Switching Cashback Discretion

From Monday 8 November 2021, the ANZ Home Loans Switching Cashback discretion will change and new cashback amounts and eligibility criteria will apply.

Read more

Permanent Remote Home Loan Process

Home Loan application process option that will remain available to brokers when completing a Home Loan interview.

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Reminder Lock Rate Available

Reminder Lock Rate Available to customers who apply for a Fixed Rate Home Loan.

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19 October, 2021 

Broker News Operational Update

Undisclosed Debts

Conditional approval may be issued, where ANZ finds undisclosed debts that may impact the outcome of an application.

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Multi-Dwelling Policy Update

Update to the Multi-Dwelling Policy come into effect from Monday 11 October 2021. 

Read more


Abolition of Certificate of Titles in New South Wales

From Monday 11 October 2021, NSW Certificates of Titles will no longer be issued by NSW Land Registry.

Read more


Tips to Get Through Pre-Assessment

Tips when submitting a customer loan application.

Read more




6 October, 2021 


Broker News Operational Update

Self-Employed Document Requirement Policy Update

Effective immediately, ANZ will be removing the requirement to collect BAS statements or an account’s letter as part of the self-employed income verification requirements.

Read more


Borrowers Contribution – Funds to Complete

ANZ are removing the requirement for document to verify a borrower’s contribution effective Thursday 30 September 2021, for more application types.

Read more


ANZ Construction Loans

Changes to ANZ Construction Loans.

Read more


ANZ Direct to Customer Home Loan Offer

Customers could earn up to 300,000 Qantas Frequent Flyer Points with ANZ.

Read more


Changes to ANZ’s Complaints Process (Customer Advocate)

ANZ is making changes to the role of Customer Advocate and will be removing the Customer Advocate as a review option if a customer makes a complaint or has a dispute with ANZ and is not satisfied with our resolution of that complaint.

Read more



21 September, 2021 


Broker News Operational Update

Update for Dual, Health and Relationship Managed Applications

From Monday 13 September 2021, a revised process for the mandatory income document requirements for Dual (Commercial + Home Lending), Health and Relationship Managed applications in Apply Online will be implemented.

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Update to Base Rate Conversion Factors (BRCFS)

As a result of market movements, the Base Rate Conversion Factors (BRCFs) for all currencies has now come into effective as of Monday 13 September 2021.

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Application Tracking Updates

From Monday 20 September 2021, Doc prep will be making application comments visible within Application Tracking on the Broker Portal.

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Reminder: Breakfree Changes

Further to the Broker News item Breakfree Changes published on Thursday 2 September 2021, changes have been made to the Breakfree Credit Card options and application for an ANZ Assured facility, which is no longer part of the Breakfree process.

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