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Lender
Bank backs down on redraw policy
by Charbel Kadib • 8 May 2020
A non-major has scrapped its controversial redraw policy following widespread, cross-industry criticism.
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Bank hikes fixed home loan rates
by Charbel Kadib • 8 May 2020
A non-major lender has increased fixed rates across its owner-occupied and investment products in response to a rise in...
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Heritage appoints new BDM
by Hannah Dowling • 8 May 2020
The non-major bank has announced the appointment of an experienced BDM to support its broker services in NSW and ACT.
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Bank drops rates, commits to 24-hour turnarounds
by Annie Kane • 7 May 2020
Neobank 86 400 has committed to 24-hour turnarounds as it drops its fixed rates, reduces minimum serviceability...
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SMSF lender joins AFG panel
by Reporter • 6 May 2020
A new lender has been appointed to AFG’s panel, providing the aggregator’s broker network with access to a new...
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ME Bank reviewing affected redraw customers
by Annie Kane • 5 May 2020
The non-major bank is to review the personal circumstances of each customer affected by its controversial change to...
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Banks freeze $6.8bn in loans
by Reporter • 5 May 2020
Australia’s banking sector has collectively deferred over half a million loans valued at approximately $6.8 billion,...
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Westpac earnings plunge, mortgage book thins
by Charbel Kadib • 5 May 2020
A 70 per cent slide in the major bank’s cash earnings has been compounded by a contraction in its residential...
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Bank ceases lending for off-the-plan purchases
by Reporter • 4 May 2020
A non-major lender has announced that it will no longer issue credit for off-the-plan property purchases and has...
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ANZ ‘cleans up’ turnaround times, volumes surge
by Charbel Kadib • 1 May 2020
The major bank’s home loan volumes have spiked over the past six weeks despite the slide in housing market...
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