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Neo-lender approves first ‘15-minute’ mortgage
Australian Mortgage Marketplace has settled its first mortgage application, providing a broker client with a verified approval in under 15 minutes and settling funds ...
LENDER • Mon, 21 Oct 2019
Mortgage protection should be the ‘cornerstone’ of financial planning
Last week, at The Adviser’s EU Study Tour, Australian brokers were exposed to a range of international perspectives on the similarities and differences between broking in ...
BORROWER • Sun, 20 Oct 2019
TMB reduces fixed and variable rates
The mutual bank has announced reductions of between 10 and 25 basis points across its loan offerings for both owner-occupiers and investors.
GROWTH • Thu, 17 Oct 2019
One in five consumers to switch banks
With open banking due to be introduced in February 2020, Deloitte studied how consumers are likely to react to the sharing of their banking information.
LENDER • Wed, 16 Oct 2019
Brokers the ‘first line of defence’ for application accuracy
In a post-royal commission environment, brokers are labelled the “first line of defence” for financial application accuracy, and need to be wary of consequence management ...
BROKER • Mon, 14 Oct 2019
Broker launches ‘home loans for the homeless’
A Sydney-based brokerage has announced a new initiative to help provide 10,000 nights of shelter to homeless families in India.
BROKER • Sun, 13 Oct 2019
Mortgagors most likely to seek product switch
Home loan account holders are more likely to seek financial assistance than holders of other financial products, a new ABA study has found.
BORROWER • Thu, 10 Oct 2019
Big 4 bank cuts fixed rates by up to 40 bps
A major bank has announced cuts of up to 40 basis points across fixed rate home loan products for owner-occupiers and investors.
LENDER • Wed, 09 Oct 2019
Resimac, Citi cut variable rates
Both lenders have announced cuts to variable interest rates by 15 basis points, short of the full 25 basis point cut by the RBA.
LENDER • Tue, 08 Oct 2019