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RAMS 100pc mortgage cut from franchise channel

Staff Reporter 1 minute read

Less than a week after withdrawing its no deposit home loans from the broker channel RAMS Home Loans has today announced the product will also be axed from the franchise network.

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A RAMS spokesperson confirmed with Mortgage Business that its maximum LVR for its franchise network would now fall to 95 per cent.

The 3 per cent genuine savings requirement announced to brokers on Monday will also apply to the franchise network.

“These changes are based on maintaining a long-term risk-based approach to lending to ensure RAMS remains viable into the future,” the spokesperson said.


RAMS 100pc mortgage cut from franchise channel
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