A non-major lender has announced changes to its pre-approval process to address a spike in its turnaround times amid a 300 per cent surge in home lending volumes.
Foreign buyers from all parts of Asia are still finding it difficult to obtain a mortgage from the biggest Australian lenders, according to one commentator.
The non-major bank has temporarily revised its serviceability policy in response to heightened credit quality risks associated with the COVID-19 crisis.
A low-deposit mortgage lender has announced changes to its third-party distribution team, aimed at providing a “personalised service” to brokers.
Businesses with an annual turnover of less than $200,000 have fared better than their larger peers during the COVID-19 crisis, according to new research.
A non-major bank has changed its upfront commission structure for mortgage brokers ahead of the pending best interests duty changes.
The major bank’s turnaround times have increased significantly, despite recent efforts to “clean up” its processes.
Suncorp Bank has launched a cashback offer on home loan refinances, with up to $4,000 available for COVID-19 frontline workers.
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