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Bank overhauls rem model, reduces upfront commissions
by Reporter • 27 Oct 2020
A non-major lender has announced a raft of changes to its broker remuneration structure, including a reduction to...
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Westpac rolls out new offer for mortgage guarantors
by Reporter • 27 Oct 2020
The major bank has launched a new term deposit offer for guarantors providing security for a home loan.
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Lenders blitz mortgage market with cashbacks
by Reporter • 27 Oct 2020
The number of lenders promoting cashback offers has more than doubled since the onset of the COVID-19 crisis, enticing...
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RAMS to move to ‘simplified’ business model
by Annie Kane • 26 Oct 2020
The Westpac-owned brand will officially become a single-brand mortgage lender from next month, only offering RAMS...
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WA extends home building grant construction deadline
by Annie Kane • 26 Oct 2020
The WA government has extended the deadline for when construction must start on new homes bought with the Building...
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Major banks open New Home Guarantee waitlists
by Annie Kane • 21 Oct 2020
The two major banks on the FHLDS are opening their waitlists for the additional 10,000 places under the New Home...
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Millennials prioritising home ownership
by Annie Kane • 20 Oct 2020
The Millennial generation is the largest cohort prioritising home ownership over lifestyle aspirations, new data from...
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Major bank to pay $15m for engaging unlicensed introducers
by Annie Kane • 19 Oct 2020
A big four bank has been ordered to pay a civil penalty of $15 million for engaging with unlicensed home loan...
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Mutual bank to move to ‘digital first’ strategy
by Annie Kane • 14 Oct 2020
Teachers Mutual Bank Ltd has revealed that it is moving to a “digital first” strategy and will develop an online...
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Lender to pay trail on loans with extended deferrals
by Annie Kane • 13 Oct 2020
A non-major lender has confirmed that it will continue to pay trail to brokers whose clients require extended loan...
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