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Lender
Bank adjusts upfront commissions
by Annie Kane • 22 May 2020
A non-major bank has changed its upfront commission structure for mortgage brokers ahead of the pending best interests...
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ANZ strained by mortgage inflows as turnaround times spike
by Charbel Kadib • 22 May 2020
The major bank’s turnaround times have increased significantly, despite recent efforts to “clean up” its...
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Bank offers up to $4k cashback to frontline workers
by Hannah Dowling • 22 May 2020
Suncorp Bank has launched a cashback offer on home loan refinances, with up to $4,000 available for COVID-19 frontline...
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Senator calls on banks to extend IO periods
by Annie Kane • 21 May 2020
A Liberal senator for WA has urged lenders to extend interest-only periods for borrowers to help reduce hardship levels...
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FBAA berates banks on loan discharge delays
by Malavika Santhebennur • 21 May 2020
The FBAA has criticised banks for delaying loan discharges, and has called for standardised documentation around...
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Neobank delays loan rollout due to COVID-19
by Annie Kane • 20 May 2020
Volt Bank is delaying the launch of its loan products to ensure its foray into lending is done “in a very prudent...
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Buyers Choice adds SMSF lender to panel
by Malavika Santhebennur • 19 May 2020
Buyers Choice has appointed a new lender to its panel to give its brokers access to its SMSF credit product and home...
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ScotPac and CML merger off the table
by Annie Kane • 14 May 2020
Scottish Pacific will pay $1 million in costs to debtor finance specialist CML Group after the two parties agreed to...
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CBA received 144,000 mortgage deferral requests
by Annie Kane • 14 May 2020
The major bank has received repayment deferral requests on more than 144,000 home loans, 71,000 business loans...
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Supply/demand imbalance stabilising property market
by Malavika Santhebennur • 14 May 2020
The chief economist at REA Group has observed that the property market has remained largely stable despite the...
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