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Lender
CBA doubles waiting period for IO switch
by Lucy Dean • 28 Jul 2017
The waiting period for customers seeking to switch to an interest-only repayment method has doubled from 90 days to 180...
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Non-bank launches loan tracking tool
by James Mitchell • 28 Jul 2017
One of Australia’s largest non-bank lenders has launched a new loan tracking app aimed at helping mortgage brokers...
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Westpac group changes rates
by Reporter • 27 Jul 2017
A big four bank and its subsidiaries have changed interest rates on a range of loans for both owner-occupiers and...
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Major bank hikes investor rates by 31 basis points
by Lucy Dean • 26 Jul 2017
A big four bank has introduced changes to interest rates on both principal and interest and interest-only loans.
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Bank refunds over $230k in overcharged interest
by Reporter • 26 Jul 2017
A Tasmanian bank has refunded over $230,000 in overcharged interest and fees to more than 1,040 customers with mortgage...
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‘Disingenuous’: Former bank exec questions back book repricing
by James Mitchell • 26 Jul 2017
A former major bank executive says lifting rates for existing interest-only borrowers has little to do with the...
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Why ongoing performance review is critical
by Lucy Dean • 24 Jul 2017
An ongoing review process can mitigate “oodles of worry and stress,” but all players need to be accountable, a...
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Lenders announce P&I rate changes
by Lucy Dean • 21 Jul 2017
Two lenders have announced reductions to fixed interest rates on principal and interest loans.
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SME lender becomes first fintech to win Telstra award
by Reporter • 21 Jul 2017
Small business lender Prospa has become the first fintech company to be awarded a Telstra Business Award, after winning...
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Regional banks update turnaround times
by Lucy Dean • 20 Jul 2017
Two non-major banks have released revised turnaround times for home loans, stating that they can now service PAYG...
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