Mortgage and Finance Brokers Breaking News - The Adviser

Westpac eases investor lending policy

by Charbel Kadib • 22 Oct 2019

The major bank has revised its investor lending policy, increasing the maximum LVR for interest-only loans. READ MORE

Diversification drives N1’s revenue growth

by Reporter • 22 Oct 2019

The diversified broking and non-bank lending group has released its annual report for the 2019 financial year,... READ MORE

Neo-lender approves first ‘15-minute’ mortgage

by Hannah Dowling • 22 Oct 2019

Australian Mortgage Marketplace has settled its first mortgage application, providing a broker client with a verified... READ MORE

Majors out of favour with investor, IO borrowers

by Charbel Kadib • 21 Oct 2019

Investors and borrowers seeking interest-only repayment terms are flocking in droves to Australia’s non-major... READ MORE

REA banks on broker network

by Reporter • 21 Oct 2019

The multinational property group is hoping to reverse its fortunes in the financial services market by backing its... READ MORE

Macquarie Bank revises serviceability policy

by Malavika Santhebennur • 21 Oct 2019

The non-major bank has announced changes to its serviceability policy in response to record-low interest rates. READ MORE

Mortgage protection should be the ‘cornerstone’ of financial...

by Hannah Dowling • 21 Oct 2019

Last week, at The Adviser’s EU Study Tour, Australian brokers were exposed to a range of international perspectives... READ MORE

Treasury takes net of offset standardisation off the table

by Charbel Kadib • 18 Oct 2019

The industry will need to self-regulate in order to standardise the calculation of net of offset payments, with... READ MORE

CBA reaping rewards of home lending bounce

by Malavika Santhebennur • 18 Oct 2019

The major bank’s CEO, Matt Comyn, told the AGM that there is an “abundance” of housing credit available, as the... READ MORE

TMB reduces fixed and variable rates

by Hannah Dowling • 18 Oct 2019

The mutual bank has announced reductions of between 10 and 25 basis points across its loan offerings for both... READ MORE

Women urged to take control of their finances

by Malavika Santhebennur • 18 Oct 2019

Women need to prioritise budgeting and saving as soon as they join the workforce to avoid financial stress in the... READ MORE

Trail ‘at risk’ in best interests duty bill

by Charbel Kadib • 17 Oct 2019

Draft regulations in the government’s best interests duty bill could, in practice, prohibit the payment of trail... READ MORE

One in five consumers to switch banks

by Hannah Dowling • 17 Oct 2019

With open banking due to be introduced in February 2020, Deloitte studied how consumers are likely to react to the... READ MORE

Mortgage Choice seeks to grow advice network

by Malavika Santhebennur • 17 Oct 2019

The broking franchise group wants to capitalise on the rapid change facing the advice sector and expand its financial... READ MORE

SMEs weighed down by ATO repayment plan

by Malavika Santhebennur • 17 Oct 2019

Research from Sail Finance has revealed that most finance brokers believe the ATO’s repayment plan for small... READ MORE

Aussie calls for prescription in best interests duty

by Charbel Kadib • 16 Oct 2019

The broking franchise group has called on Treasury to introduce prescriptive subordinate regulations for matters where... READ MORE

Disclosure ‘not the silver bullet’ for consumer protection

by Charbel Kadib • 16 Oct 2019

ASIC has released a new report into the effectiveness of financial product disclosure, in which it has sought to debunk... READ MORE

ME joins uno’s lender panel

by Malavika Santhebennur • 16 Oct 2019

The non-major has joined an online mortgage broker’s lender panel. READ MORE

Heritage Bank drops floor rate

by Reporter • 16 Oct 2019

The member-owned bank has announced a second cut to its interest rate floor for mortgage serviceability assessments. READ MORE

Learnings from the EU Study Tour

by Annie Kane • 15 Oct 2019

The Adviser’s EU Study Tour 2019 took place in Dublin, Ireland, last week, looking at how European regulation,... READ MORE

FBAA backs new mortgage pricing inquiry

by Charbel Kadib • 15 Oct 2019

The head of the FBAA has expressed strong support for the ACCC’s new inquiry into mortgage pricing, stating that... READ MORE

Brokers the ‘first line of defence’ for application accuracy

by Hannah Dowling • 15 Oct 2019

In a post-royal commission environment, brokers are labelled the “first line of defence” for financial application... READ MORE

Loan Market appoints new state director

by Reporter • 15 Oct 2019

The broking franchise group has announced the appointment of a state director to lead its operations in Victoria and... READ MORE

CBA, Westpac lose ground in broker space

by Charbel Kadib • 14 Oct 2019

The major banks’ share of the third-party channel has dwindled over the past quarter, according to new data from... READ MORE