Westpac group drops floor rate
Reporter
The major bank and its subsidiaries have dropped the floor rate on mortgages and reinstated some offerings that were suspended due to COVID-19.
The major bank and its subsidiaries have dropped the floor rate on mortgages and reinstated some offerings that were suspended due to COVID-19.
The non-bank lender has announced that it is restoring its lending criteria to pre-COVID-19 settings to reflect improving economic conditions amid the COVID-19 pandemic.
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Open banking could make borrowers less “sticky” and more willing to switch lenders, meaning organisations may have to find ways to retain customers, according to ME Bank.
The non-major bank has announced a swathe of changes, including income policy for servicing calculations and a new product launch.
More than half a million people have checked their credit score in the past six months during the pandemic, a substantial jump from the same...
Several players in the lending and property sectors have welcomed the federal budget for 2020-21, particularly the expansion of the instant ...
The customer-owned bank’s home loan portfolio has contracted despite over $1.6 billion in settlements, contributing to a 15 per cent hit to its bottom line.
The COVID-19 pandemic has eroded profitability of housing through the June quarter, but the portion of loss-making sales rose only slightly, according to CoreLogic.
Property continues to be considered the most lucrative investment option for Australians despite recent instability, according to new research.
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