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Suncorp reveals new mortgage rates

Suncorp Bank has reduced interest rates for owner-occupiers and investors, and has hit back at claims that it has “quietly” raised home loan rates out of cycle.

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Branson’s commission question and the birth of Virgin mortgages

Sir Richard Branson told mortgage brokers in Sydney yesterday how a lack of transparency around commissions drove him to launch one of the most successful mortgage companies in the UK.

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Listed lender has firm eye on global growth and innovation

The who’s who of the Australian lending industry gathered in Sydney on Wednesday night to hear about the evolution of a leading non-bank lender.

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Banks announce raft of lending changes

Two banks have made significant changes to their investor lending policies, while three non-majors have slashed some of their fixed rates to below 4 per cent.

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Teachers Mutual stops lending to investors

Teachers Mutual Bank has today withdrawn from new investment lending in an effort to meet regulatory requirements.

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ANZ appoints chief financial officer

ANZ has appointed a permanent chief financial officer, filling the role vacated by current CEO Shayne Elliott upon his promotion to the top job in October 2015.

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Lenders still 'dialling down' on SMSF market

A Sydney mortgage broker says lenders are continuing to wind back their activity in the SMSF space in order to hit their APRA targets, making it a "struggle" for funds with less than ...

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Aussie fund manager bets big on P2P lending

An Australian fixed-income manager has launched a new fund that invests in prime-grade consumer loans originated by peer-to-peer marketplace lending platforms around the world.

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UK regulator releases responsible lending findings

The Financial Conduct Authority has found that UK mortgage lenders have positively applied responsible lending requirements but still have room for improvement.

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ANZ axes hundreds of jobs amid ‘low lending growth’

The major bank yesterday revealed that approximately 200 roles in its Australian division will be made redundant in response to lagging economic conditions.

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