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Latest News

Latest News

AMP - great niches

AMP have announced that loans that are secured solely by owner occupied properties will obtain owner occupied products and interest rates for all acceptable purposes. In addition Cash out/equity release is available up to 85% LVR.

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Suncorp restricts lending

Effective Monday, 23 October 2017 Suncorp will no longer accept investment home lending applications for apartments in specific post codes in the Brisbane CBD and metro area with an LVR > 80%. Suncorp's risk settings have been adjusted for these post codes based on recent weakness in the investment unit market in Brisbane, with evidence of a reduction in prices.


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Westpac - hot pricing

Several banks have introduced lower principal and interest rates for new mortgage customers either by dropping rates or introducing discounts for new lending.

Effective from 23 October, Westpac has brought in better discounts on its Flexi First Option Home and Investment Property Loan products.

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ANZ Secured Lending

ANZ Secured Lending approval can support clients who have been trading for at least 1 full financial year, are looking for funds within 80% LVR of any commercial/industrial premises and up to 100% of any standard residential premises ( assuming no other consumer lending in place). The policy allows for provision of the last BAS – no more than 4 months old and evidence of payment of same as well as a clear ATO portal for all applicants and directors.

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Investor Lending Low

Investor lending and interest-only lending has been hit hard by regulation, data from AFG and ASIC reveal. AFG's latest Mortgage Index recorded a decline in investor lending to 29% of the market, an all-time low which AFG CEO David Bailey put down to "regulator-led tightening of investor lending". Compared to the same time last year AFG's volumes are flat, Bailey revealed.

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