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The non-major lender has announced that it will no longer accept residential property as security for residential loan applications being used for business purposes. Effective for residential loan applications received from 18 March 2019, ING Australia will no longer accept residential property as security for business purposes.

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New data has revealed an ongoing industry-wide reduction in fixed home loan rates. Canstar's weekly rate summary showed 168 decreases and zero increases in fixed home loans, as well as 16 decreases and 32 increases in variable rates.

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The Family Guarantee loan allows people to help their family members to enter the property market. Heritage's Family Guarantee works by splitting the total amount across two loans – one secured by the property being purchased, and the second loan partially secured by an immediate family members' property as guarantors.

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