Lender

Borrowers at the big four banks will see variable rates rise by 25 basis points, as the majors pass on the RBA’s full rate hike.

The ASX-listed non-major bank revealed the “second highest” number of residential loan applications since its offering, in the third quarter of financial year 2022.

OneTwo Home Loans, a new lender partnered by Lendi Group and 1835i, has launched into market with a mortgage that gives customers discounts on their interest rate as they pay it down.

The lender had the largest rise in home loan market share over 2021 relative to its size, with its slice increasing by around 29 per cent.*

While its big four rivals managed to grow their mortgage portfolios over March, ANZ’s total slipped by $82 million.

The major bank has followed the recent trend set by lenders outside the big four, unveiling a new product for sustainable residential properties.

The majority of ANZ borrowers who made misrepresentations on their mortgage applications were advised to do so by the bank’s staff, according to a new survey.

The current chair of the big four bank is set to depart, with her successor already being named.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

The mutual lender has announced it will welcome a new chief executive and executive general manager of its retail banking business in May.