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Lender launches 95% LVR loan for FHBs

Better Choice Home Loans has launched a new 95 per cent LVR home loan product, which aims to help more first home buyers enter the property market.

Better Choice Home Loans
Mutual banks’ lending growth outpaces majors

Customer-owned banking institutions wrote $6.6 billion in the 2019 financial year, up 7.8 per cent from the previous year and outpacing growth from the major banks.

Growth
LATEST PODCAST: New lending launches

Join Alex Whitlock and Annie Kane as they delve into the latest themes and developments in the home loan market.

LATEST PODCAST: New lending launches
APRA leaves door open to new lending curbs

The risks that prompted APRA’s initial crackdown on mortgage lending “have not gone away”, chair Wayne Byres has said, warning against a “resurgence in speculative activity”.  

Wayne Byres
Westpac CFO to step down

The major bank will commence an “international search” for a new chief financial officer after announcing the retirement of Peter King.

Westpac
ASIC bans short-term lending model

The corporate regulator has used its product intervention powers to prohibit a model of short-term lending, which, it has found, causes “significant consumer detriment”.

ASIC bans short-term lending model
CBA CEO to assume ABA chair

Commonwealth Bank CEO Matt Comyn is set to replace ANZ CEO Shayne Elliott as ABA chair.  

MAtt Comyn
New lending growth reaches five-year high

The value of new lending to households rose by 3.9 per cent in July 2019, reaching levels not seen since October 2014, new ABS data has shown.

Growth
Westpac facing new class action

Slater and Gordon has lodged a class action against two of Westpac’s subsidiaries, forming the latest legal action against the big bank.

Westpac facing new class action
Bendigo to shed ‘old ways’ and ‘re-engineer’ practices

The bank has outlined its commitment to transforming its banking practices in light of a shift in customer preferences.

Robert Johanson
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