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NAB tightens up on SMSF loans, scraps referrer payments

A big four bank has announced that it will cease accepting new SMSF commercial applications unless customers meet new criteria and that it will be scrapping payments to introducers later ...

NAB tightens up on SMSF loans, scraps referrer payments
Mortgage lender pulls out of market

Just a year after launching, a mortgage lender specialising in non-resident mortgages is being wound down and will not proceed with any loan applications lodged after 18 March.

Mortgage lender pulls out of market
LATEST PODCAST: Changes at the lenders continue

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

mortgagebusiness
‘Systemic’ SMSF lending risks quashed by regulators

The federal government will not make any changes to limited recourse borrowing arrangements held by SMSFs, after Australia’s leading regulators found that they are “unlikely to pose systemic ...

‘Systemic’ SMSF lending risks quashed by regulators
Suncorp cuts mortgage rates by up to 70bps

The non-major lender has reduced interest rates across its owner-occupied and investment fixed rate home loan offerings.

Suncorp
Buying a house ‘less attainable’ than starting a business

Buying a house is viewed as less feasible than starting a business by Millennials, who still aspire to own a home, a new study has found.

Young adults
NAB pledges to keep rural branches open until 2021

The major bank has announced its commitment to keeping its regional and rural branches open, at least in the medium term. 

NAB
Westpac sells ‘loss-making’ financial advice business

The major bank has announced a raft of changes to its wealth strategy, including the sale of its “high-cost, loss-making” personal financial advice business to Viridian Advisory.

Westpac
ING announces new lending restrictions

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. 

ING Building
ANZ loosens investor IO lending policy

The major bank has announced changes to its credit policy criteria for investor home loans with interest-only terms, less than a month after conceding that its tightening measures were ...

ANZ
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