Lender

Non-bank lender ScotPac has recruited a former Westpac and HSBC lead to fill its newly formed role of chief risk officer.

The non-bank lender has officially been admitted to the official list of ASX Ltd, with trading commencing on a conditional and deferred basis under the code PPM.

The non-major bank said that it is aiming to raise up to $80 million to “rapidly” grow its loan book as well as business through the broker channel.

A customer-owned bank has launched a new home loan offering that enables borrowers to access a discounted interest rate if their home meets certain environmental criteria.

Industry bodies said the Victorian government’s moves to reduce its deficit is “premature”, and warned of the adverse effects of the new taxes on individuals and businesses.

Home loan customers in hardship arrangements will be given the option of building a savings buffer by making smaller loan repayments, the lender said.

Broker engagement, turnaround speed and streamlined lending processes are all being prioritised at Suncorp, as the bank swings for a larger slice of the mortgage market.

The listed group has announced that it has reached an in-principle agreement to partner with Goldman Sachs to originate, fund and securitise mortgages.

Three-quarters of consumers have stated that dealing with a lender who ensures they can afford their loan is highly important, according to a new survey.

The national housing body has announced funding for loans and grants to provide social housing across Melbourne as part of a consortium.