Lender

The non-major bank has completed the final stage of its equity raising, with the proceeds to be used to fund the acquisition of ME Bank for $1.325 billion.

The non-bank lender has reduced rates by up to 88 bps and waived some of its fees across its Prime Alt Doc range of home loans, effective 15 March.

The lender said it has shelved plans to offer an offset with its residential SMSF lending product after receiving advice that such products may “fall foul” of superannuation laws.

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

Several consumer groups have condemned the Senate committee’s backing of the repeal of RLOs, calling it a “recipe for economic disaster”.

Lenders have welcomed the government’s new SME Recovery Loan Scheme for businesses receiving JobKeeper, citing it as a “thoughtful extension” to the hardest-hit businesses.

A new finance platform that allows small businesses to access equity, grants and loans has launched in Australia.

Australian mortgage arrears are starting to rise as fiscal stimulus measures taper and mortgage relief periods end for many borrowers, but economic recovery and lower interest rates are ...

Westpac has lowered mortgage rates across the banking group on its fixed rate owner-occupier and investment loans by up to 20 bps, effective 9 March.

The popularity of HomeBuilder in Tasmania has delivered a threefold increase in applications over initial forecasts.