Lender

The home loan auction marketplace has appointed a new head of sales to replace Mark Bevan, who has announced that he will step down from the company.

The big four bank has announced a collaboration with a fintech lender that supports early stage start-ups with funding opportunities to kickstart their businesses.

Twenty-two per cent of “buy now, pay later” customers have prioritised paying this debt off over loan repayments or bills.

While a majority of mortgage-holders would like to switch lenders, many have become “mortgage prisoners” as a result of COVID-19, according to research.

Clearance rates across major capital cities have once again risen, proving the continuous recovery of the property market following the COVID-19 outbreak.

A digital bank has questioned the viability of lender cashback offers for borrowers and has argued for the need to offer a robust banking proposition beyond home lending.

The non-bank lender has reported a significant decline in the number of customers on loan payment deferrals, and a slight rise in home loan AUM.

Auswide Bank has announced that its chairman will retire at the end of the year, with a new successor named to replace him.

Owner-occupiers and first home buyers have powered a rise in housing finance, while Queensland has taken the lead in housing finance growth, according to new data.

The major bank’s book continued to grow in the three months to September, but profits dropped 16 per cent as loan loss provision increase due to COVID.