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Fintech breakthrough sees launch of new lender

A partnership between a leading online lender and an ASX-listed software provider has resulted in the launch of a new lending business.

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Lender warns of heavy write-offs

The head of one of Australia’s main peer-to-peer lenders has warned that possible asset greed in the alternative lending sector will see it damaged, as overly aggressive growth tactics could ...

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Australian investors hit hard as lending landscape changes

Changes in the investment lending market have adversely affected the property plans of Australian investors, according to Mortgage Choice.

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Lenders announce LVR changes

A non-major lender and a mortgage manager have announced changes to maximum LVR ratios. As of 18 July, principal and interest (P&I) loans with Adelaide Bank will revert to a maximum LVR ...

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Seven lenders unite to stir big bank complacency

A global professional services firm has joined with a group of Australia’s regional lenders to launch a fintech offensive against the country’s major banks.

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Two lenders reduce rates

A major bank and a lender that recently re-entered the market have made significant cuts to their variable and fixed mortgage rates following Advantedge’s decision to drop four of its rates ...

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CBA changes automated valuations

The nation’s largest lender alerted mortgage brokers this week about new changes to its thresholds for attaining up-front valuations.

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UK headed for 'shallow recession': NAB

The UK is likely to enter a brief 'technical recession' as the country adjusts to the realities of Brexit, says NAB – but there will be "relatively little" impact on global growth.

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Investor lending bounces back

Fresh figures from the ABS have revealed that investor finance rebounded strongly in May by almost 4 per cent, its biggest monthly gain in 12 months.

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NAB closes $1.5bn capital raising

National Australia Bank has finalised its Capital Notes 2 offer, raising nearly $1.5 billion in capital.

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