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NAB tightens up on SMSF loans, scraps referrer payments
26 March 2019
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 ...

Mortgage lender pulls out of market
25 March 2019
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.

LATEST PODCAST: Changes at the lenders continue
25 March 2019
mortgagebusiness

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

‘Systemic’ SMSF lending risks quashed by regulators
25 March 2019
‘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 ...

Suncorp cuts mortgage rates by up to 70bps
22 March 2019
Suncorp

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

Buying a house ‘less attainable’ than starting a business
21 March 2019
Young adults

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.

NAB pledges to keep rural branches open until 2021
21 March 2019
NAB

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

Westpac sells ‘loss-making’ financial advice business
20 March 2019
Westpac

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.

Bank rebrand greenlighted ahead of new market launch
19 March 2019
Greenlight

ASIC has approved the brand change of a Western Australian-based lender, which according to the bank will help facilitate the national launch of its new digital platform.

ING announces new lending restrictions
18 March 2019
ING Building

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.