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Impact of exit fee abolition up for debate

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Australian Broker | 03 Jan 2012, 05:01 AM Agree 0
More than a quarter of a million mortgages were sold after last year’s July 1 deadline for abolishing exit fees but the ban’s impact on competition remains uncertain.
  • Alwyn Beardmore | 03 Jan 2012, 11:47 AM Agree 0
    Well, of course the benefits are uncertain - the biggest single impairment for re financing is Lender's Mortgage Insurance (for loans over 80%)which will be charged again. Our esteemed Treasurer got it wrong again.
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