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Interest rate rises hit another non-major

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Australian Broker | 29 Mar 2017, 03:13 PM Agree 0
The challenger bank has increased its standard variable rates for investor borrowers on two of its mortgage products
  • Keith | 29 Mar 2017, 03:47 PM Agree 0
    What rubbish.
    Due to the NSW & VIC states who have lost control of their property markets so let's also punish the other states that are not doing so well and make it worse for their economy & markets.
    Why not post code loan rates to only impact upon those overheated markets
  • Fair Weather | 29 Mar 2017, 11:16 PM Agree 0
    If ING are getting close to the 10% investor loan growth limit, why not increase rates and reduce LVR's for new clients?

    Smacking the existing clients, many who they enticed with special offers with a back hander of .25% increase does not go unnoticed.

    It's seems opportunist, and they seem to be failing the fair weather lender test.

    Imagine if we said to ING our trail of 0.15% will be increasing to 0.20% due to investor lending and markets and we need to balance the risks of all stakeholders! Ha - different drum then.

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