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Major bank changes home loan interest rates

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Australian Broker | 16 Mar 2017, 01:35 PM Agree 0
The big four bank has announced changes for its owner-occupier, first home buyers and investor loans
  • SEQ Broker | 16 Mar 2017, 01:47 PM Agree 0
    Is this at 95% + CAP Lmi? If not , then its not a First home Buyer product is it?
  • Ivanhoe Broker | 16 Mar 2017, 01:55 PM Agree 0
    Fun times!!
    I have around 6 deals lost in their system somewhere due to rubbish turnarounds, and now this.
    Just getting harder and harder.
  • Sally Field | 16 Mar 2017, 02:02 PM Agree 0
    Oh lord here we go. Watch the others follow suit one by one. Oh well guess its NAB's turn to be on the block first this time. Normally its Westpac that stick their neck out first. Can't wait to see all the current affair stories bank bashing, which doesn't help anyone.
  • DB | 16 Mar 2017, 02:58 PM Agree 0
    Well done APRA! News Release below!!
    NAB announces a record 6 month profit for the year ending 30 June 2017 after its mortgage loan book brings in a record return on the interest received. Meanwhile the average Australian cannot strive to purchase their first Investment Property due to the LVR restrictions to be implemented in May 2017 only allowing borrowers to purchase at 80% and the interest rates increase further! We have seen however no decline in the property prices given the influx still of Chinese buyers to the market! The first home buyers are still not getting into the market as APRA has extended servicing rates beyond 8% even though the NAB is offering a 'wow' rate of 3.69% for 2 years for the First Home Buyer
    The continued fallout from APRA and ASIC making these changes continues to dampen.......................................................................................
  • Mark L | 16 Mar 2017, 07:18 PM Agree 0
    If the strategy is around “We’re committed to managing our investor lending growth in line with the regulator’s guidance” why are existing loans affected??
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