The lender says this will make it easier for brokers to convert more custom applications during a time of rising rates
An independent review has claimed that current commission structures for third parties could amplify risks for consumers
With rate changes on over 200 loan products, brokers are in a prime position to help borrowers sort through the confusion
While there will be an eventual slowdown in property prices, one expert has questioned claims that Australia is in a bubble
ASIC has permanently banned a former Big Four home finance manager from providing financial services.
The number of Aussie borrowers blacklisted by credit reporting bodies will increase exponentially after Friday, says a national finance company.
Lenders continue to beat the diversification drum, claiming brokers must become full suite advisers giving debt, planning, wealth and insurance advice to keep up with the market.
A leading lender has added close to $500 million of loans to its non-conforming portfolio last year.
Australia’s lenders are still competing aggressively on fixed rate home loan interest prices, which may prompt more borrowers to fix their loan over coming months.
One building society aims to double its team and expand business within the calendar year, according to its strategy head.