Analysis has shown average variable rates changed significantly last financial year
This comes in response to a company encouraging people to "broker your own loan"
"People are taking longer to buy than they did 18 months ago, but they are buying"
"At the bank I felt more like a sales person than someone who could find the right solution"
The tool allows brokers to send documents for signing anytime, anywhere
IO loan renewals will require full income verification soon, says the bank
The non-major hits out at "distorted competition" that disproportionately affects smaller banks
The bank plans to invest $1.5bn a year in technology
Non-majors now account for more than 37% of the group's flows
But FBAA says lenders have to take responsibility for explaining changes to credit reporting to their clients