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
Seven tips to boost a broker's profits, productivity and skills – plus reduce stress.
One non-bank lender is waiving risk fees on all specialist lending products with an LVR of 70% or less.
Non-major lenders and non-bank lenders will be able to compete more aggressively with major banks to gain market share this year, industry leaders say.
Nearly a third of median weekly family income is now required to meet home loan repayments, new research shows.
Two non-major banks are following their parent bank’s lead by decreasing their three year fixed rate for new customers and existing customers switching into a new fixed rate.
A major broking franchise crunches the numbers for you on fixed and variable rate home loans.