News
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Higher Interest Rates for Property Investors and Suspension of Investor Loans
As recently advertised and widely communicated, borrowers in the investment property market have recently been faced with an increase in interest rates ranging from 0.12% to 0.45% over the past […]
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Major Bank Increases Investor Interest Only Rates
CBA has announced that interest only home loan rates for investors will rise by 12 basis points and Viridian Line of Credit (VLOC) products will increase by 4 basis points. […]
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Second-Tier Lender Turns Screws on Loan Application Process
Macquarie Bank is about to bring in strict new credit rules forcing borrowers to disclose their household and discretionary spending in 12 different categories. Fairfax Media reports that from today, borrowers […]