Suncorp lead the charge

Discussion in 'Loans & Mortgage Brokers' started by Rolf Latham, 23rd Oct, 2018.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Marty McDonald

    Marty McDonald Mortgage broker Business Member

    Joined:
    22nd Jun, 2015
    Posts:
    520
    Location:
    Sydney North Shore and Norther beaches
    Yeah nah sorry. Its too open to gaming the system with cash savings or secondary secret bank account. If the powers that be are worried about over borrowing there is a much easier way to reduce how much people can borrow which can not be gamed ie higher assessment rates (currently average about 7.25% they could make it 8, 9% or 10% etc)
     
    KayTea likes this.
  2. Marty McDonald

    Marty McDonald Mortgage broker Business Member

    Joined:
    22nd Jun, 2015
    Posts:
    520
    Location:
    Sydney North Shore and Norther beaches
    ANZ announced policy change. They now need 3 months bank statements..... wait for it .....to confirm income! Not living expenses. Wow that is funny obviously some serious hand wringing going on.
     
  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    5,330
    Location:
    Gold Coast
    Given that ANZ has been rather loose for a long time..............esp at retail

    ta

    rolf
     
    Terry_w likes this.
  4. Bill Williamson

    Bill Williamson Well-Known Member

    Joined:
    28th May, 2017
    Posts:
    52
    Location:
    Perth