As read in the Aust Broker Online, Westpac has announced changes to its lending practices governing foreign buyers, in response to APRA’s push to rein in the levels of finance being supplied to investors. The major bank is attempting to curtail lending to foreign investors by writing to mortgage brokers to tell them that all […]

As read in the Aust Broker Online, the major banks’ move to reprice their residential investor loans and curb investor lending is credit positive, according to a global ratings agency. Increased lending rates are credit positive for the banks, according to Moody’s, because they rebalance the banks’ portfolios away from the higher-risk investor and interest-only […]