TMM - News

Loan applications rise despite lending difficulties

Tuesday 28th of November 2023

They entered into contracts months ago, the markets have moved and they are being forced to settle, says Martin Brennan, Gold Band Finance chief executive.

A combination of factors have led to this situation, he says. Interest rates went up, property prices went down.

“In other words, the house bought for say $10, is now worth $8, which obviously leads to impairment. Those...

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