TMM - News
Mortgage holders big switch to new lenders tapers off
Monday 30th of March 2026
In December after the main banks launched a limited 1.5% cashback offer for new mortgages, a record $5.7 billion (41.1.%) of the $14 billion taken out was for a change to a new lender.
However, the number of new mortgages for a change in loan provider increased by 12%
compared to February last year.
While the cashback offer was a big incentive and had advisers’ phon...
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