Mortgage News

ANZ changes commission payments

Wednesday 10th of August 2005

From then, ANZ will stop paying the 0.25% trail commission currently paid on new loans.

“The move is in light of pressure on home loan margins right across the board in the last year or two,” ANZ spokesman Craig Howie says.

Instead, the bank will increase the up-front commission it pays from 0.625% to 0.7% and it...

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