
Mortgage News
Pre-approvals cancelled
Monday 23rd of September 2013
The bank has announced it is withdrawing its preapprovals for buyers with deposits of less than 20%, from October 4.
An industry source said it was likely because the bank had overcommitted itself in the high LVR space and needed to quickly rein in lending ahead of new LVR speed limits.
He said other banks would probably follow suit.
From the beginning of next month, banks...
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