HSBC CEO insists the reversal of the down payment doubling was not a reaction to backlash, says no changes have been made to the bank’s home loan lending policy
HSBC Malta first said first-time buyers will need to put up 20% of the property value as a down payment, but now the bank has back-tracked and reverted the down payment back to 10%
BNZ cuts home loan rates stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
The mutual bank has outlined how brokers would help reach customers in areas without the same bricks-and-mortar presence as other lenders, following its merger with a credit union.
July home loan snapshot: ANZ, NAB and Westpac push fixed rates higher
According to the latest edition of the
Mozo Banking Roundup which was released this morning, the bulk of the recent action has come from changes to fixed home loan rates, as a number of lenders including members of the big four have raised rates.
For borrowers, this could be a trend worth watching in the months to come, especially those who are still wanting to lock in while rates are low.
So what’s changed and how are both fixed and variable rates stacking up? Here’s a round up of the more significant recent changes in the home loan market.