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Recent changes to how lenders have to assess borrowing capacity

01 Nov 2021 | Latest News

Recent changes to how lenders have to assess borrowing capacity for home loans will make it harder for some to borrow what they want. We’ve broken down what the changes are and what they could mean for you. What’s changed? On 6 October the Australian Prudential Regulation Authority (APRA) announced that lenders need to assess […]
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Lending & Property Update – October 2021

12 Oct 2021 | Latest News

October 2021 is shaping up to be a very much compliance-oriented month, with two important pieces of royal commission driven legislation taking effect, and the Australian Prudential Regulation Authority (APRA) announcing new measures designed to cool the extensive capital growth seen across all sectors of the property market. Design and Distribution Obligations (DDO) was launched […]
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Lending Update – August 2021

11 Aug 2021 | Latest News

Lending to those who run their own business has always been a far more involved process than for those earning Pay As You Go (PAYG) Income. The documentation required by banks generally has to span two years of income, which can be up to 18 months old at the time of assessment. COVID-19 has only increased […]
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