Credit availability picks up for home buyers

Borrowers now have better access to mortgage credit, as banks loosen the tight lending standards of the past few years. But credit availability varies widely from lender to lender. Macquarie Securities’ latest mortgage shadow shopping exercise and broker survey found…

Kavanagh

Consumers who are disappointed with the Government’s move to sidestep the Hayne Royal Commission’s recommendation on mortgage broker commissions can take comfort from developments elsewhere. The Australian Banking Association gave an update last week on work its members have been…

Kavanagh

Last week’s column generated a lively discussion on my LinkedIn page, with most of the responses taking issue with my critical comments about the mortgage broking industry. I have responded to some of those comments individually but I thought I…

Kavanagh

There has been a surprising amount of sympathy for the plight of mortgage brokers following the release of the Royal Commission’s final report, which recommends that commissions paid by lenders be banned and that brokers be remunerated by charging borrowers…

The trouble with your mortgage broker

Mortgage brokers are a mixed blessing for consumers and need to change the way they operate to improve their standard of service. The Productivity Commission has released a draft report on competition in the Australian financial system, taking aim at…