ANZ lifts interest-only home loan rates, but cuts ...

ANZ lifts interest-only home loan rates, but cuts principal and interest loans

By Clancy Yeates, Eryk Bagshaw

Updated

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ANZ Bank has hiked rates on interest-only home loans for the second time in three months, amid further signs the regulators' crackdown on riskier lending has put the brakes on the mortgage market.

The big four lender on Friday said it would...

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Website: https://www.smh.com.au

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ANZ review after glitch forces $70m in home loan refunds

ANZ Bank is conducting a sweeping review all of its home loan, savings and small business accounts to ensure they are operating correctly, after a major glitch forced it to refund $70 million to 235,000 home loan customers.

Last week the bank commenced sending out letters to the customers, who were charged incorrect interest rates through their mortgage offset accounts due to processing errors by...

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Website: https://www.smh.com.au

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Glossary of terms | ANZ Internet Banking help

Available funds is the total amount which may be available for withdrawal from your accounts.

It may include account specific items such as withdrawal limits, credit limits, overdraft facilities and redraw

It will also include the recent transactions that are in the process of being posted to your credit card or visa debit account

It will not include funds that are currently held in an ANZ Term...

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Date: 2018-03-20 07:16:18
Website: anz.com

Related topics : home loan eligibility amount / find out home loan eligibility / anz business home loan / find home loan eligibility / eligibility home loan

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Spring Campaign Better Rate | BOQ

Important Information

Bank of Queensland Limited ABN 32 009 656 740 (Australian Credit Licence Number 244616) (BOQ). Full terms and conditions available at any BOQ branch. Fees and charges are payable. BOQ's standard credit assessment criteria, fees and charges apply. Offer period 2 October 2017 to 31 March 2018. Claim period ends 2 June 2018. Offer only available for new to BOQ home loans...

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Date: 2018-02-16 03:13:08
Website: https://www.boq.com.au

Related topics : new home loan offers / new construction home loans information / new construction home loan rates / new construction home loan / anz business home loan

Commonwealth Bank raises variable home loan rates

Home owners' mortgage costs are set to rise by hundreds of dollars a year, after the Commonwealth Bank became the latest bank to hike interest rates in an attempt to preserve shareholders' high returns.

The country's biggest bank on Thursday raised variable mortgage rates for owner-occupiers and housing investors by 0.15 percentage points, the first such rise for the bank in more than three...

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Website: https://www.smh.com.au

Interest-only borrowers brace for mortgage crunch | afr.com

Interest-only borrowers brace for mortgage crunch

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Peter Button, in front of his house on Wednesday, sold his unit in Brisbane rather than refinance.

Tash Sorenson

by Duncan Hughes

Queensland property investor Peter Button "grabbed the profit and ran" when his interest-only loan expired and he realised that refinancing would trigger a hefty increase in repayments.

"I saw a refinancing issue...

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Website: http://www.afr.com

Mortgage Broker Auckland - Home Loans NZ | Non Bank

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Moody's move shines light on Australia's home loan risks

The decision by Moody's Investors Service to downgrade the ratings of Australia's largest banks has focused attention on the risks lurking in the country's $1.51 trillion of mortgage loans.

"The resilience of household balance sheets and, consequently, bank portfolios to a serious economic downturn has not been tested at these levels of private sector indebtedness," Moody's said in the statement...

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Website: https://www.smh.com.au

Westpac raises home loan rates - smh.com.au

Westpac is jacking up all of its variable home loan interest rates by 0.2 percentage points, a move it has blamed on rules forcing banks to hold larger loss-absorbing capital buffers.

The country's second biggest bank on Wednesday announced the change, which will increase headline owner-occupier rates to 5.68 per cent, and investor rates to 5.95 per cent.

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The rate hike will take effect...

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Website: https://www.smh.com.au