NAB has commenced the NAB remediation program for some of its customers, after a review identified their home loan may not have been established in accordance with NAB’s policies. It follows the completion of an extensive review by NAB which identified around 2,300 home loans since 2013 that may have been submitted without accurate customer […]
A new survey has found that a third of Australians have successfully negotiated a better deal on their mortgage. The survey by finder.com.au revealed that 33 per cent of the 1,286 respondents managed to successfully bargain for a lower interest rate on their home loan. From the 43 per cent of home owners that […]
With nearly one in four West Australians living alone, suburbs that offer lifestyle, amenities and accessibility are a lure to these singles. Living in or near a city means shops, bars, restaurants, and cultural and leisure activities are all within reach and the type of housing stock usually suits those who live alone. Single people […]
The federal government has announced that it will implement 15-business-day payment terms for small business providers in response to a Payment Times and Practices Inquiry. The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) released a report in April which noted that “late repayments have been a perennial problem in Australia”. The government’s decision to […]
Pressure is mounting on interest-only mortgage borrowers as new research shows they tend to be poorer money managers and present as “risk flags” to financial institutions. An apparent propensity to spend their way further into debt and forgo savings when faced with higher costs, and an increased tendency to sell their property if interest rates […]