The simple household jobs we don’t know how to do anymore….Question: How many Millennials does it take to change a light bulb? Answer: None – that’s what outsourcing is for. OK, so that’s a gross generalisation, but if statistics are to be believed, the joke is not that far from the truth. A recent survey, […]
once thriving theatre filled with lights and music is now silent and dark, its velvet curtain rotting and the ornate ceiling covered in filth. A department store where thousands of shoppers came to browse is now empty but for a few broken mannequins and motionless escalators. Hundreds of prison cells plastered with posters, letters and […]
The most common consumer complaint against mortgage brokers relates to inappropriate finance and responsible lending, a new industry report has found. In the latest Credit Industry Ombudsman (CIO) Annual Report on Operations, around 360 complaints were received about brokers and aggregators in the 2016/17 financial year. This accounted for 6.1% of the almost 5,900 complaints brought […]
Some Australian home owners looking to refinance their mortgage to reduce debt have discovered they are “stuck” with their current loan due to stricter rules enforced by the banking regulator. One lender says tighter controls are penalising people with a good credit history on loans granted before the Australian Prudential Regulation Authority (APRA) tightened rules […]
The Financial Ombudsman Service (FOS) has released new figures revealing the low number of broker disputes compared to the banks. The FOS Annual Review 2016-17reported 25,300 accepted disputes overall during the year. Of these, 10,400 involved the banks while only seven involved mortgage brokers. These seven disputes included two around advice, two around charges, one around […]