This, as well as efforts by the Australian Prudential Regulation Authority (APRA) to slow growth to investment lending, have made it difficult for borrowers to get a home loan.
- Home Loans Australia
This crackdown is in place to reduce the likelihood of customers defaulting on their loans, but it’s also made it harder for people to secure a loan with the major banks.
This has pushed many towards a smaller or a non-bank lender.
These boutique (or non-major) lenders have rushed to fill the value-gap left by the big banks, and they’ve…