The new offer is well below that of its closest competition
Negotiations have been ongoing since May
Experts say other banks will mostly likely follow suit
Partnership will allow eligible homeowners to use equity in their properties to fund in-home care
It aims to help businesses manage their cashflow during these uncertain times
Mortgage deferral might not be an option for older homeowners dealing with the pandemic fallout, says bank
Funds could be better used to support job-rich sections of the economy, says group
Low mortgage rates have played a role in the current market heat
The decision comes ahead of the Reserve Bank’s plan to reinstate LVR restrictions in 2021