Mortgage advisers say borrowers should be aware of and understand mortgage affordability “test rates” rather than being kept in the dark.
A non-major has raised its industry leading low rate for one year fixed home loans above four per cent.
The insurance sector has called on the government for more transparency in commission and incentive related disclosure to clients but a mortgage adviser says this is needed in the loan writing sector too
Other banks must follow if they don't want to fall foul of regulators, says union
Mortgage industry overhaul is long overdue, says expert
The regulator sets out its priorities for the coming year