Another big lender makes investor loan changes
2015-07-29
The lender is also set to increase variable rates on all existing investor property loans by 0.47 per cent per annum from September 7, 2015, in response to regulator guidelines to limit growth in investor property lending across the market to 10 per cent,.
All investor property loan applications that have been approved will be subject to the 0.47 per cent increase on settlement.
“We appreciate the position this puts our customers in and will be working with our distribution network to actively communicate with them,” AMP Bank managing director Michael Lawrence says, adding that the lending facility remains committed to helping Australians own their homes.
"Australia's property market is experiencing high levels of investor property lending growth and we are supportive of the regulator's intention to slow this growth to appropriate levels," he says.
Source：http://www.apimagazine.com.au/api-online/news/2015/07/another-big-lender-makes-investor-loan-changes
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