APRA Scraps Home Loan Serviceability Buffer – What Does this Mean for Borrowers?

May 30, 2019 - by Fletcher Rowe - in Applications, Banking Royal Commission, First Home Owners, Home Loans, Interest, Investment, Mortgage Broker

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Fletcher Rowe | May 30 2019 Last week, the Australian Prudential Regulation Authority (APRA) announced a change to the serviceability buffers that all deposit-taking institutions are required to abide by when assessing a borrower’s ability to repay a home loan. The buffer, in place since 2014, is designed to ensure borrowers are able to continue

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Fighting for the Viability of the Mortgage Broking Channel

May 06, 2019 - by Fletcher Rowe - in Banking Royal Commission, Home Loans, Investment, Mortgage, Mortgage Broker, Property market

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Fletcher Rowe | May 6 2019 The Hayne Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry concluded on February 1st and was released to the public eye on February 4th. The report cast a scathing eye on the sector, noting systemic “unconscionable conduct” and an overriding culture of profit ahead of

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An Open Letter to The Hon Josh Frydenberg MP

February 06, 2019 - by IFA Mortgages - in Anthony O'Flynn, Banking Royal Commission, Mortgage, Mortgage Broker

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Dear Mr Frydenberg, I write to you in response to the findings of the Hayne Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, released to Treasury on 1st February 2019, and to the wider public and media on 4th February 2019. My response refers in particular to the findings relating to

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