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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