Podcast: Play in new window | Download
Subscribe: RSS
It feels like this could be the beginning of the end for cashbacks!
In the past week there have been three lenders including a big-4 bank withdraw their offers.
My sense is that it will create an opening for smaller lenders to pick up market share again, and there’s no doubt it will reduce the popularity of refinancing.
I know a lot of bankers and brokers will welcome the developments. Less commission clawback, less churn!
For borrowers, hopefully it sees them make borrowing decisions with more sensible longer term considerations.
Enjoy the show!
—
The Long Property Show provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. Nothing in the Long Property Show constitutes legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
