Not All Banks The Same

20 Apr 2016

I caught up with Andrew McKay of Squirrel Mortgages yesterday and he mentioned that one of the main stream banks he deals with has just dramatically changed their servicing criteria for mortgage lending. He gave me an example of a family he is working with, who can now borrow $300,000 more than they could last week from their existing bank. For a lot of people that can be the difference between buying in Auckland or not. It could mean building a bigger house on a bigger site, or adding a pool etc etc.  

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