Time for banks to change servicing tests

Tuesday, January 14th 2020, 9:05AM

Advisers hope banks will change servicing tests this year.  [READ ON]

We'd be keen to get your thoughts on the low equity premiums which banks charge borrowers. There was an interesting piece elsewhere in the media essentially saying banks were creaming it with these fees and were not particularly good at removing them when a borrower's equity increased. I'd love to hear your thoughts. You can email them to philip@tmmonline.nz

« Small banks on FAPs; Your thoughts on low-equity feesNew home equity release player; What happened to PAA's $2 mill? »

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