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First home buyers flee big cities
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Millennial homebuyers lead the shift away from city-centres
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More clients look to lock fixed rates than 2020
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More borrowers are eager to lock in fixed interest rates than this time last year amid record-low interest rates, according to HashChing.
A broker survey by mortgage broking platform HashChing has found that 84 per cent of respondents said that more customers are looking to have their fixed-term interest rates than this time last year.
The findings have been released during a period when the official cash rate is at record lows and lenders continue to offer low mortgage rates.
However, some lenders have been increasing their fixed rates due to higher funding costs for longer-dated loans and the need to manage pricing changes sustainably.
Majority of brokers believe rate is top attraction
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Most brokers said that clients seek their advice about optimal home loan interest rates, which could mount pressure on brokers to demonstrate their value if rates rise, according to HashChing.
A survey by mortgage broking platform HashChing has found that almost 60.0 per cent of brokers still see the interest rate they can provide to customers as the number one reason clients seek their advice.
Other reasons for clients seeing a broker include customer service and customer loans (11.0 per cent), and loan flexibility (3.9 per cent).
Furthermore, the survey of brokers in the HashChing network during June found that over half (55.0 per cent) of respondents felt that an interest rate rise was likely this year.
Case against contractor, PWD officials for felling trees
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The Forest Department has registered a case against a contractor and Public Works Department officials for felling nearly 50 huge trees under the cover of road widening works of the Udumbanchola-Rajakkad road.
According to Devikulam range officer Arun Maharaj, the PWD contractor had sought permission to fell 21 trees for road widening on the CHR (Cardamom Hill Reserve) stretch. The request was sent to the higher-ups in Thiruvananthapuram as special sanction was required.
Meanwhile, the contractor also sent a letter to the District Collector seeking permission to fell ten huge trees under the Disaster Management Act.
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