A customer-owned bank has launched a new home loan offering that enables borrowers to access a discounted interest rate if their home meets certain environmental criteria.
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Non-major bank offers 85% LVR with no LMI By Annie Kane 11 May 2021
A digital lender has announced that it will only start charging lender’s mortgage insurance on loans of 86 per cent LVR and over.
UBank, the digital bank owned by National Australia Bank (NAB), has announced that it will offer eligible owner-occupiers a home loan without lender’s mortgage insurance (LMI) if they have a deposit of 15 per cent or more.
While LMI is usually required on loans where a borrower has a deposit of less than 20 per cent of the property value, UBank has said that it will now offer LMI-free loans for mortgages that cover 85 per cent of the property value.
Hot Property: The biggest property headlines from the week 26-30 April
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The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ended 30 April.
Welcome to The Adviser’s weekly round-up of the headline stories and news that are important not only for the real estate sector, but also for the state of property in Australia more broadly.
To compile this list, not only do we consider the week’s most-read stories and the news that matters to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
Gateway Bank is the first lender to offer Genworth’s monthly premium lenders mortgage insurance, giving borrowers the option of paying upfront or monthly.