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Lingering pandemic impacts weigh on borrowers refinance potential, says broker

In the face of persistent pandemic-related challenges and rigorous serviceability criteria, refinancing has become an increasingly arduous process for borrowers. While some lenders are beginning to a

SMEs struggling with delayed invoice payment hurdle: Moneytech

The non-bank business lender has identified slowed invoice payments as a major issue facing SMEs during the new financial year.  

1 in 4 SMEs declined for big bank finance: OnDeck

Two-thirds of SMEs think about the majors when it comes to sourcing business finance, but a quarter has been knocked back by them, according to the SME lender. Small business lender OnDeck Australi

Another major bank to introduce reduced buffers

A third big four bank is set to introduce a policy exception to enable certain refinancing borrowers to pass a lower threshold if they can’t service the 3 per cent buffer. National Australia Bank (

CBA to offer reduced serviceability buffer

A second big four bank has announced it will drop its serviceability buffer for qualifying refinancers, in a bid to help more mortgage prisoners .  

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