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Banks ask borrowers increasingly tough questions
Nine To Noon
English - April 27, 2020 21:44 - 8 minutes - 7.47 MB - ★★★★★ - 8 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Tools up: Construction starts under Level 3
The largest mortgage broking business in the country says banks are asking borrowers tougher questions, requiring much more detailed information and in some cases, refusing loans because borrowers' jobs or incomes are uncertain. Loanmarket has 140 mortgage broking franchises around the country and last year wrote $18 billion in mortgages. Kathryn talks with Director Bruce Patten and Chief Executive of the Real Estate Institute, Bindi Norwell.