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By Lewis Jackson and Byron Kaye
SYDNEY (Reuters) - Two of Australia's top banks have quietly relaxed some home lending standards, banking and mortgage-broking sources said, despite authorities urging prudence in recent months amid a falling real estate market.
The banks are now less conservative in counting expected rental income when assessing loan applications, said the four sources.
The changes boost borrowing power for those applicants with big rental incomes, who are typically seeking in...
>>> Read more: Exclusive-Australian banks ease mortgage norms as property market cools
SYDNEY (Reuters) - Two of Australia's top banks have quietly relaxed some home lending standards, banking and mortgage-broking sources said, despite authorities urging prudence in recent months amid a falling real estate market.
The banks are now less conservative in counting expected rental income when assessing loan applications, said the four sources.
The changes boost borrowing power for those applicants with big rental incomes, who are typically seeking in...
>>> Read more: Exclusive-Australian banks ease mortgage norms as property market cools
