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In the news: Changes to lending rules ‘set to empower borrowers’

Cutting the present “one-size-fits-all” rules governing home loans will free up home borrowing, empower first homebuyers and help Australia on the road to recovery, according to non-bank lender Bluestone.

Bluestone’s chief customer officer James Angus says that under the present regime lenders are forced to factor in an effective doubling of interest rates, as well as taking an at times unrealistic look at borrowers’ expenses before they can consider writing a loan.

Read on in the Australian Financial Review to learn more about how regulatory changes could affect your chance to secure a loan.

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