According to the Advisor, the ABC has reported that the Federal Government’s plans to abolish exit fees could have an adverse impact on first home buyers. While the Government is hopeful its blanket ban on exit fees will encourage consumers to switch loans and get a better deal, Treasury documents obtained by the ABC, show […]

In an article by Adam Smith from Australian Broker News he states that the Finance Brokers Association of Australia’s president Peter White has accused banks of dragging their feet in discharging loans. White told Australian Broker News that even following the 1st July ban on exit fees, banks will make it difficult for borrowers to […]