The big lending change coming next week (and how you might be able to avoid it)

Jack Needham
Updated November 1 2021 - 1:25pm, first published October 29 2021 - 10:10am
A more stringent buffer test for mortgage applications could make it more difficult for some borrowers to secure a loan. Picture: Shutterstock
A more stringent buffer test for mortgage applications could make it more difficult for some borrowers to secure a loan. Picture: Shutterstock

New lending standards imposed by the prudential regulator mean that it might be more difficult for some house hunters to qualify for a home loan come November 1, though one expert says there are still ways to work around the changes.

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Jack Needham

Jack Needham

Property News Editor

Jack has been writing about real estate since 2015, covering residential and commercial property markets throughout Australia for the likes of Smart Property Investment and Domain. He has also spent time in the United States researching real estate trends, with a focus on housing affordability issues, for the California Association of Realtors.

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