On the 1st of July 2011, the Federal Government brought in legislation that banned mortgage exit fees. The reform has created saving benefits for consumers, and has encouraged increased competition amongst banking institutions. However – are those who signed a mortgage agreement prior to t[...]
Posts Tagged ‘canstar cannex’
Mortgage Exit Fees No More
It’s cold comfort for those that are already firmly ensconced in their mortgages, but the banning of mortgage exit fees may make the banking sector more competitive. Today’s Belle Property Blog examines this recent development in the lending market. The change in legislation last month t[...]