As well as increasing interest rates, lenders are also reviewing their credit policies to ensure lending standards are maintained. This may mean you need to do more work and provide more documentation to obtain a loan approval.
With inflation under control and a moderating housing market, home buyers can expect a stable outlook with the possibility of a further rate interest rate cut.
"Lenders are being overly cautious with investment lending, where the property owner gets tax breaks, and over zealous with owner occupiers, where they get no tax breaks."
