Cheaper Interest Rates for Owner Occuiper Purchases
Owner-occupiers may get cheaper loans than investors due to APRA cap
Article in todays SMH looking at the changing landscape for Investor Loans compared to Home Loans for owner occupiers.
Facing new rules on lending to investors, banks are set to fight hard for borrowers who intend to live in the home they are borrowing against and that could mean bigger interest rate discounts for these customers.
We have already seeing the start of this with NAB passing along a smaller rate cut after last weeks RBA announcement for investor loans than for owner occupiers. Given the pressure that the Regulators, APRA and ASIC, have been placing on the banks over the last year to reduce their exposure to investor lending this is likely to be that start of the trend and we will likely see more banks starting differenterate more between investors and owner occupiers with their interest rate pricing.
