Commonwealth Bank explains investor changes

Australia’s largest mortgage lender, the Commonwealth Bank has explained changes to investor home loan rates and rules following media reports it is loosening lending criteria for investors. A CBA spokesperson said the bank has made changes to the interest rate and minimum balance on the CBA Extra Home Loan to bring it in line with similar home loan products in the market.

The changes have sparked claims from rivals that CBA is triggering a piece war between property investment lenders.

Source: Mortgage Business