Has AMP Bank stopped lending to investors?
AMP Bank has responded to speculation that it is about to stop lending to property investors.
AMP Bank issued a statement saying it is reviewing its credit criteria for investment property lending. We expect to announce the outcome of this review this week.
Earlier this week media reports suggested AMP Bank would get out of the investor mortgage market completely and would increase rates on outstanding investor loans by 1.00 percentage points.
Source: Banking Day