One bank takes parental leave into consideration

Westpac has announced that new parents will now have their paid parental leave and return to work income recognised when they apply for a mortgage.

“Today’s announcement is a positive change that will benefit many current and future families,” said Westpac’s director of women’s markets Ainslie van Onselen.

“Recognising paid parental leave and back to work income is about creating financial choice, whether that be renovating, upgrading or buying a new property.”

Source: Mortgage Business