Smaller lenders move to restrict investor lending

Smaller lenders are following the big banks and limiting their rate discounts and loan deals for property investors.

Aussie Home Loans, Ubank, iMortgage, eMoney, Firstmac, Homeloans and Yellow Brick Road all made changes to loan application requirements in June 2015.

The changes are in response to bank regulator demands to restrict risky lending to property investors.

Source: Banking Day