In the last 3 weeks, we have had 3 buyers who have not had as smooth a process of gaining finance approval as they were expecting. Each of them has owned properties previously and had previous mortgages on those properties with flawless payment history's. However, with the banking royal commission, the banks have tightened up their lending criteria and these buyers are having to jump more hurdles then they have ever had to in the past. When applying for finance, I highly recommend that buyers ALWAYS apply through a mortgage broker then directly to a bank.

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