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ANZ raises landlord mortgage rate amid regulatory crackdown

Published Thu, Jul 23, 2015 · 09:50 PM
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Sydney

AUSTRALIA & New Zealand Banking Group Ltd (ANZ) is raising the mortgage rate for landlords, the first major Australian lender to do so amid a regulatory crackdown to temper soaring home prices. The country's fourth largest mortgage lender will increase its variable rate by 27 basis points to 5.65 per cent and fixed rate by 30 basis points from Aug 10, it said in a statement on Thursday. This…

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