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Australian banks cut back on mortgage discounts for landlords

NPRA in December urged lenders to limit mortgage growth to investors to 10 per cent annually

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Published Thu, May 21, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Sydney

    AUSTRALIAN banks are scaling back discounts offered on mortgages to landlords amid a regulatory crackdown aimed at cooling the housing market.

    Australia & New Zealand Banking Group Ltd (ANZ Bank) said on Thursday that it will only offer advertised rates on mortgages to investors, while National Australia Bank Ltd said that it was reducing discounts.

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