ANZ Bank on Thursday said it would no longer offer interest rate discounts to new property investor borrowers who did not also have an owner-occupied home loan with the bank.
More good news on housing from the AFR:
…An ANZ spokesman said the change in discounting, effective immediately, meant the bank would no longer offer discounts off its advertised rate, which is currently 5.38 per cent.
“For customers with Investor only lending, ANZ will only offer advertised rates with no discretionary pricing available,” the spokesman said. “For customers with existing owner occupier lending, ANZ will continue to offer discretionary pricing on their investor loans.”