Business warns of fallout from royal commission lending crunch

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Top business leaders have sounded warnings over the 'unintended' fallout from the banking royal commission, including a crunch on lending by nervous banks.

Source: News Formal (newsformal.com)

 

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I have already felt the fallout. I am 62 years old trying to get back into the property market. And have been denied finance by 3 lenders. I have the same credit report as my son who was approved. One lender admitted before the RC I would have been approved. What bullshit.

Pesky victims look what they have done.

So no problem with proper loan applications that qualify, but we need to open the floodgates again to RC highlited bad practice.Sounds like a bunch of trickledowners whinging again

no more negative gearing 50 properties.....bad times ahead

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