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Risk of irresponsible lending grows as interest rates rise | The Business | ABC News

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There are concerns about the number of home loans being approved based on inaccurate information, as interest rates rise. The banking lobby group is now calling for access to the ATO's income data to verify applications. More than a third of mortgage applications contain false information according to a survey by UBS Evidence Lab. And borrowers who used mortgage brokers were more likely to submit inaccurate applications than those who applied directly through a bank. Elisabetta Di Nardo has been battling with ANZ for almost two years for lending her money she says was based on inaccurate information provided without her knowledge.
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Read more here: https://www.abc.net.au/news/2023-06-14/brt-anz-irresponsible-lending-dispute/102470044

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