To fix or not to fix, that is the question!
To Fix or not to fix, that is the question. Let’s chat about whether to fix or not fix your interest rate.
APRA increases servicing buffer
APRA increases the serviceability buffer lenders use when assessing a loan.
On 6th October 2021 APRA (Australian Prudential Regulatory Authority) announced changes to the serviceability buffer banks are to use when assessing a new loan. The buffer is to increase from 2.5% to 3% from the 1st of November 2021.