When did NAB change it's lending policy to reflect APRAS direction?

Discussion in 'Property Finance' started by brisbane 04, 22nd Jun, 2015.

  1. brisbane 04

    brisbane 04 Member

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    bendigo, victoria
    Hi. To all those mortgage brokers out there when did NAB change their lending criteria (servicing and LVR) to meet APRAS guidelines? Have been told by my NAB branch manager today that it was April 13 and that's why a loan I went for in late April was declined due to the changes in servicing. Cheers
     
  2. Corey Batt

    Corey Batt Finance Broker

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    Adelaide, South Australia
    May 12 - sounds like someone might have been telling fibs.
     
  3. brisbane 04

    brisbane 04 Member

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    Location:
    bendigo, victoria
    Thanks Corey I thought this May be the case. A bank manager lying?:D