Westpac tightens criteria for self-employed property borrowers
Duncan HughesReporter
Westpac Group, the nation's second-largest mortgage lender, is planning a major overhaul of lending to the self-employed, including a review of income, expenses and superannuation.
The changes, which are expected to be introduced early next month, come as banks and regulators attempt to balance tighter prudential controls with loosening credit to boost the residential market.
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