Bank cashback deals create tsunami of mortgage switches
Lender processing times have blown out as cashback offers prompt widespread switching by borrowers between banks.
The year is closing out in a mad rush for banks as cashback offers of 1.5% trigger a massive wave of refinancing, slowing turnaround times and frustrating applicants and mortgage advisers.
None of the major banks responded to NBR enquiry as to the extent of delays, but several mortgage lenders are
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