Demand surges for non-conforming loans
Non-Conforming Loans in Australia Borrowers unable to secure credit due to stricter lending criteria being applied by traditional lenders since the outbreak of the coronavirus COVID-19 pandemic are turning to specialist lenders for assistance. Sydney-based mortgage brokerage Non-ConformingLoans.com.au said it has received a substantial increase in inquiry from rejected loan applicants due to the economic impact of the COVID-19 crisis. “Many borrowers are unable to obtain credit from traditional lenders due to the tightening of lending criteria in response [...]