As restrictions around the country are easing we cautiously optimistic that business will return to a more normal state of affairs. Though for the time being we are still preferring video meetings at this stage. Travel restrictions are also forcing this.
Many of the banks have historically low fixed rates and high cash incentives to switch banks. As the market for new customers shrinks I expect the banks will be more aggressive with these offers in order to gain new customers that will stay with the bank in the medium term. The 3 year rates offered are quite impressive !!
Many bank policies are changing currently and some of the lenders have been more affected then others. With some service levels blowing out to more than 20 business days to review an application. So if doing a purchase it might be best to avoid some lenders.
Staff safe and have a great weekend
