Couple blames $430,000 loss on Westpac’s ‘irresponsible lending’

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The couple, who have three children, have been forced to borrow from relatives to get by and sold their home to build a new property, but Westpac won’t release the funds because the home was.

A Queensland couple who lost more than $430,000 after buying two investment properties in Darwin and Mudgee blames Westpac Banking Corp for. the outcome of the corporate regulator’s responsible.

Westpac will defend federal court proceedings commenced by ASIC in relation to a number of home loans entered into between December 2011 and March 2015, including specific allegations made by ASIC regarding seven loans. The court action does not concern Westpac’s current lending policies or practices.

Couple blames $430,000 loss on Westpac’s ‘irresponsible lending’ afr.com A Queensland couple says they were forced to sell two investment properties at a loss because Westpac failed to check their home loan applications.

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Couple blames $430000 loss on Westpac’s ‘irresponsible lending’ May 27, 2019 Family The couple had applied for a home loan through a mortgage broker, who claimed they had living expenses of $3000 a month.

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