With inflation and interest rates on the rise, lenders are increasingly scrutinising expenses such as home ownership when assessing borrower risks, reducing access to credit for many consumers and small businesses. Home ownership has traditionally been seen as the great Australian dream and has traditionally be seen as a positive when underwriting unsecured consumer or small business credit. However, the risk off mentality in the current economic environment of rising inflation and rising interest rates is having a marked impact on a lenders view of risk and specifically how home ownership should be considered in a risk assessment. Until recently […]
