Coronavirus: Banks move to stem mortgage fallout

first_img Middle of the market set to lead post COVID-19 sales MORE: Is this Australia’s best house? Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:16Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:16 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenCameron Kusher’s update on COVID-19 and the market02:16 – Repayment relief for up to six months– Fees waived for restructuring a loan or consolidating loans– Temporarily convert to interest-only repayments Liberty – Defer loan repayments for up to six months, with a review after three months– No fees for existing home loan customers who switch from standard variable rate to fixed rate loan– A 0.50 per cent reduction to 2.25 per cent.in one, two and three-year Premier fixed rate home loans (for owner-occupiers paying principal and interest) AFG – Repayment deferrals for three months, with a three-month extension after review– Ability to switch to interest-only repayments– Get cashback (up to the value of your advance repayment minus the value of one-month repayment) St George Commonwealth Bank – Three-month deferral on repayments, with three-month extension after review– New fixed rate home loan of 2.29 per cent for one, two or three years for new owner-occupied lending (principal interest repayments with Advantage Package)– Redraw funds if ahead on repaymentsMore from newsCOVID-19 renovation boom: How much Aussies are spending to give their houses a facelift during the pandemic3 days agoWhizzkid buys almost one property a month during COVID-197 days ago– If loan is more than 12 months old, reduce repayments to the minimum required, or change frequency of repayments if you pay via direct debit Bankwest HSBC The beach house that looks like a superyachtcenter_img – Pause on home loan repayments for up to six months– Ability to change your home loan repayment amount if you are ahead on repayments– Lower interest rates (between 2.29-2.79 per cent) when you apply for a new fixed-rate Choice Package loan Banks are open to discussions now with anyone who has concerns over income loss impacting mortgages. Suncorp – Deferral on home loan repayments for six months, with a three-month check to see if further assistance is required NAB “The Government and financial institutions have introduced a range of relief measures to help Aussies under financial pressure, stay afloat during these difficult times.”She said the firm had created a COVID-19 FAQ Hub to cope with demand for information on how the pandemic could affect home loans, credit cards, insurance and a range of other household costs. HOME LOAN SUPPORT BANKS ARE OFFERING: – Six-month repayment deferrals– Complete Fixed Home Loan Package (for owner-occupiers paying principal and interest) reduced to three-year fixed rate of 2.33 per cent. (for both new and existing customers)– Redraw without incurring fees if extra repayments have been made – Home loan repayment deferrals for six months but interest and fees will be added.– One-time payment to offset any interest charged, depending on your balance and interest rate. Westpac Homeowners are rethinking ways to cope with job loss and potential job loss due to COVID-19 restrictions, with banks offering several options now for mortgage support.A new survey has found that almost half of Queenslanders have had their incomes cut or soon to be cut because of COVID-19, with concern for mortgages now. The Queensland figure (49 per cent) is higher than the national average (45 per cent), according to the results of the research released by financial comparison service comparethemarket.com.au. – A three-month deferral on mortgage repayments, with a three-month extension after review– Ability to redraw funds from your home loan if you’re ahead on repayments– Ability to switch to interest-only repayments ANZ It asked respondents if they were losing income because of social restrictions, and changes they would make to their finances as a result, including mortgage repayments.Homeowners are rethinking ways to cope with job loss and potential job loss due to COVID-19 restrictions, with banks offering several options now for mortgage support. The survey found that two in every five Queensland respondents (40 per cent) were concerned about meeting mortgage repayments for the rest of the year. The housing market can expect to see some fallout on mortgage repayments due to income loss in Brisbane and across the wider state. Picture: Liam Kidston.As well, 13 per cent said they or their partners had lost their jobs in the Sunshine State, and 7 per cent thought they or their partners were would do so.Almost one in five (19 per cent) of Queenslanders or their partners had also taken a pay cut during this period, while one in 10 believed a pay cut was looming.Among the measures being taken to cope were families freeing up cash by deferring loan or credit card repayments, accessing cash by withdrawing from their super, term deposits or life savings.Comparethemarket.com.au spokeswoman Abigail Koch said there were hundreds of thousands of Aussies “Hundreds of thousands of people are experiencing financial hardship at this time, with around six million workers expected to receive JobKeeper payments, while many others are uncertain about their financial security. “ – Ability to defer loan repayments– Fees waived for restructuring a loan– Credit card support-Financial institution FOLLOW SOPHIE FOSTER ON TWITTERlast_img read more

Police warn parents after NZ woman accused of selling cannabis edibles through social media

first_imgMr Pitkethley says a search warrant on Friday uncovered the production of a large quantity of cannabis infused butter and a significant quantity of cannabis infused products including gummy and jelly lollies, moulded chocolates, muffins, cookies and brownies. TVNZ One News 10 June 2020Family First Comment: Already an issue – and we haven’t even had the vote yet! Don’t open the floodgates. Vote NO.“Waikato Detective Inspector Graham Pitkethley says the method of selling via social media allows people of all ages, including children and young people, to easily purchase and obtain such products. “It’s equally important for parents and caregivers to be aware that young people are able to purchase these products via a range of social media platforms. The psychoactive effects from eating cannabis products will be widely variable depending on the individual. This would be extremely frightening to a person eating these products unknowingly.””Waikato police are warning Kiwi parents following a police sting which saw lollies, chocolates and baked goods infused with cannabis oil seized after being sold by a Hamilton woman through social media.Police say the 27-year-old was selling the goods online via Instagram and Facebook under the name Dolly’s Edibles. Waikato Detective Inspector Graham Pitkethley says the method of selling via social media allows people of all ages, including children and young people, to easily purchase and obtain such products.“It’s equally important for parents and caregivers to be aware that young people are able to purchase these products via a range of social media platforms,” he says.“The psychoactive effects from eating cannabis products will be widely variable depending on the individual. This would be extremely frightening to a person eating these products unknowingly.” Last week, police seized the products during a search warrant in Hamilton. The woman appeared in the Hamilton District Court today charged with a number of drug offences relating to production, supply and distribution. The woman has been remanded to reappear in court on 24 June 2020.https://www.tvnz.co.nz/one-news/new-zealand/police-warn-kiwi-parents-after-woman-accused-selling-cannabis-edibles-through-facebook-instagramKeep up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more

Tighter defence will be Jurgen Klopp’s first priority at Liverpool

first_img “You cannot just think about offensive things – up to now we have not scored enough goals but you have to feel stability,” added the former Borussia Dortmund boss. “When you feel this you are free for creativity and that is how football works. “A good example is the Aston Villa game (a 3-2 victory) where we scored a goal after two minutes and everything changed in that moment. “It is not the only way to get free in a game when you score a goal in the first few minutes. “Nil-nil is an absolutely normal score. You will find a way if you are patient enough to wait for the next situation and not think ‘This is like last week, last year’.” Klopp has wiped the slate clean with the players he inherited from Rodgers, giving everyone every chance to prove their worth to him as he moulds his side. “It is not so interesting what they did last week, two weeks ago,” he said. “It is more interesting for me what are they able to do on their best day. That is what I am looking for and how I try to make the starting line-up for Tottenham. “Now if nothing happens in the next training sessions I know how I want to play and we have to use these two sessions to understand a bit more. “But at the end it is only football. All these guys are able to play really good football – that is the reason they are here.” Press Association No clean sheets in the last eight matches proved particularly costly, especially when in five of the last six they had taken the lead. The limited amount of time Klopp has had to work with his players after their return from international duty – and the fact the last time Liverpool scored more than once in an away game was February – means he has concentrated primarily on making his team difficult to beat. “We have to be compact, close together in the game, and if you are always close enough with your players you always have options to help,” he said ahead of the trip to Tottenham for his first match in charge. “If you prepare for problems in the game and you are strong enough to handle this situation then you can stay in the game and win the game. “It is not the time to change many things – only to turn the screws a little bit in the right way and that is what we tried to do. “I expect to see that we have worked together, although not too often, and we can be very well organised after this short time.” Klopp intends to establish a defensive platform from which he can build a team playing in his preferred, high-tempo pressing and counter-attacking style. He also believes shutting the back door will help restore the players’ fragile confidence which has contributed to them throwing away leads and then losing their way in matches they had been dominating. Liverpool manager Jurgen Klopp identified defence as his priority but the untimely injury to striker Danny Ings has emphasised how much of a necessity it has become. The German’s attacking options have been reduced to Daniel Sturridge and the raw Divock Origi, who has not scored in his last 10 matches. Christian Benteke, the Reds’ £32.5million summer signing, is still at least a week away from recovering from a hamstring problem and Ings will be sidelined for a minimum of six months after a cruciate knee ligament injury. Ings, another summer arrival, is the club’s top scorer with three goals but the team as a whole have managed just 11 in 13 matches this season and that contributed to the demise of Klopp’s predecessor Brendan Rodgers, who throughout his three-year reign at Anfield never got to grips with a leaky defence. last_img read more