LATEST BROKER NEWS from Teachers Mutual Bank Limited

March 21st, 2023

Credit Update – HEM Q4 2022, Assessment Rate and Your Way Basic Variable updates

Effective Tuesday, 21 March 2023 the Bank has announced changes to its home loan application serviceability criteria;

• Minimum Benchmark Living Expenses updated to reflect Q4 2022 HEM figures
• An increase in our assessment rates for existing home loan obligations