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Aussie Treasurer threat over high mortgage exit fees

03 May 2008  |  2284 views  |  0

The Australian government is threatening  to enact new banking legislation to lower mortgage exit fees and make it easier for mortgagees to switch lenders. Australia has the worlds highest exit fees with some lenders charging $7500.

The government and consumer groups are seeking to encourage more competition in the market place. 

TagsRetail bankingWholesale banking

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