Key issues: Home loan | Lenders mortgage insurance | Mortgage provider | Fee disclosure
I find that the consumers’ claims that:
a) the FSP has not supplied any documentation to support its policy that the requisite loan to value ratio (LVR) was 70%, and
b) the location of the security property should not be a determining factor as to whether a premium is payable
have not been established.
This Determination affirms the position set out in our Review dated 15 November 2016.