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Couple blames $430,000 loss on Westpac’s ‘irresponsible lending’

Couple blames $430,000 loss on Westpac’s ‘irresponsible lending’ by VictorVanguard in AusFinance [-] YaBoi_Westy 4 points 5 points 6 points 7 days ago (0 children) I take your point that the judge will not look favourably on this couple, it was gross negligence on their behalf at best, and at worst fraud.

Bank Reform Now. 14,359 likes 384 talking about this.. /couple-blames-430-000-loss-on-westpac. Couple blames $430,000 loss on Westpac’s ‘irresponsible lending’ A Queensland couple says they were forced to sell two investment properties at a loss because Westpac failed to check their.

Couple blames $430,000 loss on Westpac's 'irresponsible lending'. Headline should be 'Couple refuses to take responsibility for bad.

A Queensland couple who lost more than $430,000 after buying two investment properties in Darwin and Mudgee blames Westpac Banking.

Australian mortgage-holders have hit back against Westpac with a class. designed to protect consumers from irresponsible lending and the risk of. for losses and orders preventing Westpac from causing continued losses.

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'We lost everything': Couple breaks down in tears as they sue Westpac over claims the bank wrongly gave them a $1.8million loan. Westpac is.

Westpac has been accused of irresponsible lending in home loans it has issued since. We've lost everything. we've sold our family home.

Westpac will defend Federal Court proceedings commenced by ASIC in relation to a number of home loans entered into between December 2011 and March 2015, including specific allegations made by ASIC regarding seven loans. The court action does not concern Westpac’s current lending policies or practices.

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Australian mortgage and home loan news headlines and updates, product updates, tools. Couple blames $430000 loss on Westpac's 'irresponsible lending' .

Westpac approved $1.6 million in loans to Ian and Michelle Tate and. with irresponsible lending," Josh Mennen from Maurice Blackburn said.

Aussie families default on mortgage repayments after banks.. at the prospect they might lose everything because they claim westpac grossly.

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The lead claimants in the case would be a Queensland couple who. with plaintiff firm maurice Blackburn alleging irresponsible lending by the banking giant.. It says the actual and likely rental losses and other costs associated with the. and she blamed the bank for not verifying the information provided.