Appearing before the Senate Select Committee on Intergenerational Housing Inequity this month, MFAA chief executive Anja Pannek said friction in the lending process, not just affordability, is a barrier to home ownership.

“When someone can sustainably afford home ownership, unnecessary complexity, duplication, or inflexibility in the lending system should not prevent or delay them,” Pannek said.

The MFAA’s submission calls for:

• Reduced friction in accessing credit

• Simpler government home ownership schemes

• Improved housing mobility

• More flexible regulatory settings, including more forgiving serviceability buffers for borrowers refinancing to cheaper loans

Direct Credit Home Loans understands these challenges and is making the road to home ownership easier.

Our flexible lending criteria allow us to consider borrowers who may not fit traditional lending criteria, while fast assessment times can help you get an answer quickly in as little as 48 hours.

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