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Builders Collapsing
ixed Price Building Contracts + cheap credit allowed for a flurry of activity. However, all that came to a screeching halt when key building materials such as steel and timber ran into supply issues and increased by more than 40 per cent in one year. Its no surprise then some building companies collapsed.
Cashback Offers
Great for customers, who would say no to that? But have the banks created a “Churn” beast that they dont actually know how to control because theyALLfear to lose market share to their competitors?
This also calls into question how much a loan actually costs the bank to set up? So why is Clawback in place?