Residential properties are covered by the Consumer Credit Code...

  1. 2,950 Posts.
    lightbulb Created with Sketch. 34
    Residential properties are covered by the Consumer Credit Code and if a customer is meeting all the requirements they will not rock the boat. If the bank wants to foreclose they will need to make sure that they acted responsibly at stage one otherwise they will be in deep strife and can be sued.

    Investment properties do not fall within that code and its business as usual and any financial insto worth its salt will cover its arse.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.