Affordability Gap remains at record low

Data from the latest MBT Affordability Index has shown that the Affordability Gap, where no lender is able to meet the loan amount requested by a broker, remained at 16% in September.

This continues the lowest recorded level for the Affordability Gap and means there is a greater likelihood that brokers will be able to source a lender to meet the loan requirements of their clients than there was earlier in the year.

According to data analysis by MBT Affordability, the Affordability Gap peaked in February, when there were no lenders able to meet the loan amount requested by a broker on 21% of cases.

Source: financial reporter
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