• Banks are cracking down on customers who accept cash incentives when they take out a home loan – then switch their business to another bank.

Most banks offer sweeteners of a few thousand dollars to people who take out new loans, as a way to encourage new business.

But customers are being warned it is not without strings.


Edge Mortgages founder Glen McLeod said it was fair for banks to ask for their sweeteners back if customers left

Don't be shy! Have your say....