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Showing posts from February, 2022

Do Australian banks discriminate the Pensioner or are they Ignorant of foreign Pension

  My recent experience with two of the Australian banks indicates that they both either discriminate the pensioner and or are ignorant of what a foreign pension income really is.   This applies to two of Australia’s big four banks Commonwealth Bank and the ANZ Banks. Since I banked with the ANZ bank for over 30 year I will discuss the issue with regards this bank but it equally applies to the other bank. I had recently applied for a home loan for X K dollars for the purchase of a house to the value of 2x K dollars.   For the first time I used the help of a broker, I am not sure whether this was a mistake.   The reason that I even applied for a loan was because of Brexit the GPB had lost its value against the AUD and I needed time to rearrange my finances.   1.       Both my wife and I are UK pensioners we each have three UK pensions. a.       A works pension from the NHS. b.     ...