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Westpac bushfire mortgage announcement 'should be applauded'

Sky News Australia logo Sky News Australia 13/01/2020 Sky News Australia
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The Courier-Mail’s Damien Tomlinson says Westpac “deserve credit” and should be "applauded” following the bank's announcement customers affected by the bushfire crisis will have their mortgages paid for an entire year.

The bank is escalating attempts to assist communities directly impacted by the bushfire emergency gripping the nation.

For customers who have lost their principal place of residence, Westpac will pay the mortgage repayments for one year, up to $1200 dollars per month.

The bank has also pledged a further $2.5 million dollars for bushfire emergency cash grants.

"It is an example of real assistance that actually matters to those people that have been affected," Mr Tomlinson told Sky News.

Fellow panellist, Sky News contributor Scott Emerson, said the announcement is a "welcomed move" by Westpac but questioned the technicalities of the offer once the 12-month period has finished.

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