Westpac has offered to redeem mortgages for customers who lost their homes in the bushfires this season for a year.
Acting Big Four Bank chief Peter King announced today that the Australians continue to be affected by the ongoing bushfire crisis.
Customers who have mortgaged through Westpac will receive repayments of up to $ 1200 per month over a one-year period.
“These initiatives are designed to provide practical on-site support to our customers, employees and those who care for affected communities,” said a statement to news.com.au.
“In times of unprecedented devastation, we want customers and communities to know we are here to address financial concerns and rebuild their lives, homes, and businesses,” said King.
The initiative complements what Westpac is already doing and offers emergency grants of up to $ 2,000 to customers whose homes have been destroyed or damaged by the forest fires.
The announcement comes when cooler temperatures and rain helped slow the runaway fires in Victoria and NSW.
Fire experts were escorted to the cut-off city of Mallacoota by the military when Victoria calculated the cost of the devastating flames.
The convoy of defense vehicles traveled from Orbost to Mallacoota in East Gippsland on Monday, although the road was still closed to normal traffic due to bushfire damage.
The convoy contained experts from the Metropolitan Fire Brigade, who were to assess the extent of damage to buildings and infrastructure.
Elsewhere in Victoria, communities along the Monaro Highway were urged to act “immediately” when an out of control fire hit the road near Kates Creek.
NSW firefighters and weather forecasters are cautious of the much-needed rain forecast for the state this week.
Rain is expected in much of the state from Tuesday, including fires in the Snowy Mountains, southwest of Sydney, and in the regions on the south coast.
However, the NSW Rural Fire Service warned that much of the rain would be accompanied by thunderstorms, falls could be inconsistent, and there was no guarantee that they would extinguish the 105 fires that burned across the state on Monday evening.
The Bureau of Meteorology said it was difficult to predict exactly how much rain would fall because the downpours would be mixed.
– with AAP
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