CHIEF Minister Katy Gallagher says five key banks have offered their support for Mr Fluffy homeowners.

Members Equity Bank, Beyond Bank, National Australia Bank, Commonwealth Bank and Teachers Mutual Bank are among the first banks to advise the ACT Government they will be providing a compassionate response to homeowners impacted by loose fill asbestos insulation.

“I approached major financial institutions last month asking for a compassionate and responsive approach to this difficult situation in the ACT and the owners of the 1021 homes affected,” Katy said.

The five banks’ approaches differ, with measures in place including flexible loan arrangements and fee waivers, but all banks are putting in place Mr Fluffy relationship managers to offer special support to homeowners. The Asbestos Response Taskforce will next week provide homeowners with a formal letter outlining the buyback conditions and their eligibility that they can present to their bank.