Powered by MOMENTUM MEDIA
subscribe to our newsletter
Advantedge lifts variable rates

Advantedge lifts variable rates

The NAB-owned funder has today announced it will increase the interest rate on all new and existing variable rate interest only home loans.

Advantedge has revealed that its variable rates on interest-only loans will increase by 35 basis points, effective Tuesday, 8 August 2017.

Also, from today, the interest rate on all new fixed rate interest-only home loans has increased by 0.35 per cent p.a.

Advertisement
Advertisement

These changes apply to both owner-occupier and residential investor home loans, across all of Advantedge’s white-label partners.

Brett Halliwell, general manager of Advantedge, said these changes will ensure Advantedge complies with regulatory requirements, including managing interest-only lending for residential mortgages.

“Our products are highly competitive and delivered with exceptional service,” Mr Halliwell said.

“Advantedge is focused on ensuring a positive customer and broker experience, and we continue to offer highly competitive variable rate special offers for new principal and interest lending.”

Currently, Advantedge is offering a special 3.74 per cent p.a. principal and interest variable rate for new owner-occupier borrowers, and 4.24 per cent p.a. for new principal and interest investor borrowers. Eligibility criteria apply.

“We encourage all brokers to discuss with customers whether a principal and interest home loan may be more suitable for them,” Mr Halliwell said.

Advantedge lifts variable rates
mortgagebusiness

 

Latest News

A multinational non-bank lender has commenced operation in Australia in a bid to disrupt the domestic market as it seeks to service unmet de...

Expected monetary policy adjustments in overseas markets could make it easier for banks to pass on cuts to the cash rate from the RBA, accor...

Michael Andrew, a renowned tax and business leader, has passed away. ...

FROM THE WEB
podcast

LATEST PODCAST: Broker share and Westpac U-turn

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.