Powered by MOMENTUM MEDIA
subscribe to our newsletter

Heritage announces rate drop

The non-major lender has announced that it has reduced selected rates for new loans across its owner-occupier and investment range.
Heri
Advertisement
Advertisement

PROMOTED CONTENT


tage Bank has cut some of its variable rate home loan rates, with rates now starting from 2.54 per cent (effective as of Friday, 12 February).

The customer-owned bank has dropped its Discount Variable home loan interest rate to 2.54 per cent (2.59 per cent comparison) for eligible borrowers paying principal and interest on a new owner-occupier loan of $150,000 - $699,999 with a loan-to-value ratio equal to or less than 70 per cent.

Other rate reductions for new owner-occupier loans include:
  • Selected Discount Variable loans reduced by 0.09 per cent.
  • Selected Home Advantage Variable loans decreased by up to 0.19 per cent.
Selected investor rates have also dropped, with Discount Variable loan rates reduced by up to 0.14 per cent and Investor Home Advantage Variable loan rates cut by between 0.14 and 0.24 per cent. 
 
Investor Discount Variable rates now start from 2.84 per cent for eligible borrowers paying principal and interest on a new loan of $150,000 - $699,999 with a loan-to-value ratio equal to or less than 70 per cent.

Heritage CEO Peter Lock said: “We’re all about providing people with great value on home loans. These rate reductions reinforce our commitment to offering people access to excellent rates, as well as providing an outstanding customer experience.

“We’re thrilled to be making our home loan offering even more attractive for borrowers.”

[Related: Mutuals continue to see strong growth]
Heritage announces rate drop
Heritage announces rate drop
mortgagebusiness

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

Reporter

If you have any news, ideas or enquiries for Mortgage Business - please contact This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Latest News

The digital property settlements platform has appointed independent company directors to its board as it expects to begin trading on the ASX...

A report has called for a royal commission and the Reserve Bank to address soaring house prices, warning that the Australian property market...

Auction volumes were lower last week amid ongoing lockdown restrictions in Melbourne and a long weekend in several states and territories, a...

How long do you think it should take to discharge a mortgage?

Website Notifications

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