AMP raises variable mortgage rates

By James Mitchell

02 November 2015 |

Share this article

AMP Bank has announced it will increase its variable home loan rates.

You’re out of free articles for this month

To continue reading the rest of this article, please log in.

Create free account to get unlimited news articles and more!

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Mortgage Business. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

The bank said in a statement that it will increase rates on variable owner-occupied loans by 0.18 per cent.

In addition, the bank announced that the bonus rate on the AMP Saver account for new accounts will be increased by 0.20 per cent to 3.05 per cent per annum.

AMP said it remains committed to recommencing investor property lending in 2015.

All interest rate changes are effective from 20 November.

Share this article

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!