Powered by MOMENTUM MEDIA
subscribe to our newsletter
Auswide cuts rates for investors

Auswide cuts rates for investors

Auswide Bank has announced rate reductions for some of its investor home loan products.

The non-major bank reduced its two-year fixed rate by 25 basis points to 4.19 per cent, and its three-year fixed rate by 20 basis points to 4.19 per cent.

Auswide has also introduced a new discount variable rate of 4.29 per cent for loans used to purchase, construct or refinance homes for investment purposes.

Advertisement
Advertisement

The rates apply to new investment home loans of $150,000 or more with a maximum LVR of 90 per cent for approved applicants.

Auswide managing director Martin Barrett said the bank’s investment loans include a 100 per cent offset account and online redraw facility, “even on these low fixed rates”.

Auswide cuts rates for investors
mortgagebusiness

 

Latest News

Westpac and the Commonwealth Bank’s share of the third-party mortgage market has spiked, in contrast to sharp declines from NAB and ANZ, t...

A non-major lender has dropped its fixed mortgage rates, becoming the fourth lender to reprice its offerings over the past two weeks.   ...

The interest lenders earn on mortgages is expected to remain under pressure this year and next, according to Moody’s. ...

FROM THE WEB
podcast

LATEST PODCAST: What drops in fixed rates may mean for the mortgage market

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