Advantedge and Pepper increase rates | Adelaide Bank drops rates | BMM launches new products
Advantedge and Pepper increase rates | Adelaide Bank drops rates | BMM launches new products
MPA Lender Update is your same-day product information service, bringing together updates from all lenders
RATES
Advantedge increases variable rates by 0.17% p.a. for new loans, effective12 November.
Pepper increases rates on their specialist and near prime products by 0.10% and prime product by 0.20% for new applications, effective 16 November.
Adelaide Bank drops their 3, 4 and 5 year investor fixed rates for Flexible Option Investor loans both Full Doc and Lo Doc. by 0.25%, effective 12 November.
PRODUCT
Better Mortgage Management has announced the launch of three new products for non-resident borrowers:
OS Premium
A Non-Resident variable interest full doc product with a fair rate (4.79%, Comp. Rate 5.15%), with standard Interest Only & Fixed rate options, and is available for investment refinance up to 80%.
OS Leo
A Non-Resident variable interest product open to PAYG or Self-Employed borrowers, with no Risk Fee or LMI required and Loan amounts up to $3,000,000, available as Full & Alt Doc. The Full Doc rate starts @ 5.39% (comp 6.12%) at <65% LVR. The Alt Doc Rate starts @ 6.39%(comp 7.17%) at <65% LVR.
OS Leo Commercial
A Non-Resident variable interest product available for personal or business/investment purposes on commercial & light industrial properties, with no Risk Fee or LMI required and maximum loan amounts up to $5,000,000. The OS Commercial starts @ 7.39% (comp 8.17%) at <70% LVR. Max LVR for this product is 70% & maximum loan amount is $5,000,000
POLICY
No changes today
COMMISSIONS
No changes today
You might have missed:
Today's Morning Briefing: NAB to boost lending to businesses
MPA Lender Update is your same-day product information service, bringing together updates from all lenders
RATES
Advantedge increases variable rates by 0.17% p.a. for new loans, effective12 November.
Pepper increases rates on their specialist and near prime products by 0.10% and prime product by 0.20% for new applications, effective 16 November.
Adelaide Bank drops their 3, 4 and 5 year investor fixed rates for Flexible Option Investor loans both Full Doc and Lo Doc. by 0.25%, effective 12 November.
PRODUCT
Better Mortgage Management has announced the launch of three new products for non-resident borrowers:
OS Premium
A Non-Resident variable interest full doc product with a fair rate (4.79%, Comp. Rate 5.15%), with standard Interest Only & Fixed rate options, and is available for investment refinance up to 80%.
OS Leo
A Non-Resident variable interest product open to PAYG or Self-Employed borrowers, with no Risk Fee or LMI required and Loan amounts up to $3,000,000, available as Full & Alt Doc. The Full Doc rate starts @ 5.39% (comp 6.12%) at <65% LVR. The Alt Doc Rate starts @ 6.39%(comp 7.17%) at <65% LVR.
OS Leo Commercial
A Non-Resident variable interest product available for personal or business/investment purposes on commercial & light industrial properties, with no Risk Fee or LMI required and maximum loan amounts up to $5,000,000. The OS Commercial starts @ 7.39% (comp 8.17%) at <70% LVR. Max LVR for this product is 70% & maximum loan amount is $5,000,000
POLICY
No changes today
COMMISSIONS
No changes today
You might have missed:
Today's Morning Briefing: NAB to boost lending to businesses
