Providing an update on recent lender changes this last month and what the majority of my client base has been doing this past month.
Most of my clients are going to these 3 lenders at the moment:
St George - Still running a 4k rebate till the end of January. Hasnt been extended yet. owner occ 2.04% 2 year fix comp rate 3.41% reduced after a pricing request. Owner occ 2.54% basic no frills redraw product comp rate 2.56%. Investment 2 year fix 2.44% comp rate 3.93% reduced after a pricing request.
Citibank - 3k rebate 350k to 750k and 4k rebate for 750k + loans. Providing 30 basis points off headline variable rates for 350k+ balance and under 80% lvr from their quoted online rates through the citibank bdm pricing approval. This makes the majority of citibank variable rates in the top 3 best on market right now. Once you account for the refinance rebate its best on market. Has the lowest 2 year fixed rate on market for investment on P&I and IO. 2.29% comp rate 3.26% P&I and 2.49% io 2 year fix comp rate 3.53%. owner occupied 1.99% 2 year fix 2.97% comp rate.
Suncorp - 1.89% 2 year fix owner occupied comp rate 2.94% reduced after a pricing request. No rebate at the moment. It was expired on the 18th of december. Ive been told they are running another rebate at the start of February.
Broker Cashback $500 for balances between 250k and 650k net of offset & $1000 cashback for balance over 650k net of offset. Broker rebate paid post settlement normally 2 months post settlement.
My experience 7 years in commsec and cba on a margin lending desk and as in in house cba branch home lender. 4 years as a mortgage broker running my own company.
You can book an appointment straight into my calendar - https://calendly.com/adrianplayermortgagebroker/15min
Adrian Player | Director
Adrian Player is a credit representative (498364) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237).