Mortgage Broker Cashback 0.3% for Purchase/Refinance + Variable Rates Starting 5.99% (CR 6.01%) @ Lending Workshop

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Mortgage Broker Cashback 0.3% for Purchase/Refinance + Variable Rates Starting 5.99% (CR 6.01%) @ Lending Workshop
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AssociatedLendingWorkshop on 29/02/2024 - 09:34 lendingworkshop.com.au (173 clicks)
Last edited 12/04/2024 - 12:19 by 1 other user

Hello Ozbargainers,

Thank you so much for your support so far.

I am offering a broker cashback back of 0.3% of loan amount. This is over and above any cashback offered by Bank/Lender.

Cashback of 0.15% of the loan amount paid into your nominated account after completion of 13 months. If the loan is not paid off and is still active.
Cashback of 0.15% of the loan amount paid into your nominated account after completion of 25 months. If the loan is not paid off and is still active.
Loan amount will be based on bank/lender's commission calculation method. That is net off redraw and offset.

Please refer to this link for broker cashback terms and conditions.

Combined with broker cashback the effective variable rates start at 5.84%(CR 5.86%) for the first 2 years. I have also been able to negotiate with banks and get fees waived in some cases. Rest assured that I will try my best to get you as much savings as possible.

You can combine broker cashback offer with most of the popular bank deals published on Ozbargain. Some of the hot offers are mentioned below. I have access to 40+ banks on my panel.

The easiest way to reach out, is to book an obligation-free appointment in my calendar.

  • BoQ $2K refinance cashback. Fixed Rates starting 5.79%(CR 6.39%) fixed for 2 years. Principal and Interest OO Loan.
  • St George/Bank SA offering $2K cashback for refinances. Negotiated variable rates starting 6.02%.
  • ME Bank, up to $3K refinance cashback per property. Rates are not that competitive. Might work out better for investors due to combo pricing and multiple cashbacks.
  • ANZ $2K Refinance cashback. OR $3K cashback for first home buyers/builders. They got rid of package, so fee free loans.
  • Heritage Bank variable rates starting 5.99%(CR 6.01%) for OO P&I.

General Advice Warning-. The information contained on this web page is general in nature and does not take into account your personal situation. Please contact me for a tailored solution, comparing 40+ banks/lenders.

Regards,
Roopali
Director | Mortgage Broker
Lending Workshop
Credit Representative Number 544854| Australian Credit License Number 391237| ABN 98 663 429 598|Certified FBAA Member M-353524.

Email [email protected]
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Comments

  • erd on 29/02/2024 - 09:43

    When you say “over and above”, I am guessing you trying to say “in addition to” and not “better than”. Please clarify, thanks.

    • AssociatedLendingWorkshop @ Lending Workshop on 29/02/2024 - 21:40

      You are right. I meant "in addition to". Thank you for correcting.

  • cocomelon on 29/02/2024 - 09:44

    heritage bank no longer offer $3k Cashback? what is the rates for IP/IO?

    • AssociatedLendingWorkshop @ Lending Workshop on 29/02/2024 - 21:46

      No Heritage is not offering the 3K cashback anymore. BoQ might work out better but need to know more details before I can recommend something. Is it refi or purchase or construction? LVR? Loan Amount? Is it only Inv loan or accompanied by OO. Feel free to reach out and I can recommend something.

  • suku1809 on 29/02/2024 - 09:58

    Any offers for construction loans?

    • AssociatedLendingWorkshop @ Lending Workshop on 29/02/2024 - 21:48

      hi @suku1809, thanks for raising this. I should have mentioned about construction loans too. I am offering the same broker cashback for construction loans too. So feel free to reach out if you are looking to take advantage of this deal. Also, rates will depend on property type and other factors etc but can make a recommendation. If you like it you go ahead or we stop it there.

      • suku1809 on 01/03/2024 - 10:54

        Thanks, I have sent you a message.

  • Loki556 on 29/02/2024 - 10:05
    +2

    What’s the best going OO P&I rate with offset?

    • AssociatedLendingWorkshop @ Lending Workshop on 29/02/2024 - 21:53

      I am assuming you are after variable rate only. Because some banks do allow offset with fixed rates too.

      Got 6.00% from BoM just today. Negotiated rate with a package($395/year fee). They are offering 6.05% upto 70% LVR normally. Depending on loan amount, LVR, purchase/refi/construction etc. The recommendation could change.

  • Bdawg on 29/02/2024 - 12:28

    Bugger, I just applied for newcastle permanent with 6.08% comparison rate and $3k cashback.

  • cocomelon on 03/03/2024 - 11:12

    Do you do greater bank? It offer $3K

    • AssociatedLendingWorkshop @ Lending Workshop on 06/03/2024 - 12:14

      hi @cocomelon, I do not have access to greater bank and I believe no broker does. They don't deal with mortgage brokers.

  • sigplay on 06/03/2024 - 10:03

    Can you please share the variable rates (principal & interest, owner occupied) for St George, ANZ and BOQ if at 80% LVR? Thanks!

    • AssociatedLendingWorkshop @ Lending Workshop on 06/03/2024 - 12:23

      hi @sigplay, I am assuming you are asking for refinance and not purchase. Also, want offset option. Need to know the loan amount to find negotiated rates and I wouldn't recommend putting that info in open forums.

      St George will be 6.17%(CR 6.51%) the package option. BoQ probably higher. ANZ need to request a rate based on individuals details.

      The above is before broker cashback. So after broker cashback. Looking at approx 6.02% for first 2 years.

      For BoQ even if they are a bit cheaper(which I doubt they will be in this case) I would suggest going either St George or ANZ for ease of experience.

      Happy to do the numbers and find out the exact $ figure among these 3 if you are keen. Feel free to book an obligation free appointment or call me and we can discuss.

  • The One Demon on 21/03/2024 - 11:30

    Do you have chargeback if you change home loan provider within x years?

    • AssociatedLendingWorkshop @ Lending Workshop on 21/03/2024 - 13:27

      Yes, as a mortgage broker there is clawback .

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