Our first product updates round up of October also features non-major promotions and a non-conforming offer
Our first product updates round up of October also features non-major promotions and a non-conforming offer
1. NAB Broker re-introduces first year trail
Originally announced in June, from October the bank will pay 0.15% first year trail, which increases by five basis points a year to a maximum of 0.30% from the fifth year onwards.
2. Suncorp offers 15bps extra upfront commission
Total upfront commission is now 0.80%. The non-major also offers a 130 bps discount on variable loans in their Home Package Plus (now 4.69%) and a fee waiver (currently $375 p.a.)
3. Citibank lowers variable rate to 4.78% p.a.
The 35pbs drop also includes a first-year fee waiver (usually $350). Minimum $500,000 loan value, max 90% LVR.
4. Bluestone removes application fee
From this month the non-conforming lender will no longer charge an application fee, and accepts other lenders; application forms.
Lenders - make sure your products make it onto this list by emailing the editor. Brokers - MPA 30 seconds is a product round-up which will save you time, whilst providing vital business intelligence, every Friday.
1. NAB Broker re-introduces first year trail
Originally announced in June, from October the bank will pay 0.15% first year trail, which increases by five basis points a year to a maximum of 0.30% from the fifth year onwards.
2. Suncorp offers 15bps extra upfront commission
Total upfront commission is now 0.80%. The non-major also offers a 130 bps discount on variable loans in their Home Package Plus (now 4.69%) and a fee waiver (currently $375 p.a.)
3. Citibank lowers variable rate to 4.78% p.a.
The 35pbs drop also includes a first-year fee waiver (usually $350). Minimum $500,000 loan value, max 90% LVR.
4. Bluestone removes application fee
From this month the non-conforming lender will no longer charge an application fee, and accepts other lenders; application forms.
Lenders - make sure your products make it onto this list by emailing the editor. Brokers - MPA 30 seconds is a product round-up which will save you time, whilst providing vital business intelligence, every Friday.
