Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Don't hold your breath on out-of-cycle cuts, says lender

Notify me of new replies via email
Australian Broker | 22 Feb 2013, 08:00 AM Agree 0
Industry heads are lauding three independent lenders who've opted to drop variable rates out-of-cycle this week - but one of those very lenders says it's no big deal
  • PeterT | 22 Feb 2013, 11:08 AM Agree 0
    Hutchison needs to think a bit harder about his statements. Most lenders have offered out of cycle decreases via discounts on offer, they just haven't dropped their standard variable rates. I will grant him though, that he only really talks about SVRs because it makes his sponsors look better than they are.
    The rate drops he's talking about are nothing special either. These lenders are just falling in line with what everyone else has been offering for over 12 months now.
Post a reply