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Non-major reduces rates

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Julia Corderoy | 28 Aug 2015, 02:39 PM Agree 0
A non-major has reduced interest rates across variable and fixed home loans for new owner occupier customers
  • Barney | 28 Aug 2015, 02:51 PM Agree 0
    Haha. That's really funny! After a complete bail-out on investors as well as gouging all existing investors (please explain how price gouging existing clients reduces growth in new investor loans) - they NOW want brokers to support them?
    This is a joke right? Let the tumble-weeds tumble.....
  • The Observer | 28 Aug 2015, 02:55 PM Agree 0
    With AMP's recent abrupt halt of residential investment lending and ramping up rates by a whooping 0.47% pa for existing clients, AMP have created room to play.
    The result lower rates for owner occupiers.
    The non ADI lenders will see their market share because they will not be under APRA's focus.
    Its all good for brokers, were are here to navigate our clients.
  • sigh.... | 28 Aug 2015, 03:55 PM Agree 0
    Will need more than that, given recent events.... I don't think they are on many brokers list of options anymore.
    It set them back years.
    First to run with something, is usually the one remembered for it.
  • The Observer | 28 Aug 2015, 08:27 PM Agree 0
    With AMP's recent abrupt halt of residential investment lending and ramping up rates by a whooping 0.47% pa for existing clients, AMP have created room to play.
    The result lower rates for owner occupiers.
    The non ADI lenders will see their market share because they will not be under APRA's focus.
    Its all good for brokers, were are here to navigate our clients.
  • Harold Spencer | 29 Aug 2015, 12:30 PM Agree 0
    A non-major; unfortunately for AMP that is all they will ever be. So badly thought of in the broker space that their biggest introducer is their FP network. You know you're in trouble when!!!
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