Better Choice Home Loans has announced significant rate reductions across its product suite.
The mortgage lender is rolling out new rates across residential, SMSF, and commercial lending – offering greater flexibility for non-traditional borrowers.
Effective June 5, rates on the Ultimate Prime Alt Doc range will be cut by up to 43 basis points, while SMSF loans will drop up to 30 basis points.
Additionally, the Gold Prime residential range received a 35-basis point reduction, effective May 30. On the same date, commercial lending rates were also lowered by 25 basis points for new business.
“These rate reductions are some of the most competitive on the market today,” said Allan Savins (pictured), director of Better Choice Home Loans. “We’re committed to helping brokers grow their business by delivering attractive pricing and more product choice for a wide range of borrowers.”
Better Choice is also set to enhance its Ultimate range with the addition of automated valuation models (AVMs) and desktop valuations – tools already available for its Prime/Gold products. These enhancements are expected to roll out in June.
“We know fast turnarounds are critical for brokers. By expanding our valuation types to include AVMs and desktops for our Ultimate range, we’re removing friction and helping deals progress faster,” Savins said.
Better Choice said the changes are part of its ongoing strategy to empower brokers with tools and products that make a difference.
“We’re committed to helping brokers grow their business... delivering attractive pricing and more product choice,” Savins said.
