Lender cuts fixed rates by up to 60bps

by Julia Corderoy12 Jul 2016
Wholesale funder Advantedge has announced fixed rate reductions, introducing four fixed rate terms under 4%.

Effective this week, loans with a fixed rate term of four years have been cut by 60 basis points, one and three-year fixed rate loans have been cut by 15 basis points and the two-year fixed rate loan has been trimmed by 4 basis points.

Advantedge general manager, Brett Halliwell, said the move reinforced the lender’s commitment to equip aggregators and brokers with competitive products to “stand out” in the heated home loan market.

“With four fixed rate terms under 4%, Advantedge is clearly delivering sharp-rates to our aggregator and broker partners. 

“Our white-label products have always been simple, high-value and flexible – and these offers further demonstrate our competitiveness.”