Lender offering free standard valuations

by 15 Nov 2013

Homeloans Ltd says it’s now covering the cost of one standard valuation up to $300 per application on its Homeloans Ultra product range.

“We stand by what we say and introduce changes that will benefit both brokers and customers,” says Greg Mitchell, Homeloans’ general manager sales.

“We have a constant focus on the attitudes, beliefs and behaviours of brokers and borrowers and regularly conduct in-depth market research and surveys, which enables us to adjust and enhance our offerings – and covering the valuation cost is just one example.”

Homeloans recently cut the variable rates of its Homeloans Ultra products, reducing them by eight basis points and a further 10 basis points on loans greater than $500,000. Homeloans Ultra variable rates now start from 4.79%p.a. (comparison rate 5.12%p.a.).

“This is all great news for Homeloans accredited brokers, and shows that we’re committed to enhancing the experience of dealing with Homeloans,” says Mitchell.

“We continue to improve our product and service proposition and thus provide an agile, customer-focused solution to the major banks for brokers and consumers.”