Non-major announces 'record-low' fixed rates

by Julia Corderoy29 Sep 2014
Non-major, Bankwest has announced “record-low” fixed rates for brokers across two of its popular home loan products.

Effective immediately, the two-year fixed rate has dropped 19 bps to 4.59% (comparison rate 5.34%) and the three-year fixed rate has dropped 10 bps 4.74% (comparison rate 5.35%) on the lender’s Complete Fixed Home Loan and Fixed Rate Home Loan products.

Bankwest Head of Retail Brokers, Ian Rakhit said the new rates reaffirm the bank’s ongoing support of the third party channel.

“This is our lowest fixed rate ever. I believe this is a truly outstanding offer, and when brokers consider they can be paid trail for all deals below 75% LVR in the first year, I am confident they will acknowledge that this further reinforces why Bankwest are great to do business with.”

These new rates will be available to 90% LVR including LMI.



  • by John 29/09/2014 8:28:51 PM

    Why do FHOG'ers miss out on these low rates, most FHOG'ers need 97% LVR, seems unfair.

  • by Ed Ridge 30/09/2014 9:31:42 AM

    A low interest rate does NOT mean you support the broker market. Mr Rakhit you are tarred with the SPIN brush and we can all see it.

  • by Papery 30/09/2014 11:12:27 AM well as being smashed with a ridiculous LMI premium capitilised into the loan no less