Wholesale funder launches special P&I rates

The rate changes are also accompanied by a simplified pricing structure for owner occupiers and residential investors

Wholesale funder launches special P&I rates



Advantedge Financial Services has launched two variable rate special offers for new owner occupier and residential investor principal and interest loans as well as a simpler pricing structure for these products.

From today (31 May), the funder has brought in the following rates:
  • 3.74% per annum for new owner occupier P&I variable rate loans
  • 4.24% per annum for new residential investor P&I variable rate loans
These rates will be available for mortgages with a minimum loan amount of $200,000 and a maximum LVR of 80%.

This new offer reflects Advantedge’s commitment to offering sharp rates that brokers can give to clients, said general manager Brett Halliwell.

“Our white-label products are high quality and high value solutions and this new offer is yet another way Advantedge is proving its competitiveness to brokers.”

A simpler pricing structure for variable rate loans of $200,000 or more was also brought in today (31 May) across all loan purposes and repayment types.

“We pride ourselves on listening to broker feedback and implementing changes to make it easier for brokers to do business with us,” Halliwell said.

Advantedge will be further simplifying its pricing structure and rate cards to streamline the process for brokers, he added.

“This, along with our two new special rate offers, will enable better broker outcomes and more effective customer conversations.”

Related stories:

Major bank alters IO lending policy

Major bank cuts LVR on IO loans

Big four bank reopens to investor refinancing

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