Wholesale lender offers special variable rates

by AB14 Feb 2018

Wholesale lender Advantedge has started offering special variable rates for new owner occupier and investor borrowers.  

Effective yesterday (13 February), brokers are able to offer their customers 3.69% p.a. (comparison rate 3.83% p.a.) on new owner occupier principal and interest variable rate lending, and 4.49% p.a. (comparison rate 4.63% p.a.) on new residential investor interest only variable rate lending.

The rates are only available for eligible new lending and for a limited time only.

When asked how long the offer will run, a spokesperson for Advantedge said that as with all of its products, the company regularly reviews its interest rates and makes changes from time to time.

A minimum new aggregate lending amount of $200,000 and a maximum aggregate LVR of 80% apply. 

Advantedge continues to offer its existing 3.99% p.a. (comparison rate 4.13% p.a.) special variable rate for residential investor principal and interest borrowers.

General manager Brett Halliwell said the new offers demonstrate the company’s continued commitment to deliver sharp rates for brokers to offer customers.

“We’re always looking for ways to enhance our products and services so we continue to deliver the straightforward and stress-free experience our Brokers and customers are looking for,” he said.

Halliwell said 40% of the company’s home loan documents are now sent and signed digitally since it introduced digital enhancements.

“We’re very proud to have maintained consistent turnaround times, within service levels, for over two years,” he said.

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