Wholesaler discounts white label products

by Julia Corderoy06 Nov 2014
Advantedge Financial Services has announced discounted rates on all new full-doc variable rate home loans with an LVR of 80% or less and a loan value of over $200,000.

The new variable rates start from 4.63% for loans with a value of $500,000 or more. All other loans over $200,000 with an LVR of 80% or less have been trimmed by 10 bps, although the lender has not published what these rates are.

The offer is open to new customers through PLAN Lending, ChoiceLend and FASTLend, as well as Advantedge white label products offered through its business partners.

Brett Halliwell, general manager of Advantedge Distribution, said the new pricing offer continued Advantedge’s commitment to offering high value to its white label partners.

“We are pleased to be able to reward our brokers with an even more competitive price point for variable rate loans, so they can continue to deliver a simple quality product that presents a better lending experience to clients,” he said.

The discounted rates have come off the back of growing demand for the Advantedge suite of white label products, according to Halliwell, and he expects demand to continue to grow over the coming year.

“Our white label offering is continuing to resonate with brokers because of its simple features and great value,” he said. “We expect sustained growth in volumes over the coming year and will continue to pass on the benefits of that growth by rewarding our broker partners with special pricing offers.”