Group Lending Update-Resi Rera
Over the past couple of months you would have seen plenty of activity from the Group Lending (Resi) team. We have had some very sharp pricing consistently on offer for our flagship Flexi Options product with rates starting at 3.69% for Owner-Occupiers and 3.89% for Investors. Click attached link for more detail as this offer is still running.
We also shone the spotlight on one of our lesser known product ranges being the Renew - Restart range. This is a product range that covers lending scenarios from Prime into Specialist lending and fills an important and ever widening gap left by the mainstream lenders as their credit policies tighten. If you are not already aware of the range, now is the time to get familiar with this alternative funding line.
We are particularly pleased to be able to announce a new special offer on the Renew range, specifically the Renew Near Prime product range. For new applications from now through to 5th July 2018 we are pleased to announce a new $0 upfront fee promotion. The following fees will be waived on the Renew-Near Prime loans (excluding construction loans):
- Establishment Fee
- Title Protection Fee
- Legal Fees
This compliments our pricing approach to only charge Mortgage Risk Fees on higher LVR loans to create one of the least expensive Specialist lending solutions in the market place. Refer to the attached pricing sheet for details.
Finally last week you may have seen an announcement regarding the rebrand of Group Lending back to Resi Home Loans. Next week we will provide you with a comprehensive account of what to expect and when.
Naturally if you have any questions in the meantime, please don't hesitate to contact the team: