Step into the future with Vownet

The announcement that created the most buzz at the conference was the launch of Vownet - a cutting-edge lending platform to replace Symmetry. Scott Graham, Chief Commercial Officer, told delegates why we are making the change and how Vownet will boost efficiency.

Scott also went through the key features of the CRM, outlining the way it makes loan management, marketing and compliance easier and faster. Click here to see highlights from the presentation.

To ensure everyone has a chance to hear more about the Vownet transition, we will be running a series of webinars. Stay tuned for more details.

Vow Professional is live!

Our new e-learning platform is up and running. Vow Professional is an interactive hub will provide bite-sized learning that helps you become a better broker and a better business person. From compliance through to marketing, it gives you the knowledge you need to succeed.

We're excited to share it with you and will be sending log-in details to you shortly. Be sure to keep an eye for them.

Bernard Salt: There's more to Australia's housing future than spendthrift millennials

Bernard Salt shared his insights into the demographic trends affecting the housing market. He's the man responsible for 'Smashed Avocado-gate', when he satirically called out millennials for eating this expensive breakfast delicacy, instead of saving for a home.

Beneath his entertaining delivery, however, Bernard had some important insights to share about the forces that will shape our nation for years to come. Click here to download the presentation.

New rates for Empower loans

We are pleased to be able to announce a series of rate changes to the Empower range of loans which we trust will increase their competitiveness for new borrowers.

These new rates will apply for all loans formally approved on or after Monday 16th October.

A summary of the changes is outlined below along with some of the highlights these changes deliver. For the fixed rate changes, the changes may take a day or two further to implement, so please be sure to refer to the Rate Card (attached) to double check any rates generated out of Symmetry.

Summary of changes:

Owner-Occupied Loans with Principal & Interest repayments.

Variable rates - No change

Fixed rates:

  • 3 year fixed rate reduced to 3.88%
  • New LVR tier introduced for fixed rates over 80%, priced 0.20% higher than those under 80% LVR.

Don't forget that all Empower Home Loans fixed rates come with a free rate lock and benefit from some of the lowest variable revert rates in the market!

Owner-Occupied Loans with Interest Only payments.

Variable rates:

  • Up to 70% LVR tier benefit from a reduction in rate of 0.20%

Fixed rates:

  • A new LVR tier has been introduced for LVR's under 70%. Within this tier, rates for 1, 2 and 3 year terms have been reduced to 4.29%.

Investment Loans with Principal & Interest repayments.

Variable rates:

  • Up to 70% LVR tier benefits from a reduction in rate of 0.15%.

Fixed rates - No change

This means a new investment P&I rate of 3.99% for loans up to a 70% LVR! One of the cheapest variable investment rates in the marketplace!

Investment Loans with Interest Only payments.

Variable rates:

  • Up to 70% LVR tier benefits from a reduction in rate of 0.15%.

Fixed rates:

  • up to 70% LVR tier introduced with lower 1, 2 and 3 year fixed rates all at 4.49%!

In a continually changing market, we trust these changes will help us to continue to deliver great value solutions to your clients.

PD Days - Save the Date

PD Days are an important opportunity to hear the latest news from regulators, lenders and the broader industry. You can also learn plenty from your peers in the network.

Don't miss your chance to connect with the Vow team, during our national roadshow.

Registration emails will be sent out next week, so keep an eye out for them in your inbox.

VIC - 30th Nov

QLD - 6th Dec

WA - 7th Dec

TAS - 8th Dec

NSW -13th Dec

Celebrating Vow's Altitude Award Winners

Vow Financial would like to congratulate the finalists and winners of the Altitude Awards, announced at the Gala Dinner in Port Douglas last week. It was the final part of a very successful conference.

The Altitude Awards are a recognition of the hard work, commitment and talent of our broker partners. They are an inspiration to others, and provide outstanding results for their clients.

Please join us in congratulating these stars of the network.

Sponsor BDM of the Year, ANZ

Winner: Kevin Skafte

Broker Partner of the Year - Rising Star

Region: Central Sydney, NSW

Winner: Mitch Boulden

Broker Partner of the Year - Rising Star

Region: Northern, NSW

Winner: James Aitchison

Broker Partner of the Year - Rising Star

Winner: Kirk Jackson

Broker Partner of the Year - Deal Volume

Winner: Citywide Lending

Indivual Broker Partner of the Year - Deal Volume

Winner: Venkat Kantipudi

Broker Partner of the Year - Settlement Volume

Winner: Citywide Lending

Indivual Broker Partner of the Year - Settlement Volume

Winner: Venkat Kantipudi

Indivual Broker Partner of the Year - Settlement Volume

Winner: Peter O'Reilly

Vow Financial Hall of Fame

Winner: John Martin

Broker of the Year (under 6 people)

Winner: Venkat Kantipudi

Broker of the Year (Over 6 people)

Winner: Citywide Lending

  • Broker Partner of the Year - Leasing Champion: Paul Evans
  • Broker Partner of the Year - Legal Champion: Steven Cangmah
  • Broker Partner of the Year - SMI Champion: Leigh Barker
  • Broker Partner of the Year - Rising Star, South West, NSW: Mike Li
  • Broker Partner of the Year - Rising Star: Brittany Clack