Get notifications in real-time for staying up to date with content that matters to you.
Mortgage originator Collins Securities has launched a 95 per cent LVR product with 5 per cent non genuine savings.
According to Collins the product will help buoy the higher LVR sector as major banks scale back their exposure to this segment of the market.
The new product has no deferred establishment fee (DEF) or early repayment fees – a first for a non-bank lender, Collins said.
In other originator product news, Opportune has claimed it has launched “the lowest interest rate deal for home owners in Australia”.
With a one year fixed rate of 2.99 per cent, Opportune managing director Paul Ryan said the low rate will provide “comfort to borrowers worried about recent increases to fixed rates by the banks”.
The Opportune loan is capped at $750,000 and after 12 months will return to a variable interest rate of 5.62 per cent.
Who do you aggregate through?
Thank you for your vote, you can see the results here.
Court rules against bank for ‘unfair’ loan terms
The Federal Court has declared a number of loan contracts entered...
RBA, APRA sing different tune on serviceability buffers
APRA chair Wayne Byres has dismissed the need for a cut to the bu...
Remodelled FHB scheme cops backlash
From 1 July, all applications for the FHLDS will require a Notice...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
