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One lender has said it will reward brokers and challenge its rivals with a new no-fee product.
Non-bank lender Mortgage Ezy has released a product called Zero 100% Offset, which chief executive Garry Driscoll said would take the battle to the banks.
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“Our customers can now enjoy our zero fee loan that features no application fee, no valuation fee, no solicitor’s fee, no settlement fee and no annual fee, plus the benefit of a 100 per cent offset loan in either a variable or fixed rate,” he said.
“Add a sharp rate, top commission, trail from day one and upfront commission paid within 72 hours of settlement, and we believe you have a win-win for borrowers and brokers alike.”
