Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Mortgage group unveils record low rate

Nick Bendel 1 minute read

LJ Hooker Home Loans has made a cut of 35 basis points to its white-label product.

The Leveredge product now starts from 4.29 per cent for owner-occupiers, down from 4.64 per cent.

The 35-point rate cut comes after the Reserve Bank reduced the official cash rate by 0.25 per cent earlier this month.

Head of home loans Paul O’Regan said many lenders had responded to the Reserve Bank decision by making only a 20-point cut, holding back the other five because of margin pressures.

Mr O’Regan told The Adviser that LJ Hooker Home Loans was acknowledging the growing rise in investor activity and the low market share of first home buyers.

“We have done this to assist our real estate partners in providing a great product option to their owner-occupier clients, and to help alleviate some of the stress being experienced by people wanting to enter the property market,” he said.

“We hope the assistance from us with a record low LJ Hooker Home Loans variable rate will give more people the ability to enter the property market.”

[Related: Connective launches white-label products]

Advertisement
Advertisement

PROMOTED FEATURES


Mortgage group unveils record low rate
default
TheAdviser logo
default

 

more from the adviser
remuneration money Conflicted remuneration defined in new regulations

The federal government has released final regulations that define...

empty wallet COVID-19 erodes FHB deposit savings: MyState

Nearly a quarter of those Australians who have dipped into their ...

signatories f6bb COBA welcomes closer ties between regulators

The association for customer-owned banks has said that the MOU be...

FROM THE WEB