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.

Westpac announces 0.64pc rate discount

rate cut  x rate cut  x
Huntley Mitchell 3 minute read

Westpac is offering a two-year discount of 64 basis points for one of its variable-rate home loans.

The bank’s Flexi First Option product will start at 4.19 per cent (with a comparison rate of 4.72 per cent) before converting to 4.83 per cent after the two-year discount period.

The new introductory offer applies to loan applications processed with conditional approval by Monday 31 August, and coincides with Westpac’s 85 per cent no-LMI offer for new owner-occupier home loan applications, which was announced last week.

Tony MacRae, Westpac’s general manager of third-party distribution, said both promotions provide the ideal solution for home owners or purchasers that simply want a basic, no-frills loan with a redraw facility, no establishment fee and no ongoing monthly or annual fees.

Advertisement
Advertisement

“We keenly understand from daily conversations brokers have with their clients that great value and service are critical factors to home ownership aspirations. That’s why we’re offering new customers a great discounted rate on our Flexi First Option product,” he said.

“This offer provides real savings for local owner-occupiers wanting to achieve their dream of home ownership by taking advantage of the discounted two-year variable rate, alongside unlimited additional repayments permitted on variable-rate accounts.

“We are encouraging and supporting more Australians into the housing market to own their homes sooner with the expertise of their mortgage broker, and that remains a key priority and focus for Westpac.”

[Related: Three banks slash variable and fixed rates]

 

PROMOTED CONTENT


Westpac announces 0.64pc rate discount
rate cut  x
TheAdviser logo
rate cut  x

 

more from the adviser
happy survey

Breaking News

Lender BDM ratings reach new record high: Broker Pulse

Brokers have rated the support offered by lender business develo...

mortgage calculator

Breaking News

Comparison site launches in-house broking services

A comparison website has planned to build its own mortgage book b...

warehouse

Breaking News

Zip Business growth squeezed by lockdowns

The business lending division of buy now, pay later provider Zip ...