Get notifications in real-time for staying up to date with content that matters to you.
Bank of Sydney has today announced that it has reduced its three-year fixed rate for owner-occupiers.
Bank of Sydney is reducing its three-year fixed rate for owner-occupiers to 3.98 per cent.
The bank’s head of third-party distribution Steve Sampson announced the rate cut today.
“We believe this is a market-leading rate for home buyers and demonstrates the bank’s commitment to both home buyers and the broker market,” Mr Sampson said.
“The home loan market is extremely competitive at the moment and this rate shows that Bank of Sydney is determined to be a challenger brand with products that are competitive and demonstrate value for money.”
James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.
He has a sound pedigree to cover the business of mortgages and the converging financial services sector having reported for leading finance titles InvestorDaily, InvestorWeekly, Accountants Daily, ifa, Mortgage Business, Residential Property Manager, Real Estate Business, SMSF Adviser, Smart Property Investment, and The Adviser.
He has also been published in The Daily Telegraph and contributed online to FST Media and Mergermarket, part of the Financial Times Group.
James holds a BA (Hons) in English Literature and an MA in Journalism.
FBAA backs new mortgage pricing inquiry
The head of the FBAA has expressed strong support for the ACCC’...
Brokers the ‘first line of defence’ for application accuracy
In a post-royal commission environment, brokers are labelled the ...
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
Do you think that the updated serviceability assessment criteria will see more mortgages being written?
