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Future Financial absorbs cash rate increase

Staff Reporter 1 minute read

By: Staff Reporter

Future Financial has thrown its support behind the first home buyer and investor markets, announcing that it would not increase the rates associated with its non-genuine savings and business investment home loan products.

While the big four passed on the full 0.25 per cent increase to their customers, Future Financial’s general manager Troy McLachlan said the company would not pass the RBA’s 25 basis point cash rate increase on to its FHB and investor customers.

“Our March quarter was the best for three years and we want to build on that and maintain momentum going forward” Mr McLachlan said.

The company further highlighted its support for the first home buyer market by announcing that it would not impose an application fee for the first $100 million in applications – representing a saving of $330 per for FHB.

Future Financial absorbs cash rate increase
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