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.

Non-major lender unveils new FHB offer

firsthomebuyers firsthomebuyers
Francesca Krakue 4 minute read

The lender’s new offer will allow first home customers to choose from a standard variable rate or five-year fixed rate home loan, while also waiving the annual fee.

Suncorp announced this week that it is rolling out its Home Package Plus special offer for first home buyers, which will allow them to choose from a standard variable rate of a five-year fixed rate of 3.99 per cent per annum on new lending of $150,000 or more.

Additionally, the initial Home Package Plus annual fee will be waived and most customers will also be eligible for savings on their Lenders Mortgage Insurance (LMI), as well as building and contents insurance.

Suncorp EGM — stores and specialty banking, Lynne Sutherland, remarked that it is becoming increasingly difficult for those looking to enter the market for the first time.

Advertisement
Advertisement

“Housing affordability is creating a barrier for young people wanting to purchase their first home,” she said.

“The average age of home owners across the country has increased by 10 years, and while we know property ownership isn’t for everyone, it’s still a goal for many Australians.

“Where the customer is borrowing more than 80 per cent of the property’s value, we will contribute $1,000 towards their mortgage insurance premium.”

According to Ms Sutherland, eligible customers will also be offered 20 per cent off the first year’s premium for Suncorp-issued building and contents insurance, as well as savings on Suncorp Home Loan Protect for new policies issued.

Non-major lender unveils new FHB offer
firsthomebuyers
TheAdviser logo

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

PROMOTED CONTENT


firsthomebuyers

 

more from the adviser
SME small business

Breaking News

Mortgage brokers writing commercial loans hit high

The number of mortgage brokers branching into commercial loans ha...

tech tools

Breaking News

Asset finance neo-lender launches to broker channel

A new fintech backed by Resimac has launched, aiming to overcome ...

handshake news

Breaking News

ASX-listed lender joins FAST panel

A personal lender has become the latest addition to the aggregato...