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.

Specialist lender reduces fixed rates

house and money

house and money
staff reporter 1 minute read

Bluestone Mortgages has today announced that it has reduced its two and three-year fixed rates as a result of “market demand”.

Advertisement
Advertisement

PROMOTED FEATURES


>The specialist lender’s two-year fixed rate is now 20 basis points (0.20 per cent) lower than the current variable rate, and the three-year fixed rate is now 30 basis points (0.30 per cent) lower than the current variable rate.

According to the lender, the decision to reduce these fixed rates has been driven by “market demand” and is expected to have “significant uptake”.

Royden D’Vaz, national head of sales and marketing at Bluestone Mortgages, commented: “Fixed rates have a lot of upside – particularly for borrowers who seek the stability of a set monthly expenditure to aid budgeting, which resonates well with the specialist lending market. 

“Having a set fixed term [rates] provides a borrower comfort and certainty around their repayments, in a market that’s had a number of ‘out of cycle’ rate increases (which we expect will drive interest), as well as provide a natural opportunity for brokers to increase their advisory capacity and deepen client relationships.”

Mr D’Vaz said that fixed rates can help specialist borrowers “get their finances on track” and noted that it is “an increasingly popular alternative that provides borrowers greater choice and further lending options to suit their financial objectives [as well as]… security”.

[Related: Fixed rate demand surges in April]

Specialist lender reduces fixed rates
house and money
TheAdviser logo
house and money

 

more from the adviser
handshake 2 Major bank announces new CEO, consumer

A big four bank has appointed a new chief executive for its consu...

digital money ta Brokerage launches insurance quote function

The major brokerage has integrated an indicative quote function w...

bank of mum and dad NAB extends COVID-19 IO loan measure

The major bank has announced a range of changes to its loan polic...

FROM THE WEB