The non-major has reduced variable and fixed rates across its investor and owner-occupier home loans by up to 65 basis points.
Adelaide Bank has reduced rates across its SmartFit, SmartSaver and SmartFix home loan products, offered exclusively through the broker channel, with changes effective for new applications from Tuesday, 13 August.
In a statement to The Adviser, Amanda James, Adelaide Bank’s head of broker, said that the rate cuts were part of a broader strategy to expand the non-major’s presence in the third-party channel.
“These new rates reflect the fact that we are committed to providing brokers and their customers with real value, and they are just the start,” she said.
Adelaide Bank recently partnered with Aussie Home Loans to launch Aussie Elevate, a new white label home loan product offered exclusively via the brokerage.
Charbel Kadib is the news editor on The Adviser and Mortgage Business.
Before joining the team in 2017, Charbel completed internships with public relations agency Fifty Acres, and the Department of Communications and the Arts.
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