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More groups sharpen pricing

Staff Reporter 1 minute read

Staff Reporter

Proving competition among lenders is still alive and well, one26 mortgages has announced it will prolong its 10 basis point rate reduction special offer.

Originally intended to expire this month, the 10 basis point rate reduction promotion will now apply to any Adelaide Bank loan that is settled before 31 December 2010.

With no ongoing annual fees, minimum loan amounts of only $50,000, 100 per cent offset account and a linked LOC Visa card available, One26 mortgage’s Marty Whitby said the company’s standard variable was now a genuine competitor to the major’s Pro Pack offerings.

“We offer brokers much higher commission rates with no volume, quality or any other hurdles. Our upfront commissions are paid at settlement and trail commission is monthly from settlement,” Mr Whitby said.

More groups sharpen pricing
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