Powered by MOMENTUM MEDIA
the adviser logo
Growth

BMM slashes rates by 100 basis points

by Huntley Mitchell2 minute read

Better Mortgage Management (BMM) has significantly reduced interest rates and increased the maximum loan amounts to several of its home loan products.

The non-bank lender’s Flexi One Full Doc product range has seen rates cut by as much as 100 basis points, with rates starting from 5.37 per cent. The 100 basis-point reduction applies to loans with an LVR of between 90 and 95 per cent, with the rate starting at 7.84 per cent.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

Furthermore, the maximum loan amount for the Flexi Specialist Full Doc product has increased to $2.5 million.

BMM’s Flexi Ultimate Alt Doc product has been reduced by 25 basis points to 4.69 per cent (with a 4.93 per cent comparison rate), while the fixed and variable rates for its Credit Gold Full Doc and Credit Power Pack Full Doc have also been cut by 25 basis points.

These changes mean that BMM’s New Credit three-year fixed rate starts at 4.24 per cent, while the variable rates for its Credit Gold Full Doc and Credit Power Pack Full Doc loans now start from 4.23 per cent and 4.13 per cent respectively.

[Related: ME announces more rate cuts]

BMM slashes rates by 100 basis points
default
TheAdviser logo
default

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

sam jolley elders ta iwsfut

Elders welcomes 1st national growth and asset finance manager

Elders Home and Commercial Finance, the independent broking arm aligned with the real estate network of Elders Ltd,...

READ MORE
rael ross butn ta rerexr

Butn achieves record originations in July

Cash flow financier Butn has released a trading update, revealing that its 2023 financial year commenced with a new...

READ MORE
daniel tuttlebee resimac asset fInance ta l27zun

Resimac takes controlling stake in Sonder

Resimac Asset Finance has expanded its acquisition stake in equipment finance business Sonder Equipment Finance...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more