Homeloans Ltd has announced the launch of a new product – The Homeloans All in One – which it claims is a true alternative for brokers to the big banks.
Available as of Monday March 23 the All in One offers borrowers a variable rate of 5.29 per cent, a fully transactional account and nil interest visa account amongst other features.
According to Homeloans LTD traditional non-bank deferred establishment fees will not apply. Instead there will be a "tiered dollar amount" rather than the percentage of the loan amount. Clawbacks will also apply.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Brokers can expect a commission structure of 0.65 per cent upfront with 0.15 per cent trail, increasing to 0.20 per cent in year three.
Tags:
