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AMP Bank has offered brokers a temporary commission bonus to help attract customers “that may not have considered AMP Bank in the past”.
Standard upfront commission rates will be increased by 20 basis points for all new loan applications, including applications for increases.
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The bonus applies to all competitive products, excluding the Affinity Package and Affinity Basic Package.
Applications must be received before November 30 and settle between September 1 and January 31.
AMP’s head of sales & marketing, Glenn Gibson, said the bank ran a similar special last year that proved to be very popular.
“This is an opportunity for brokers to highlight our competitively priced range of home loan products to customers that may not have considered AMP Bank in the past,” he told The Adviser.
“The competition in the marketplace is very strong at the moment and highlights the value proposition of mortgage brokers.
“With lenders changing their products and pricing on a regular basis, a mortgage broker is really the only way for customers to know what offers are available at any given time.”
[Related: AMP Bank posts strong mortgage growth]
