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UBank to launch mortgage product

by Staff Reporter7 minute read

Staff Reporter

Making headlines today, Online Banking Review has reported that UBank will launch a mortgage product this weekend.

While the specifications around UBank’s new mortgage product remain unknown, the lender’s parent company, NAB, currently offers the cheapest standard variable rate of the majors at 7.67 per cent.

UBank’s purported foray into the mortgage lending space comes just days after both Firstfolio and Mortgage Choice launched new product offerings.

Earlier this week, Firstfolio launched a variable rate online home loan that promises to track the Reserve Bank cash rate for three years from settlement.

While yesterday Mortgage Choice announced it would launch a range of mortgage products under its new Bluegum Home Loans brand.

The Adviser’s calls to UBank went unanswered.

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