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Non-bank throws down gauntlet to majors

by Staff Reporter7 minute read
The Adviser

Staff Reporter

One of Australia’s preeminent non-bank lenders has slashed it fixed rate products to outprice the majors.

Effective from today, Mortgage EZY will cut 30 basis points from its two and three year fixed rate solutions, taking the new rates to just 6.39 per cent.

In addition, the newly priced rates boast no ongoing annual fees and include an upfront and trail commission.

“Our brokers continue to push hard in this segment and as it stands we’re able to provide them with both a quality and cost effective solution that meets the pointy end of their markets” Mortgage EZY’s head of sales Chris Wisbey said.

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