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Non-bank strengthens product suite

by Staff Reporter8 minute read
The Adviser

Staff Reporter

Proving competition between lenders is still as hot as ever, one non-bank lender has unveiled a new suite of products.

Yesterday, Australian First Mortgage unveiled the Platinum Option, which consists of a number of new products that cater to a variety of consumers needs.

The new product range will include variable and fixed term loans and lines of credit. Two low doc options will also be made available.

All products will be subject to a clawback of upfront commission of 100 per cent in the first year and 50 per cent in year two.

The flagship 'Platinum Full Doc' caters for new purchases up to 95 per cent LVR plus either capitalised LMI or the unique Reduced Equity Fee alternative. Construction is also available with the Platinum range.

Australian First Mortgage's national head of sales Clint Hawthorne said the launch of the Platinum Option Range would complement the lender's current range of home loan products.

"At Australian First Mortgage we pride ourselves on our ability to provide a unique product range, exceptional turnaround times and an old fashioned approach to providing quality and personalised customer service. We continue to develop our product range to allow our valued broker customers with viable alternatives to the major banks. We are 100 per cent committed to the broker channel," he said.

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