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An independent mortgage manager has been awarded the title of best provider of fixed loans in the non-bank category by Canstar.
“Australian Mortgage Options (AMO) came up trumps for the residential fixed loans they offer,” a statement released by Canstar said.
“Their rates over the six-month period on 1-, 2-, 3- and 5-year fixed rate home loans were 0.20 per cent, 0.25 per cent, 0.18 per cent and 0.26 per cent, respectively, below the industry average."
Robert Projeski, managing director at Australian Mortgage Options, said the current market conditions have consumers fixing their loans and this has become a popular product category.
“The percentage of fixed loans approved has tripled in the past two years and this is down to the extremely low interest rates along with consumers seeking out a better deal,” he said.
“This is probably going to continue as mortgage holders attempt to pick the change in tide of the market.”
Canstar reviewed 175 home loans from 95 lenders nationwide.
Other winners were ANZ, for the bank award, and Service One Members Banking in the customer-owned category.
