Login
ISCOVER
One non-bank lender has waived risk fees on specialist lending products with an LVR of 70 per cent or less.
Resimac Financial Services (RFS) said the temporary promotion would run until May 30 and apply to its full range of products.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Chief commercial officer Allan Savins said the fee waiver would save borrowers up to 1.25 per cent of the loan amount.
“Our specialist lending product range continues to offer borrowers broad solution-based lending options without compromising on loan features,” he said.
“RFS have products and policies that allow us to consider any loan application based on the needs of the borrower.
“In an environment where competition in the market has diminished, the choice non-bank lenders such as RFS offer is key to helping brokers find a solution for their clients more often.”
Resimac is the latest lender to reduce its fees or rates. Homeloans recently announced a five-point cut on its Homeloans Ultra Plus package, while NAB announced cuts of up to 10 basis points on its fixed rates.
