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Australian First Mortgage has reduced its standard variable rates by up to 20 basis points.
The Complete/Alliance product range has been reduced by 10 points, with loans now starting at 4.75 per cent up to a maximum LVR of 80 per cent.
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Complete/Alliance loans come with no application fee, no valuation fee and no legal fees, with commission paid of up to 0.25 per cent trail from day one.
Australian First Mortgage has also reduced its Flexible product range by 20 points, with loans now starting at 5.11 per cent up to a maximum LVR of 70 per cent.
This product range comes with credit card facilities at home loan rates and free budgeting tools.
Managing director David White said the rate reductions show the non-bank lender's commitment to supporting its third-party network.
"Brokers want innovation from the non-bank sector, and this latest move is all about keeping our products competitive and providing genuine alternative options to help our brokers and their clients," Mr White said.
"The rate cuts, add-on features and free budgeting tools are there to help borrowers to get into attractive purpose-built products, and to pay down their home loans sooner."
[Related: AFM makes another new appointment]
