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La Trobe Financial has reduced its rates by up to 139 basis points and also introduced a clearer pricing policy.
La Trobe has streamlined its pricing into a lead rate and a special rate. The lead rate has been cut from 6.99 to 6.50 per cent, while the special rate has been set at 5.60 per cent.
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The Full-Doc Clear product has been cut from 6.99 per cent to the special rate of 5.60 per cent, which was also the existing price of the residential SMSF product.
“La Trobe Financial believes its simplified and straightforward pricing policy – essentially 5.60 per cent or 6.50 per cent – strikes a chord with brokers on the basis of being set to a highly competitive level,” said La Trobe.
“These rate reductions reflect both the recognition that funding markets now have the high quality performance of specialist lending assets and La Trobe Financial’s recognition of the value that brokers bring to La Trobe Financial.”
[Related: Lender prices first RMBS issue]
