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Homeloans has announced its fourth rate cut in as many weeks, slashing prices on its speciality range of home loan products.
Rates have been cut by up to 0.47 per cent on the non-bank lender’s Accelerate product range, with the Accelerate Prime rate now starting from 4.49 per cent and other specialty options from 5.75 per cent.
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Homeloans’ general manager of sales, Ray Hair, said the Accelerate range provides brokers with solutions for borrowers who fall outside the typical mortgage lending and insurance guidelines.
“If a customer is unsuitable for Homeloans’ prime products, it means brokers can offer this alternative specialist solution,” Mr Hair said.
“There are many features and now there’s the added enhancement of the reduced interest rates on the Accelerate range, which is good news for brokers and their customers.”
Homeloans has made a raft of changes to its products since the start of the year, including commission increases, rate cuts and a review of its fee structure.
“We continue to listen to the feedback of our brokers and provide them with solutions which benefit them and their customers’ individual needs,” Mr Hair said.
“That encompasses both prime and non-prime solutions.”
[Related: Non-major reveals new rate under 4pc]
