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ISCOVER
Staff Reporter
In an attempt to enhance its competitive positioning in the mortgage space, Bank of Melbourne has announced it will refund the Lenders’ Mortgage Insurance for loans with an LVR up to 85 per cent.
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In addition, the bank has announced that it will give brokers’ clients discounts up to 1 per cent off a new Bank of Melbourne standard variable rate home loan or a new portfolio loan with a loan amount over $500,000 for the life of the loan.
“Bank of Melbourne is committed to building closer relationships with mortgage brokers and providing them with attractive offers,” general manager mortgage broking Clive Kirkpatrick said.
“They are an extremely important part of our growing business and we need to offer competitive products and great service to help ensure that they grow their business as well.”
Mr Kirkpatrick said the lender was determined to “provide a better deal for Victorians”.
“We’re listening to customers and to feedback from the broker community to ensure that we deliver products and services that meet their needs.”
