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A non-bank lender has announced it will cover the cost of one standard valuation per application for its flagship product.
Homeloans Ltd revealed the initiative yesterday after market research, Greg Mitchell, Homeloans’ general manager for sales, said.
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“We have a constant focus on the attitudes, beliefs and behaviours of brokers and borrowers and regularly conduct in-depth market research and surveys, which enables us to adjust and enhance our offerings – and covering the valuation cost is just one example,” he said.
The offer is available for all applications for the popular Homeloans Ultra product range.
Homeloans has also cut the variable rates for its Homeloans Ultra products, reducing them by eight basis points and a further 10 basis points on loans greater than $500,000.
Homeloans Ultra variable rates now start from 4.79 per cent per annum.
“This is all great news for Homeloans-accredited brokers, and shows that we’re committed to enhancing the experience of dealing with Homeloans,” Mr Mitchell said.
