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ISCOVER
Staff Reporter
One of Australia’s largest mortgage originators has launched a new product to be solely distributed through the third party channel.
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Yesterday, MortgageEzY launched a new 100 per cent variable offset account at a rate of 5.44 per cent.
In discussing the new product, which has a maximum LVR of 80 per cent, the lender’s chief executive Garry Driscoll said the product was not a “limited time” offer but rather a standard product with features that include internet banking, visa debit card and no ongoing fees.
“Brokers have been looking to find ways to support non-bank lenders and this is an ideal opportunity for them to put their customers into a great product,” Mr Driscoll said.
“They understand that it was the non-bank lenders like MortgageEzy that introduced real competition into the market and that competition needs to return.”
