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Resimac has now reduced its rates by 150 basis points this year after making another cut of 85 points.
Resimac will pass on the Reserve Bank’s recent 0.25 per cent rate cut to both prime and specialist borrowers.
In a special offer that will last until September 30, Resimac has also announced an additional rate cut of up to 60 points across its entire specialist lending product range, taking the total reduction of up to 85 basis points for new business.
Chief commercial officer Allan Savins said this was the third time this year that Resimac has reduced its specialist rates.
“We passed on the RBA’s full 25-basis-point rate cut in February and then further reduced our rates with the simplification of our specialist lending products in March,” he said.
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