MPA Lender Update - 12/11/2015

Iden announces new product | BMM increases variable rates | NAB Broker drops fixed rates

Iden announces new product | BMM increases variable rates | Homeplus drops fixed rates |

MPA Lender Update is your same-day product information service, bringing together updates from all lenders

RATES

Better Mortgage Management increases all variable rates by 0.17% for products in the Credit Suite and reduces rates by 0.25% for 3, 4 and 5 year investment loans in the ABL fixed rate suite.

NAB Broker reduces standard Homeplus fixed rates for new lending, with 1 year at 4.39% pa (comparison rate pa 5.23%) and 3 Year at 4.24% pa (comparison rate 5.06%), effective 12 November 2015.

PRODUCT

Iden Group have launched their Rapid Home Loan Reducer loan, which allows the reduction of the interest rate on an owner-occupier loan (minimum RBA cash rate + 0.5%) with an increase of the rate on an investment loan (maximum RBA cash rate +3.5%). See Iden's 'RHLR Overview' YouTube video for more information.

POLICY
No changes today

COMMISSIONS
No changes today

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