Lender Spotlight of the Week; Suncorp

This week I will discuss the recent changes in the home loan/ mortgage sector with today's Banking Spotlight being for Suncorp.

Rates within Suncorp are remaining only slightly changed, with current owner occupied home loans starting from 3.69% for a 1 year fixed term (with a 4.35% comparison rate), and variable for 3.99% for owner occupied home loans (with a comparison rate of 4.38%) and an variable rate of 4.32% for investment properties (with a comparison ate of 4.70%).

These are effective from 5 April 2017 and subject to change. New lending only. Preapprovals excluded.

Offer conditions:

• For fully received new-to-bank lending of ≥ $150,000 (with no outstanding requirements) submitted from 5 April 2017 with ≤90% (inclusive LMI), until the offers are expired. 

HPP first year fee waiver conditions:

• New HPP customers with new-to-bank lending of at least $150,000
• Only for fully received applications (no outstanding requirements) submitted from 27 March 2017 until 30 June 2017, unless withdrawn prior
• Pre-approvals excluded from the above offer, unless the file proceeds to formal approval by 30 June 2017.

If you would like to know more about this banks or other banks current mortage offerings please do not hesitate in contacting us via phone or email and follow us on Twitter.