Honeymoon home loans get cheaper

Honeymoon home loans get cheaper
Staff reporterJuly 16, 2018

Lenders have cut honeymoon rates on home loan products to stimulate growth as real estate markets slow.

Three of the top five mortgage lenders are offering discounts of up to 55 basis points for investors and home buyers on introductory rates. 

Banks with the new discounts include Commonwealth Bank, Westpac Group and Suncorp.
 
Westpac is offering cuts of up to 50 basis points and free international trips.
 
CBA has announced cuts of up to 30 basis points on its two-year variable rate introductory products covering principal and interest for owner occupiers and investors and interest-only borrowers.

Suncorp is increasing the discount on its one- and two-year fixed rates by 55 basis points to a headline rate of 3.99 per cent.

Editor's Picks

5% deposit, $0 stamp duty - Buy into Brighton's affluent property market with 111 Carpenter townhomes
Far East Consortium's charity push in Australia’s biggest stair climb challenge
Princeton tops out Marque Rockdale as development team and Latent Defect Insurance drives sales
Double Bay makeover to continue as Scali furniture boss plots new luxe apartments
Prime Edition launches rare Clifton Hill apartment development, 33 Queens Parade