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St George $2,000 Cashback Offer

Discussion in 'Property Finance' started by Shahin_Afarin, 31st Jul, 2015.

  1. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    Sydney
    There is a lot of posts about the APRA changes and the impact to investment loans.

    On the flip side though lenders are incredibly hurry for owner occupied loans and its warfare amongst the lenders.

    Westpac's owner occupied offering was one of the market lenders (purely looking the rate, fees, LVR and not policy).

    However St George has raised the stakes by offering $2,000 cash back on all owner occupied purchases or refinances OR no LMI @ 85% LVR (you actually pay for it and they refund it later).

    Im expecting more lenders to come out with similar offerings so definitely opportunity there for some buyers.
     
    Arashi87 likes this.
  2. Doraemon

    Doraemon Active Member

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    Nice to know! Will seriously be looking into securing a better deal for my PPOR
     
  3. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    For sure - owner occ is where it's at for borrowers. It's becoming a very competitive space - even the evil AMP has come out with a decent offering.
     
  4. Arashi87

    Arashi87 Well-Known Member

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    Hopefully we'll see more n more FHB Aug 2015 - whenever
     
  5. Doraemon

    Doraemon Active Member

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    Are such offers also available to I/O owner occupied loans?
     
  6. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    there will probablly be more of this sort of thing i think.