As lenders seek to wind back their level of investment lending, competition in the owner occupied space has started to heat up.
Many lenders were starting to offer some “very competitive” owner occupied home loans in a bid to pick up more of this business. Whilst they are needing to curb investment lending growth, they are offering incentives to owner occupiers in the form of lower interest rates, cash back and fee waivure.
For those borrowers who have been in the same home loan product for a while said now may be a good time for them to give their mortgage a much needed spring clean.
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