Advantedge Financial Services (Advantedge) is increasing its interest rates for all variable rate loans by 0.10% per annum.
The new rates will apply to all of Advantedge’s white label partners, and will come into effect from Tuesday 24 January 2017.
Brett Halliwell, General Manager of Advantedge, said Advantedge remains committed to providing aggregators and brokers with the best possible products in Australia’s dynamic home loan market.
“Our white label products are simple, high-value and flexible, and continue to be highly competitive. This rate change is needed due to the challenging economic environment, increased regulatory requirements, and financial market conditions that we, and all lenders, are facing,” Mr Halliwell said.
Advantedge is part of the National Australia Bank Group (NAB) and is Australia’s leading wholesale funder and distributor of white-label home loans.
Advantedge supports mortgage brokers and mortgage managers with end-to-end loan processing and administration support. From pre- to post-settlement stages, Advantedge also gives brokers access to a personalised lending team that prides itself on excellent service.
White label loans are an alternative to major bank loans, designed to give customers the essential home loan features they need, at competitive rates. Through Advantedge customers have access to simple, quality home loans that’s easy to manage and offers value.
White-label home loans are available through just over 85% of Australia’s mortgage brokers, and distributed under the brands of mortgage aggregators and mortgage managers. Those mortgage aggregators include PLAN Australia, FAST, Choice Aggregation Services, Australian Finance Group, Connective, Smartline, Astute, Loan Market and LJ Hooker Home Loans
