Continuing the theme of heightened competition in the owner occupied lending space, AMP Bank has announced it will reduce the variable rate for new owner occupied loans on the AMP Essential Home loan to 3.99 per cent, making it one of the most competitive in the market.
The variable Professional Pack Home loan will also be reduced to 3.99 per cent for loans over $750,000 and with a Loan to Value Ratio (LVR) of less than 80 per cent.
The changes are effective Monday 12 October and will apply until 30 November 2015.
