In a sign of the highly competitive nature of home loans, NAB has announced a major frequent flyer offer for broker-introduced clients targetting owner occupied loans. Broker customers can apply between 21 September and 31 December 2015 for 250,000 NAB Velocity Frequent Flyer Points as an alternative to a $1500 cash back offer, provide they switch their main banking to NAB.
In the latest edition of the Property Imperative, released today we highlighted the intense focus on owner occupied loans as opposed to investment loans, and the various discounts and incentives on offer. The mortgage wars just stepped up another gear!