Mortgage Broker Cashback 0.3% for Purchase/Refinance + P&I Variable Rates (from 5.99%, Comparison Rate 6.00%) @ Lending Workshop

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AssociatedLendingWorkshop on 22/07/2024 - 08:47 lendingworkshop.com.au (67 clicks)
Last edited 22/07/2024 - 12:32 by 1 other user

Hello Ozbargainers,

Thank you so much for your support so far.

I am offering a broker cashback back of 0.3% of loan amount. This is in addition to any cashback offered by Bank/Lender.

Key conditions for broker cashback are below:

• Cashback of 0.15% of the loan amount paid into your nominated account after completion of 13 months. If the loan is not paid off and is still active.
• Cashback of 0.15% of the loan amount paid into your nominated account after completion of 25 months. If the loan is not paid off and is still active.
• Loan amount will be based on bank/lender's commission calculation method. That is net off redraw and offset.

Please refer to this link for detailed broker cashback terms and conditions.

Combined with broker cashback the effective variable rates start at 5.84%(Comparison Rate 5.85%) for the first 2 years for an owner occupier principal and interest home loan. I have also been able to negotiate with banks and get fees waived in some cases.

You can combine broker cashback offer with any of the the 30+ banks on my panel of lenders.

The easiest way to reach out, is to book an obligation-free appointment in my calendar. You can also call me on my mobile number mentioned in the signature below.

General Advice Warning- The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation, any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.

Comparison rate warning: Comparison rate is calculated on a $150,000 secured loan, over a 25-year term.
Comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. For variable interest-only loans, comparison rates are based on an initial 5-year Interest Only period. For fixed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.

My Profile:
I am an ex-banker with 13+ years of finance industry experience.

Regards,
Roopali
0415 719 759
Director | Mortgage Broker - Lending Workshop
Credit Representative Number 544854| Australian Credit License Number 389328| ABN 98 663 429 598|Certified FBAA Member M-353524.

Email [email protected]
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• 

  gsxr600rr on 22/07/2024 - 08:50

  Does this include offering above the compare the market $2,000 offer above any lender? Or only above what the lender itself offers?

  I.e $2k ontop of another $2k + your 0.5% of the loan?

  https://www.ozbargain.com.au/node/846525

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 22/07/2024 - 08:54

    +2

    hi @gsxr600rr, compare the market is a broker themself. So you have to choose between them and Lending Workshop. Can't have both writing your loan. and it's 0.3 not 0.5%.

• 

  CookieCounter on 22/07/2024 - 08:58

  +2

  Not affiliated, but no cashback no fees. 5.95% variable rate and therefore 5.95% comparison rate with Up Bank.

  I recently refinanced to them from the dreaded CommBank and have never looked back.

  • 

    Dealhunter967671 on 22/07/2024 - 09:21

    +1

    Free offset as well, even their fixed are 5.8% at the moment (given the assumed IR cuts).

    • 

      CookieCounter on 22/07/2024 - 11:18

      Free unlimited offsets ;) Well there might be a cap but I think it's something like 1,000. Was so funny the week after closing my 30 year old Smart Access CBA transaction account, I got an email promoting that exact account, sigh.

• 

  Commenter on 22/07/2024 - 09:15

  -1

  What’s the best rate for investment property?

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 22/07/2024 - 09:22

    -3

    hi @Commenter, need to know the loan amount, sec value, state. Is it P&I or I/O. Fixed or variable. Is there a OO attached? Also, for negotiating rates, need to add customers name. So in short, cannot answer the question until I understand the situation. Please feel free to reach out at the contact details provided and the discussion will be obligation free.

• 

  ozbargainerlife1 on 22/07/2024 - 09:20

  What are cashback offers and rates at the moment? Thanks

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 22/07/2024 - 09:24

    -5

    I have 30+ banks on my panel. Cashback offers are still available but limited as compared to what they were a year ago. Rates, as I mentioned in the comment above, depends on what the client is after. Need to understand the situation before I recommend a product/rate. Please feel free to reach out and I will do the best I can to secure you a suitable product.

    • 

      ozbargainerlife1 on 22/07/2024 - 12:08

      Lol really?

• 

  Gorby on 22/07/2024 - 10:16

  This is Ozbargain, not Ozmortgagebrokerads.

  Like the other guy the other day, piss off

• 

  ozbargainerlife1 on 22/07/2024 - 12:08

  Casted my first ever negative vote on ozb

• 

  Iwantthebestprice on 22/07/2024 - 13:43

  +1

  So over these “deals” come back when you have a decent rate and a few grand cash back otherwise it’s just spam!