This was posted 5 months ago, and might be an out-dated deal.

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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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Mortgage Broker Cashback 0.3% for Purchase/Refinance + P&I Variable Rates (from 5.99%, Comparison Rate 6.00%) @ Lending Workshop
Go to Deal
AssociatedLendingWorkshop on 22/07/2024 - 08:47 lendingworkshop.com.au (186 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]
Book An Appointment
Website

Financial Cashback Home Loan Investment Loan Loan Mortgage Broker Refinance

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closed Comments

  • 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
    +3

    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
      -2

      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
    +2

    What are cashback offers and rates at the moment? Thanks

    • AssociatedLendingWorkshop @ Lending Workshop on 22/07/2024 - 09:24
      -6

      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
        +2

        Lol really?

        • AssociatedLendingWorkshop @ Lending Workshop on 23/07/2024 - 20:36
          +1

          hi @ozbargainerlife1, honestly the intention is not to hide any information. Why would I? Here is the link to the last deal I posted with many ozbargainers vouching for the service and cashback I offer.

          I wish I could put all the products and their rates from all the banks on my panel but I simply can't. I pay a monthly fee for a tool to help me compare and even that doesn't do everything. Still have to submit requests to various banks, based on client's scenario, negotiating interest rates and fees. Banks increase or decrease the discounts they offer and I just play the game by the rules.

          I did put in the rates for basic Owner Occupier rate as a starting point. Were you after something else?

          And I do take the blame on myself for not putting in the cashback offers. Below is the active ones as of today. These may or may not be suitable to you, so feel free to do your own research.

          and hand on heart, the intention behind getting people to reach out is not to lure them in. There is heaps of communication before the application is even submitted to the bank. Customer has the right to drop out at any time with no costs. It is honestly to understand the situation and make sure I do the best I can save them money and have them as customer forever. If I can't, I would tell them upfront and not waste their time.

          If you still believe I am wrong, happy to be corrected. Will be mindfull the next time around. Afterall I am only human.

  • Gorby on 22/07/2024 - 10:16

    This is Ozbargain, not Ozmortgagebrokerads.

    Like the other guy the other day, piss off

    • AssociatedLendingWorkshop @ Lending Workshop on 23/07/2024 - 21:06

      Hi @Gorby, your comment above doesn't mention any reason but I will try addressing your concerns.

      OzB allows businesses to post offers and I am abiding by their rules. So assuming there is nothing wrong there.

      I had a look at the other deal you are referring to. There were 2 deals mentioned in the comments section. I will address them both and feel free to point out if I miss something.

      • Compare the Market - They offer a flat cashback of $2,000 with no condition to stick around. and minimum loan of $100,000.

        • Firstly, this is OzB so let's discuss In $ value. If the loan is more than $700,000. In my offering it will be $2,100 cashback. And any loan larger than that the gap just keeps getting bigger. So this deal may not suit smaller loans but for bigger loans it is more cashback.
        • Secondly, look at the feedback from ozbargainers in last few comments in this post. Look at the feedback for my service in this post on OzB.
        • I have access to 30+ banks on my panel and they only have around 10 so there is more chance of me finding a better suited product.
        • My mobile number is mentioned in my deals and I work until 8:00PM AEST to accommodate clients. Obviously the services are not the same.

      • Up Bank offering 5.95% variable rate for Owner Occupier.

        • Again let's start with $ value first. The starting rate I have is 5.99%(Comparison Rate 6.00%) so off by 0.05%. I am offering a broker cashback of 0.15% each year, for the first 2 years. So ahead by 0.10% for the first 2 years. I don't know what the situation will be after 2 years, maybe they trump all the 30+ banks on my panel and maybe they don't.
        • They are a great bank and infact their day to day transaction account was rated the best in OzB rankings. The rate offered is quite competitive. But hey just launched home loans and they limited with their offerings. They do not have the capacity to handle complex apps as some of the established banks. And not everyone will fit in their policy.

      I have had a few customers come to me after trying with these self service options. Where the deal was too good but they got knocked back, even though they thought the application was simple and straight forward.

      The idea is not to offend you but honestly keen to understand what you would like to see the next time I post. I will try my best to address.

  • ozbargainerlife1 on 22/07/2024 - 12:08
    +2

    Casted my first ever negative vote on ozb

  • Iwantthebestprice on 22/07/2024 - 13:43
    +6

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

    • AssociatedLendingWorkshop @ Lending Workshop on 23/07/2024 - 21:16

      hi @Iwantthebestprice, so sorry to hear that the offer did not impress. I messed up by not mentioning a quick snapshot of the cashback offered by the banks on my panel. I have now replied to the comment above mentioning the cashback offers that you can combine with this broker cashback offer.

      I hope that helps address your concern.

      The broker cashback alone can be a few grand depending on your loan size.

      Please point out any better offers if I am missing something obvious.

  • Lucille Bluth on 22/07/2024 - 20:08
    +3

    So sick of these mortgage broker deals. None of them are ever competitive. Case in point, this one. And incredibly vague. Just be freaking up front. It's not that hard ffs

    • AssociatedLendingWorkshop @ Lending Workshop on 23/07/2024 - 21:24
      -2

      hi @Lucille Bluth, the language did hurt. I wish you were a bit polite. I have replied the comment you referred to so hopefully that addresses your concern.

      Please point me to a offer that is better and I will do my best to come up with better offers next time. I am bound by the banks on my panel and do my best to find customers the best suited product. Also, I offer a good portion of my commission to customers in the form of cashback along with an obligation free appointment to discuss the situation.

      I did try my best to be upfront, by highlighting the key things to look out for in broker cashback terms and conditions. Please let me know if I missed something and I will try my best to not miss it the next time I post.

  • ledgisv2 on 22/07/2024 - 21:55
    +3

    My first ever negative vote on ozb. This is not a ad website.

    • AssociatedLendingWorkshop @ Lending Workshop on 23/07/2024 - 21:26
      -2

      hi @ledgisv2, posting of offers by people associated with business is allowed, according OzB wiki. Please feel free to point out if I missed something and I will do my best to not make the same mistake next time.

      • WatchNerd on 23/07/2024 - 21:37
        +2

        Nobody said you weren't allowed to post here, the issue is it comes across as free advertising. You even admitted above that you take the blame for not putting in the cashback offers. Neg for gaslighting (issue with the seller).

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