There are currently many lenders introducing great incentives to win new business but Westpac has upped the ante with some seriously seductive offerings. Refinance rebates advertised by most banks are generally a flat rate with only one rebate amount redeemable per application. Westpac, however, will give customers $1,250 for every security they refinance, even if there are several on the one application.

We have seen many of our Blackburne Mortgage Broking customers rewarded with a rebate in the thousands simply by refinancing multiple securities. But the good news does not end there – the “Premier Advantage” annual package fee of $395 is also being waived for new refinances, another great saving being passed on.

Westpac are also leading the charge with some great loan products, most notably their two year fixed owner-occupied loan, currently priced at 3.88% (4.88% comparison rate). But what’s really exciting is that Westpac is also redefining what a fixed rate loan actually is. Traditionally they have been restrictive products that have lacked appeal, but Westpac are changing all this. Not only are customers able to pay up to $30K extra over the fixed rate term, but they can also access these funds via redraw. Couple this with the option of being able to use a fixed rate product for construction and it’s clear that Westpac are committed to providing market leading mortgage solutions for their customers.

If you are considering a review of your finance options, there is no better time than now as these great deals won’t be around forever. Your Blackburne Mortgage Broker will be able to assist you in deciding what loan product and structure is right for you and help you save money on your home loan quicker and easier.