When a new home loan application settles it’s usually with the most competitive option that an applicant qualifies for at the time. But as lending markets change, and mortgage holders’ own circumstances and requirements shift it’s unlikely that it remains sharp indefinitely. But you don’t have to live with a less than snappy product.

That’s where we come in.

At regular intervals the Blackburne team will contact you to check in to ensure all is on track with your mortgage products to ensure you have the optimum product for your requirements at any given time. And responding to our email could mean saving yourself thousands in the long run.

We strive to touch base with our clients intermittently to have a look at their rate and see what we can do to better it.  In many cases the team can get some good discount off your current loan instantaneously just by advocating on your behalf.

Here’s how it works.

By confirming what your current interest rate is along with your loan balance and limit with your current lender, they will come back with a counteroffer of additional discount when we request that they do so. Once we know what their best offer is and accept it, the interest rate savings begin. The best part? You don’t have to do a thing – no documents to sign no information needed to be gathered.

Can this be done on all loans?

There are exceptions. If you are on a fixed rate we cannot seek alternate pricing, though if you are nearing your fixed term expiration, we can apply for additional discount to have lined up ready to go when it rolls off. But this should be done only a week or so prior.

We also cannot do pricing in most cases on basic or no-frills products, but it is still good to review with us as your broker may find that the basic loan you are on may in fact now be not as cost effective as when you settled and switching to a package may prove a more savvy  option.

Most lenders also only accept one pricing request per year, so you also have to wait twelve months between requests.

We endeavour to contact our clients regularly to complete pricing requests but are not able to get hold of everyone in all cases. That doesn’t mean that you can’t reach out to us and request a pricing with your lender.

So, the next time you receive an email from the team for a “Follow Up” on your loans make sure your respond, as it could translate into some serious savings!