This Valentine’s Day, play the field with your interest rate and trade up to a lender that loves you back

When couples cheat, it’s usually seen as scandalous. But when it comes to home loans, being unfaithful can actually be a good thing. Double-crossing mortgage holders – that is, those who shop around for a better deal – pay 30 basis points less on their home loan than those who stick to their current interest rate, UNO Home Loans has found. Research conducted by Core Data on behalf of UNO found 70% of Australian men and 60% of women ‘play the field’ and look for better offers than their current lender can provide. Those who do, ultimately end up paying less over the life of the loan ($1,092* per year on a $500,000 mortgage or $32,760* over a 30-year loan) than those who stay faithful. “Banks don’t always love you back for blind loyalty and not looking over the fence can have a significant cost,” UNO Home Loans chief executive Vincent Turner said. The survey of 1500 Aussie mortgage holders found homeowners who compare their rate against the market every six months tend to have an average interest rate of 4.27% compared to the 4.58% interest rate paid by those who resist the temptation to look elsewhere. Interestingly, male homeowners are more likely to cheat on their lender than women: 70% having a wandering eye compared to just 60% of female homeowners. Turner said the suitability of a home loan can change depending on a customer’s circumstances so it’s important for home owners to review their rate periodically to ensure it’s still suitable. “You may have drifted apart from your lender over the years and they may not suit your current needs – it happens,” he said. “Interest rates are sitting at low levels, so it’s a great time to play the field with your home loan rate and trade up to a lender that loves you back.” Find a deal

Key research findings**

  • 65% of Aussie mortgage holders compare their home loan interest rate against the market while a faithful 35% say they never compare
  • 70% of men look at other options compared to just 60% of women
  • Average interest rate of homeowners who compare their rate every 6 months: 4.27%
  • Average interest rate of homeowners who compare their rate every 12 months: 4.39%
  • Average interest rate of homeowners who never compare their rate: 4.58% *Calculation by UNO Home Loans comparing the mean interest rate of 4.27% among mortgage customers who compare their rate every six months with the mean rate of 4.58% among those who never compare using a $500,000 principal and interest loan over a 30-year period**Research conducted by Core Data on behalf of UNO as part of a study of 1,500 Australian mortgage holders.Book a call in with UNO

Book Call Now

UNO home loans


What our customers are saying

Gabe Windsor
October 26, 2023
What a fantastic experience using UNO Home Loans. Mike Parsons and the team were exceptional. Such an easy, hassle free experience, cannot recommend them highly enough. Mike Parsons was in touch every step of the way, and with him doing all the leg work, the transition to a refinanced home loan was a very easy one. Thank you!
Read more
Laurisa Sticotti
July 1, 2023
Scott Wilkinson has been fantastic when dealing with my broking needs. He has held my hand through every step of the way and has made purchasing my first home a much more comfortable experience than I anticipated.
Read more
Thusi Gamage
July 1, 2023
Awesome team, Very reliable and friendly. Scott Wilkinson is very experienced and knowledgeable.He guided us throughout the process and was available to help.
Read more
Omar Zazou
June 1, 2023
I have worked with Scott Wilkinson to get my home loan and he has been a massive help to navigate my first home purchase. He has taken care of all the financial details and I didn't need to worry about anything. Highly recommend him for his professionalism, patience and support!
Read more
Kelly O'Connor
June 1, 2023
You won’t find any broker better than Anita at UNO. We’ve told all our friends and family about her and will be using her for all our mortgages in the future! A stress free process from the start. She listened to our needs and was always available.
Read more
Ashley Morson
We are truly grateful for uno home loans and our broker Karis Churchill. This is our second time purchasing a home with the help from Uno and both times have been a very positive experience. Our recent purchase had many obstacles due to different factors however it was our dream home and we were up for the challenge. Our broker Karis was a true support and went above and beyond. She communicated so well with our solicitor and the real estate agents. She kept us updated through every step and kept us motivated when things seemed impossible. Uno is very fortunate to have Karis as a broker and we would highly recommend her to anyone. Our family are so happy we are now in our new forever home. Thank you so much Karis and to the uno team!!!
Read more
Ebubekir Demir
Thank you Eren for your quick and efficient turn around time to getting an approval for a loan. Will be recommending you to anyone that needs a quick and reliable loan.
Read more
No items found.