Online mortgage broker and active home loan manager, uno Home Loans has added ME bank to its panel of lenders, increasing the total number of lenders it works with to 30.
One of the key benefits ME has for uno customers is they offer owner occupier rates on funds used for investment purposes, so long as the majority of the total debt is used for owner occupier purposes. For example, customers can refinance a $500,000 owner occupier loan, borrow $400,00 to invest in a property and the entire $900,000 will be written at owner occupier rates.
ME also enables borrowers to provide six months of rental history to demonstrate genuine savings.
“ME has created a unique set of products and policy which seek to offer home loan customers genuine savings and flexibility – a great alignment with our offer,” uno’s CEO Anthony Justice said.
“We are excited to be working with ME as they have a great purpose-led brand set on helping everyday Australians.”
uno is the first online mortgage broker affiliation for ME, which is owned by industry superannuation funds including AustralianSuper, UniSuper, Cbus, HESTA, and HOSTPLUS.
“The broker channel is fundamental for ME to deliver on our core purpose of helping all Australians get ahead, as a big part of that involves getting people into home ownership,” ME’s CEO, Jamie McPhee said.
“ME entered the broking channel in 2011 and this partnership with uno is an important step in the bank broadening reach of our home loans to new customers.”
This information in this article is general only and does not take into account your individual circumstances. It should not be relied upon to make any financial decisions. uno can’t make a recommendation until we complete an assessment of your requirements and objectives and your financial position. Interest rates, and other product information included in this article, are subject to change at any time at the complete discretion of each lender.