Lender ramps up broker commission

A non-major bank has announced a temporary increase in its upfront broker commission

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AMP Bank has launched a ‘Spring Special Offer’ to third party originators in order to say ‘thank you’ for their continuing support.

From now until November 30, the lender will pay an additional 0.20% upfront commission above their standard commission rates for all loan applications, including applications for increases. Loans must be settled by close of business on Friday, January 31, 2014.

This temporary increase replaces the current temporary offer of an additional 0.10% upfront commission.

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