Mortgage manager drops fixed rate to 4.99%

Allstate Home Loans has lowered its one and two-year full doc fixed rate to 4.99% (CR 5.69%) to assist its broker partners in writing and settling more business.

General manager, Tony Shield, says the mortgage manager is continuing to look for ways to support the broker market and ‘take the fight’ up to the banks.

“We believe this special fixed rate offer combined with our service and turnaround standards and competitive commissions will generate great interest in the market.”

Shield says the one and two-year fixed rate offers:

• No application fee
• No annual or account keeping fees
• No LVR band restrictions
• Optional 100% offset account
• Construction option available
• Cash out permitted
• Full internet banking
• Competitive commissions payment