Macquarie Bank Named AFG Major Lender of the Year – Here’s Why
Macquarie Bank was recently named Major Lender of the Year by Australian Finance Group at their annual Broker Awards ceremony. This comes as no great surprise as they are one bank consistently delivering excellent outcomes for their clients.
As one of the lenders who offer upfront valuations, this makes the process much more streamlined and efficient. If equity position will be a mitigating factor in deciding whether an application will be viable, having the provision to have this information prior to loan lodgment is extremely handy. Furthermore, it shaves off valuable time during the assessment process if waiting on a valuation to be returned is not required.
Quick turnaround times
It is no secret that in the last twelve months both market and global factors have impacted service levels across the board in the lending market. Extraordinarily, Macquarie has maintained its incredibly fast service delivery with applications on average being picked up in less than 4 hours for preliminary assessment and in less than 10 hours for full assessment. This can prove crucial when there are strict deadlines that need to be met.
Whether you are looking for a basic product or a loan that is part of a package, Macquarie’s rates are extremely competitive. As an owner occupier paying Principal and Interest, you can expect to enjoy rates in the low 2%’s. The basic loan has no annual fee to complement its low rate which makes it perfect for those looking for a simple lending solution. The lower your loan to value ratio, the lower the rate you have available which is often the reverse with many lenders.
If you like managing your money out of several accounts, you will be pleased to know that Macquarie offer up to 10 offset accounts per home loan account. This means you don’t have to be penalized by keeping your money separated for specific reasons, such as a holiday account, children’s accounts, etc
A digital first bank
Being committed to efficient and future-proof processing Macquarie’s end to end customer experience is geared towards being totally online. One of the first lenders to roll out electronic document signing, Macquarie has always been at the forefront of innovation. Their banking app for smart phones also makes managing your money simple and securely in the palm of your hand.
If you have been considering pursuing other lending options Macquarie could be a bank that is worthwhile taking a second look at. Your Blackburne mortgage broker will be able to walk you through the different products rates and features that may potentially help you reach your financial goals sooner.
We recommend checking in with your mortgage broker annually to ensure your rate and product are still in alignment with your goals so contact us to ensure you are not missing out on the great savings on offer.