BMM is always looking to maintain competitiveness by updating its products in line with the ever changing Australian property & home loans market. The changes to BMMs home loans & commercial loan products in late 2015 are listed below. To stay up to date with BMMs home loans & commercial loans, interest rate & policy changes; keep an eye on this page throughout the last few months of 2015. For even more insight into BMMs full doc loans, low doc loans & specialist loans and a weekly selection of BMMs best products; subscribe to our mailing list.
OS Product Suite – For Non Resident Borrowers *NEW PRODUCT*
BMM has introduced three new products for Non Resident borrowers, their new line of products the OS Product Suite contains the new OS Leo, OS Leo Commercial & OS Premium.
ABL Alt/ Low Doc Loans Product Suite
The ABL Fixed Rates have had a change to its rates, seeing Year 3, Year 4 and Year 5 ABL Fixed Rates reduce by 0.25% (for Investors only). This investor rate reduction now means that for Year 3, Year 4 and Year 5; Owner Occupied and Investment loans have the same interest rate.
CapComm Commercial Suite
BMM has made some changes to the Capcomm Commercial suite; including: discontinuing the Capcomm Plus, updating the rate & policy for CapComm Gold & New Start. See the updated Rate Sheet.
The Capital Specialist Suite has recently been updated with an increase to it’s variable interest rate. The variable interest rate for the Capital Specialist suite has risen between 0.20% & 0.30%, depending on the LVR & whether the product is full doc or Alt / Low Doc. Currently the lowest rate in this suite is the Capital Specialist Gold Full Doc <60% LVR 5.54% (Comp. Rate 5.79%)*.
We have made a few changes to the Flexi Suite, increasing the Flexi Elite & Ultimate Suite 0.20%, whilst increasing the remaining products in the Flexi Suite by 0.10%. Currently the lowest rate in this suite for full docs is the Flexi Elite Full Doc <55% LVR 4.50% (Comp. Rate 4.55%)*.
BDM QLD & WA