Yellow Brick Road chief executive officer group funding and lending Andrew Zanchetta said: “This has been an exciting year as we have been operating in the lowest rate environment in history. However, there is a growing amount of uncertainty as to what’s ahead for 2016. We’ve dropped the fixed rate on our split loan to provide the network with a market leading product suitable for customers that want a red hot rate locked in over the next two years but also the flexibility of the variable rate loan.”
The fixed rate special is for owner occupiers and investors alike. The variable rates on the remaining portion of the loan currently run from 4.26 per cent to 4.74 per cent depending on the type of loan repayment, purpose and the amount.
“Our network is finding customers are becoming more interested in protecting themselves from the volatility of the variable rate market by locking in a fixed rate. However, many fixed rate home loans either disallow, or limit, extra repayments into the mortgage. But by keeping a portion of your mortgage as a variable rate loan, you have the flexibility to make as many extra repayments as you want while also ensuring that some of your debt is market-linked. That way it won’t leave you high and dry if rates drop again,” Mr Zanchetta said.
The product was manufactured by Yellow Brick Road’s mortgage manager to provide a strong fixed-variable combo deal that the network can provide to clients concerned about volatility.
Customers looking for more information on the Yellow Brick Road Group’s Fixed Rate Combo Special can contact or visit a Yellow Brick Road branch or a Vow accredited broker.
For more information, contact:
Branch PR and Communications Manager
Yellow Brick Road Wealth Management
T 02 8226 8295
M 0450 769 337