Flexi First Option News Today

Mortgage rates for new customers of the big banks are up 0.32 percentage points more than the central bank’s official rate rises this year, new data shows.

This as loyal customers face eighth hike

In one small leap for banks and one giant leap for prospective homeowners, the big four bank has announced a plan to approve home loans in as little as ten minutes. The system, which launches in the

The broker channel will be able to utilise the big four bank’s new digital mortgage process following its roll-out to select direct customers at the end of this year.

Customers refinancing to Westpac’s Flexi First Option basic home loan will be the first to access the bank’s new digital mortgage, set to roll out in the final quarter of this year. Westpac Bank

Adds new digital features within its banking app.

Borrowers will be the biggest winners in this battle for new businesses, expert says

The bank said a new home loan approval system would be integrated into its core IT system and offered to customers, allowing it to surf the refinancing wave.

Westpac made several changes to its home loans suite today, most notably cutting the discounted variable rate on its Flexi First Option by 20 basis points for both owner occupiers and investors.