Major cuts rates
09 MAR 2011
1 min read
Finance
The war between Australia’s major lenders shows no signs of abating, with Westpac slashing interest rates across a number of its mortgages.
Yesterday, the major announced its plans to cut the interest on its two, three, four, five and 10 year home and investment property fixed loans.
Westpac cut up to 0.20 per cent from the various products, taking its two year fixed rate to just 7.39 per cent from 7.54 per cent.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Just last week the lender announced plans to increase the maximum amount it is willing to lend customers, increasing its maximum loan to valuation ratio (LVR) to 95 per cent.
You need to be a member to post comments. Become a member for free today!