Have you heard about Connective Bridge’s new Stay Rate?
The Stay Rate relieves the pressure for your clients looking to upsize when a residual debt remains. Once they sell their outgoing property or properties, the interest rate on the residual debt will decrease to our Stay Rate. Remember, your client remains repayment free for the remainder of the term too.
This structure gives your client greater flexibility and a more competitive rate once their sale is complete. Plus, it offers you the time to confidently refinance the residual debt with the most suitable long term home loan.
| Owner Occupied | Investment | |
|---|---|---|
| Bridge rate | 7.99% p.a. variable | 8.49% p.a. variable |
| Stay rate1 | 7.04% p.a. variable | 7.54% p.a. variable |
This information is subject to change at any time, please always refer to the latest rate card in Mercury for the most up to date information.
If you have a question about our rates, get in touch with your local Bridge BDM or CHL BDM.
1The Stay Rate will apply if a repayment is made from the sale of outgoing properties (or another repayment method) and the repayment reduces the loan balance to an amount that is equal to or less than the residual loan balance stated in the offer.
