Mortgage solutions

Macquarie is offering eligible clients the ability to fix and prepay their mortgage interest for the next 12 months at a discounted fixed interest rate.

Prepaid interest allows your clients to lock in their interest rate for the coming year and may provide tax efficiencies.

Key dates

11 April	Eligible client mailing with educational flyer and details for registering expression of interest
11 May	Expressions of interest close for prepaid interest
1 June	Cut-off for submission of new loan applications with all supporting documentation (loans must settle by 18 June)
15 June	Applications for prepaid interest close and final payments are required

 

Key eligibility criteria

The loan must be:

• unregulated (for investment purposes)
• a variable rate account
• interest only - I/O expiry date must be after the prepaid interest maturity date (i.e. 30 June 2012)

The loan must not be:

• in arrears or hardship
• over the approved credit limit
• a construction loan

To find out more, speak to your Macquarie Bank Mortgage Solutions Business Development Manager.

 

This is a limited offer and is subject to the lender's discretion. This offer is only available to eligible clients. Fixed rate loans may be subject to significant break costs. Clients should refer to their loan contract and terms for details of break costs.