Today, we have added two new floating mortgage rate offers to our mortgage rate database.
The are from Liberty Financial and their related brand Mike Pero Mortgages.
This is the first time in quite some while that a new mortgage lender has appeared on our pages.
Their rate is 5.69% for floating terms, and they compare with other non-bank insitutions as follows:
| Non-bank lender | Floating | |
| % | ||
| First Mortgage Trust | Residential, from ... | 6.70 |
| General Finance | Residential, from ... | 5.95 |
 |
Residential Prime | 5.69 |
| Residential investor ≤70% LVR | 5.69 | |
 |
Residential Prime | 5.69 |
| Resimac | Standard LVR <80% | 5.19 |
Both the new brands listed today do offer fixed rates when requested but these are not carded at present.
The Mike Pero Mortgages rate is available for Prime borrowers and they are able to receive an on-the-spot conditional approval from a Mike Pero adviser.
The Liberty Financial rate published is also for Prime borrowers including residential investors.
Liberty is able to lend to borrowers with diverse backgrounds including, self-employed, low and gifted deposits, residential and residential investor, low-doc and those who may have some adverse credit events in their past.
If the borrowers credit is not 'Prime', actual rates are on each borrower’s circumstances and the lender's assessment of each opportunity. None of these sort of rates are in our tables because they involve risk premiums.
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