Your Mates Rates mortgage broker is a salaried professional and does not receive commission, however Mates Rates as a business does. The table below lists the commission Mates Rates expects to receive when we arrange your mortgage.
Your dedicated Mates Rates broker is a full time professional and does not work on a commission basis.
Mortgage Lenders at Mates Rates
| Adelaide Bank | |||
|---|---|---|---|
| Residential | Upfront | 0.715 | |
| Trail | 0.165 | ||
| AMP | |||
| Residential | Upfront | 0.715 | Effective on loans settled on or after 01/05/2010 Base Upfront 0.66% Affinity, Alliance and Select products will be paid at 0.33% LOC Facilities: upfront paid based on 75% of the net facility amount Upfront includes Connective Online Lodgment Bonus 0.055% |
| Trail | 0.187 | Effective on loans settled on or after 01/05/2010 Affinity, Alliance and Select products will be paid at 0.165% |
|
| ANZ | |||
| Residential | Upfront | 0.6325 | Effective on loans settled on or after 01/05/2011. 0.6325% Base upfront including Connective Sales Volume Incentive |
| Trail | 0.22 | Effective on loans settled on or after 15 August 2008* Trail in the first 3 years is 0.165% increasing to 0.22% in year 4 and beyond. |
|
| Australian First Mortgage Pty Ltd | |||
| Residential | Upfront | 0.71 | Flexible Option and Secure Option. |
| Trail | 0.15 | Flexible Option and Secure Option | |
| Australian First Mortgage Pty Ltd Commercial | |||
| Commercial | Upfront | 0.55 | Introducing broker receives 0.50% + GST after settlement |
| Trail | 0.10 | Up to 0.10%p.a paid monthly | |
| Australian Unity (Commercial) | |||
| Commercial | Upfront | 0.25 | Upfront fee can be added to the application fee of 0.25%. |
| Trail | 0.275 | ||
| Trail | 0 | ||
| BankWest | |||
| Residential | Upfront | 0.55 | Commission of 0.55% effective on loans settled on or after 1 March 2009 Commission is calculated and capped on a maximum loan of $3 million. |
| Trail | 0.275 | Trail effective on loans settled on or after 1 March 2009. Year 1 = 0.165% Year 2 = 0.165% Year 3 = 0.22% Year 4 = 0.2475% Year 5 + = 0.275% |
|
| Better Mortgage Company | |||
| Residential | Upfront | 0.77 | |
| Trail | 0.165 | ||
| Bluestone – Inactive | |||
| Residential | Upfront | ||
| Trail | |||
| Citibank | |||
| Residential | Upfront | 0.65 | Line of credits on settlement date. Commission paid will be based on higher of principal balance or 70% of the credit limit. |
| Trail | 0.15 | Trail is paid on following loans at 0.11% – Standard Variable, Premium Variable and Line of Credit. | |
| Collins Securities | |||
| Residential | Upfront | 0.66 | Standard Variable Product paid at 0.363% |
| Trail | 0.22 | Below trail are paid at 0.11%Premium Variable, Line of Credit, Standard Variable | |
| Commonwealth Bank | |||
| Residential | Upfront | 0.6875 | Effective for commission payments as of 1st August 2011 Base of 0.55% Submission Quality = 0.055% Conversion Ratio = 0.0825% Line of Credits are calculated on 75% of the Approved Limit. Diamond Brokers = 0.715% |
| Trail | 0.22 | Effective for settlements as of 1 July 2008 Nil trail within the first 12 months then 0.22% trail from year 2 onwards |
|
| Deposit Power (Deposit Bonds) Residential | |||
| Residential | Upfront | 22 | 22% of the fee collected for Short Term Deposit Guarantee and 16.5% of the fee collected for Long Term Deposit Guarantee |
| FirstMac | |||
| Residential | Upfront | 0.66 | Easy Livez upfront is 0.66% |
| Trail | 0.165 | Easy Livez trail is 0.165% | |
| Heritage Building Society | |||
| Residential | Upfront | 0.605 | |
| Trail | 0.165 | 0.165% for years 1 & 2, 0.22% for year 3 and 0.275% year 4 onwards | |
| GE Money – Inactive | |||
| Consumer | Upfront | ||
| Homeloans Limited | |||
| Residential | Upfront | 0.066 | Effective settlement after 1st October 2010. Minimum Loan size $50,000 Minimum size principal increase is $10,000 |
| Trail | 0.165 | 0.165% on all products expect the Ultra Plus. Trail Capped at 0.11% for the Ultra Plus Product from year 1 and beyond | |
| Homeside Lending | |||
| Residential | Upfront | 0.715 | Effective for 1st December 2010. Commissions range between 0.55% and 0.715% based on a Star Rating system which are on automatic 6 monthly reviews Lines of Credit are calculated on 75% of the Approved Limit |
| Trail | 0.385 | Effective for loans settled from 1 August 2008* trail increases over the period the client remains with the lender. Year 1 = 0% Year 2 = 0.165% Year 3 = 0.22% Year 4 = 0.275% Year 5 = 0.33% Year 6+ = 0.385 |
|
| IMB Building Society (Commercial) | |||
| Residential | Upfront | 0.66 | |
| Trail | 0.275 | ||
| ING Direct | |||
| Residential | Upfront | 0.66 | *Effective for settlements from 1 July 2010 Base up front 0.55%. 0.66% maximum upfront inclusive of GST |
| Trail | 0.22 | *Effective for settlements from 1 July 2010 Trail commission 0.165% years 1-3. Years 4 and above 0.22% |
|
| Keystart Home Loans | |||
| Residential | Upfront | 0.44 | Effective 22nd April 2010 |
| Trail | 0.11 | Effective 22nd April 2010 | |
| LaTrobe Financial | |||
| Residential | Upfront | 0.55 | Upfront can be reduced by broker to reduce application fee paid by borrower |
| Trail | 0.22 | ||
| Liberty Financial | |||
| Residential | Upfront | 0.55 | 0.55% relates to the Star/Nova Products. The loan must be submitted via LoanNET Please refer to your Liberty BDM regarding commission on the private product. Liberty Care Product – 50% Upfront of the Application Fee – No Trail (Application Fee of a max 1% or $1,000). |
| Trail | 0.22 | 0.22% relates to the Star/Nova Products. The loan must be submitted via LoanNET Please refer to your Liberty BDM regarding commission on the private product. |
|
| Loan Ave | |||
| Residential | Upfront | 0.88 | 0.88% up front on the non-conforming products |
| Upfront | 0.825 | Premium products have two options: 0.55% Option 1 & 0.825% Option 2 Advantage attracts 0.77% upfront and Flexi attract 0.55% up front |
|
| Trail | 0.275 | Applies to all products except for Advantage and Flexi. Premium products have two options: 0.165% Option 1 & 0.275% Option 2 Advantage and Flexi products attract 0.22% trail |
|
| Macquarie Bank Mortgage Solutions | |||
| Residential | Upfront | 0.66 | |
| Trail | 0.175 | ||
| Merchant Mortgages (Commercial) | |||
| Residential | Upfront | 0.55 | |
| Trail | 0.275 | ||
| MKM Capital | |||
| Residential | Upfront | 1.00 | 1.00% incl GST – 6+6 & 12 month loans 0.50% incl GST – 30 year loans |
| Trail | 0.30 | Nil -6+6 & 12 month loans. 0.30% incl GST – 30 Year loans. | |
| National Australia Bank | |||
| Residential | Upfront | 0.66 | Line of Credit: 60% of approved limit |
| Trail | 0.0 | ||
| National Australia Bank Commercial | |||
| Commercial | Upfront | 0.495 | Upfront may vary depending on product and application fee collected |
| Trail | 0 | ||
| Paramount Mortgage Services | |||
| Residential | Upfront | 0.77 | Varies on product type ranging from nil to 0.77% |
| Trail | 0.275 | Varies on product type ranging from nil to 0.275% | |
| Pepper Home Loans | |||
| Residential | Upfront | 0.66 | |
| Trail | 0.22 | ||
| St George Bank Ltd (Commercial) | |||
| Residential | Upfront | 0.55 | Upfrton amount of Aggregated customer facilities comission. $0 to $250,000 Nil, $250,001 – $2,500,000 up to 0.50% of the facility limit. $2,500,001 and above up to 50% of the establishment fee.The above is subject to a maximum upfront commission payment of $45,000 or otherwise negotiated on each referred transaction and is calculated based on total amount of finance facilities approved and settlement. |
| Trail | 0.20 | $0 to $250,000 – NIL, $250,001 and above – up to 0.20% p.a | |
| St George Bank Ltd (Residential) | |||
| Residential | Upfront | 0.715 | Effective for loans settlements from 1st September 2011.The maximum upfront commission that can be received for a standard loan is now 0.715%. Conversaion Ratio below 80% = 0.55%, Conversion ratio equal to or greater than 80% = 0.715%. |
| Trail | 0.165 | Effective for loans setltement from 1st September 2011. | |
| Suncorp Metway | |||
| Residential | Upfront | 0.66 | Effective for settlements from 1 February 2012* Base Up Front 0.50% Conversion Incentive 0.15%, |
| Trail | 0.275 | Effective for settlements from 1 February 2012. 0.15% years 1,2 and 3, 0.20% from year 4 onwards | |
| The Banksia Financial Group | |||
| Residential | Upfront | 0.55 | |
| Trail | 0.275 | ||
| The Rock Building Society | |||
| Residential | Upfront | 0.605 | Upfront commissions to reduce to 0.605% effective Nov 2008 |
| Trail | 0.22 | Trail to reduce to 0.22% effective Nov 2008 | |
| Westpac Bank | |||
| Residential | Upfront | 0.55 | Effective from settlements on or after 1 June 2008 75% of approved LOC Limit |
| Trail | 0.165 | Effective from settlements on or after 1 June 2008 | |
Last Updated 12/01/2012 – Rates include GST.
** As of Monday 16th January 2012, Mates Rates Mortgage Brokers will charge a $5.00 monthly administration fee, to maintain each monthly payment of the Cashback Rebate/s to your nominated account. Multiple loans will be made as a single payment to your nominated account and incur a single fee. Multiple payments will incur the administration fee for each individual payment. Payment method of the fee can be made as a deduction from your rebate payment each month or Charged to a nominated Mastercard or Visa credit card each month.