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 | 0.55 | |
| Trail | 0.165 | ||
| AMP | |||
| Residential | Upfront | 0.715 | Effective on loans settled on or after 1 February 2009* Base Upfront 0.66% Affinity, Alliance and Select products will be paid at 0.33% Online Lodgment Bonus 0.055% automatically included until 30 September 2009 |
| Trail | 0.187 | Effective on loans settled on or after 1 February 2009 Affinity, Alliance and Select products will be paid at 0.165% |
|
| ANZ | |||
| Residential | Upfront | 0.66 | Effective on loans settled on or after 1 May 2009* Base Up Front 0.55% Sales Volume Incentive 0.0825% Conversion Incentive 0.0% Online Submission Incentive 0.0275% Loan Size Adjustment 0.055% < $100K = -0.055% $100k to < $250K = 0% $250K to < $400K = + 0.0275% > $400K = + 0.055% Based on total/aggregate customer borrowings Lines of Credit – 75% of the approved limit. |
| 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 | 0.77 | Upfront varies from 0.77% to 1.1% depending on product. Newlend product attracts 0.44% upfront |
| Trail | 0.15 | Trail varies between 0.15% & 0.22% depending on product sold. Newlend product attracts 0.20% trail |
|
| Australian Secured & Managed Mortgages | |||
| Residential | Upfront | 0.77 | Challenger line of credit 0.55% |
| Trail | 0.275 | Origin products 0.22% | |
| Australian Unity | |||
| 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 | |||
| Residential | Upfront | 0.66 | Upfront can vary from 0.66% – 1.21% depending on product category:- Bronze – 0.66% Silver – 0.77% Gold – 1.21% 0.66% only being paid on increased loans only. |
| Trail | 0.33 | Trail can vary from 0.33% to 0.55% depending on product category:- Bronze – 0.33% Silver – 0.44% Gold – 0.55% |
|
| Citibank | |||
| Residential | Upfront | 0.77 | Line of credits 70% of approved credit limits. |
| Trail | 0.275 | ||
| Collins Securities | |||
| Residential | Upfront | 0.66 | |
| Trail | 0.275 | ||
| Commonwealth Bank | |||
| Residential | Upfront | 0.6875 | Effective for commission payments as of 2 March 2009* Base of 0.55% Submission Quality >90% 0.055% Conversion Ratio > 75% 0.0275% Online Submission>90% 0.055% Line of Credits are calculated on 75% of the Approved Limit |
| 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 |
|
| Equity Bonds (Deposit Bonds) | |||
| Residential | Upfront | 0 | 11% of the fee collected |
| FirstMac | |||
| Residential | Upfront | 0.77 | |
| Trail | 0.275 | No trail on the Fightback Premium Fixed loan in the first year. 0.165% payable in second year and beyond. |
|
| GE Money | |||
| Residential | Upfront | 1.1 | Except for those loans that are classified Risk Level 1 and have an LVR up to 80%, then 0.77% is payable. Flexible options paid at 0.77% |
| Trail | 0.385 | trail is paid at 0.385% for levels 1 and 2 and 0.495% for levels 3,4,5. |
|
| GE Personal Loans | |||
| Consumer | Upfront | 2.75 | 2.75% of the loan amount to a maximum of $1300. |
| Heritage Building Society | |||
| Residential | Upfront | 0.605 | For settlements after 1 February 2009 0.605% up front |
| Trail | 0.165 | For settlements after 1 February 2009 0.165% for year 1 and 2 0.22% for year 3 0.275 for year 4 and beyond |
|
| Homeloans Limited | |||
| Residential | Upfront | 0.715 | Effective settlement after 2 January 2009 |
| Trail | 0.22 | 0.165% on all products except for the Premium Saver for years 1 and 2 then, 0.22% on all products except for the Premium Saver for years 3 and beyond Trail capped at 0.11% for all Premium Saver products from year 1 and beyond. |
|
| Homeside Lending | |||
| Residential | Upfront | 0.715 | Effective for 1 November 2008* 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% |
|
| ING Direct | |||
| Residential | Upfront | 0.66 | *Effective for settlements from 1 January 2009 Base up front 0.55% Bonus: 0.11% Settlement Volume is >$200m and Conversion Ratio is between 50% – 60% |
| Trail | 0.22 | *Effective for settlements from 1 October 2008 Trail commission 0.165% years 1-3. Years 4 and above 0.22% |
|
| Keystart Home Loans | |||
| Residential | Upfront | 0.77 | 0.66% for new and increased loans submitted manually by fax 0.77 for new and increased loans submitted electronically |
| Trail | 0.22 | ||
| LaTrobe Financial | |||
| Residential | Upfront | 0.275 | Upfront can vary from $500 to 0.55% depending on product range and application fee paid by the client. Premium Full Doc facilities paid at $300 per facility. |
| Trail | 0 | Trail is to be included in borrower rate maximum of 0.40% | |
| Liberty Financial | |||
| Residential | Upfront | 1.1 | LOYALTY PARTNER = 1.10% for AAA product and 1.375% for Non AAA products NON LOYALTY PARTNER = 0.77% for AAA product and 0.99% for Non AAA products |
| Trail | 0.33 | LOYALTY PARTNER = 0.33% for AAA product and Non AAA products NON LOYALTY PARTNER = 0.22% for AAA product and 0.275% for Non AAA products |
|
| 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 |
|
| Mainstream Capital Corporation Pty Ltd | |||
| Residential | Upfront | 0.77 | |
| Trail | 0.275 | ||
| Merchant Mortgages | |||
| Residential | Upfront | 0.55 | |
| Trail | 0.275 | ||
| MKM Capital | |||
| Residential | Upfront | 1.001 | 1.001% short term. 0.88% long term. |
| Trail | 0.33 | Nil for short term. Up to 0.33% long term being loaded onto the rate. |
|
| Mortgage Asset Services | |||
| Residential | Upfront | 0.77 | |
| Trail | 0.22 | ||
| National Australia Bank | |||
| Residential | Upfront | 0.66 | Line of Credits: 60% of approved limit |
| Trail | 0 | ||
| Paramount Mortgage Services | |||
| Residential | Upfront | 0.77 | Varies on product type ranging from nil to 0.77%, refer direct to BDM |
| Trail | 0.275 | Varies on product type ranging from nil to 0.0275%, refer direct to BDM |
|
| Pepper Home Loans | |||
| Residential | Upfront | 0.935 | Pepper Clean & Pepper Plus paid at 0.935% inclusive of GST Pepper A,B & C paid at 1.045% inclusive of GST Maximum upfront of $22k inclusive of GST |
| Trail | 0.385 | Pepper Clean & Pepper Plus paid at 0.385% inclusive of GST Pepper A,B & C paid at 0.385% inclusive of GST. |
|
| RAMS | |||
| Residential | Upfront | 0.66 | Effective on loans settled on or after 15 September 2008 0.66% for all products. |
| Trail | 0.165 | Phase 2 effective on loans settled on or after 1 January 2009 is now 0.165% Up front only option – no trail applicable Phase 1 paid 0.22% effective on loans settled between 15 September 2008 and 31 December 2008 |
|
| St George Bank Ltd | |||
| Residential | Upfront | 0.77 | Effective for loans settlements from 1 July 2008* Base upfront commission is 0.55% with the option to add; 0.11% via electric lodgment - 0.055% if LMI/LEF applies – 0.055% if application to settlement conversion rate is achieved. |
| Trail | 0.275 | Effective for loans settled 1st June 2008 * Base trail of 0.165% with the option to add; 0.044% to trail if home loan book run-off rate is achieved – 0.033% if an active transaction/sun account is attached - 0.033% if an active Home Loan Protection Policy is attached |
|
| Suncorp Metway | |||
| Residential | Upfront | 0.66 | Effective for settlements from 1 February 2009* TARGET BUSINESS Base Up Front 0.495% Conversion Incentive 0.0825% Electronic Submission Incentive 0.055% File Quality Incentive 0.0275% NON-TARGET BUSINESS 0.00% Upfront FIXED RATE LOANS 0.33% Upfront |
| Trail | 0.275 | Effective for settlements from 1 February 2009* TARGET BUSINESS Nil trail year 1 0.22% trail applies to years 2 and 3 0.275% trail applies to years 4 and thereafter NON – TARGET BUSINESS Nil trail year 1 0.22% trail applies to years 2 and 3 0.275% trail applies to years 4 and thereafter FIXED RATE LOANS Nil trail year 1 0.11% trail applies to years 2 and 3 0.165% trail applies to years 4 and beyond |
|
| 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 20/07/2009 – Rates include GST.