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By Tim Neary
March 9, 2011
Putting its money where its mouth is, Westpac has cut rates across a number of its mortgages.
Yesterday, the bank announced it will cut the interest on its two, three, four, five and 10 year home and investment property fixed loans, according to The Adviser.
Last week, Westpac's general manager broker distribution Huw Bough told the broker news service that the major was determined to ramp up its level of market activity by offering a suite of competitively priced products.
In addition he said the bank was "continually seeking" feedback from its broker partners, asking them what product or policy areas could be improved.
Related Story
Westpac's Gail Kelly sides with smaller lenders on fee ban, promises rates cuts to borrowers - Gail Kelly has hit out at moves by the federal government to ban exit fees on home loans.
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