Along with recent interest rate increases, lending criteria and serviceability requirements have also been on the rise.

We understand that this may make it difficult to refinance mortgages with ease, potentially adding even more uncertainty at a time when the cost of living and increased rates have already been an impact for many households.

What does this mean? Essentially it means that your refinance application can be calculated on a lower rate than what is normally required by using a ‘1% buffer’ rate instead, making the serviceability requirements easier to achieve while still adhering to responsible lending standards.

Not all lenders are able to offer this option, but because we are backed by some of Australia’s most powerful lenders, we can offer you the chance to take advantage of the 1% buffer.