Summary

BORROWER

  • 92% Win Rate: The borrower is almost always better off.
  • Tax Ruling: Supported by ATO Product Ruling PR 2017/3.

LENDER

  • Increase Market Share: Unique product offering significant benefits.
  • Increase Profit: Interest margin maintained.  Dollar profit increases.
  • Scope: Any mortgage product can incorporate an Index Mortgage option.
  • In Force Book: Existing mortgages can be be simply converted.
  • Sticky: An Index Mortgage book should suffer significantly lower churn.
  • Customer Engagement: Natural cross-sell to wealth management products.

“We believe the Index Mortgage will drive a sea change in the mortgage market …”

Citigate Dewe Rogerson, LaunchSure Report