BankWest unveils new home loans and website

BankWest is hoping to alleviate the strain of home loan repayments with a new rate and a new website to help first-home buyers crack the market.

In addition to offering low-interest home loans at 5.99 per cent on a two-year fixed deal, the group has also revamped its websites to take the hassle of getting on to the first rung of the property ladder.

BankWest mortgage boss Paul Vivian said that for many first-home buyers, the prospect can be very daunting.

To alleviate this, the new site aims to provide “valuable information such as tips to finding your own home, property checklists, moving guides, borrowing calculators and stamp duty data”, he said.

Meanwhile, the new website doesn’t neglect those already on a mortgage either, offering detailed advice for those who want to refinance or switch their existing home loan.

The new fixed-rate reduction follows a similar slice made to variable home loans, which came down to 7.65 per cent following the Reserve’s 75 basis point cut earlier this month.ADNFCR-1761-ID-18884962-ADNFCR