News Bites

RESIMAC unveils self-employed specials

Non-bank lender RESIMAC has introduced rate cuts and new products for the self-employed as it targets more business rejected by the major banks.

RESIMAC is offering a 25 basis point discount for new "Prime" and “Alt-Doc”  self-employed customers. The special rate lasts for three months.

The lender has rebranded its “Low-Doc” product “Alt-Doc” as it now allows self-employed borrowers to provide an accountant’s letter as a form of income verification.

RESIMAC has also introduced a new “Prime Alt Doc” product for self-employed people borrowing for business purposes against residential property.