By Oliver Smith on Friday 28 August 2020
86 400 will be the first digital bank to list its mortgages on Uno.
Digital bank and mortgage lender 86 400 has partnered with Australian online mortgage broker Uno to list its lending products.
Since launching its first home loans, as mortgages are called in Aus, in December 86 400 has expanded its line-up to include fixed and variable rate options, as well as tiered variable rates based on deposit sizes.
86 400’s rates now start from 2.59 per cent for owner-occupied properties with a 40 per cent deposit.
“uno’s customer-first approach to doing business aligns really nicely with our own – helping Australians take control of their money,” said 86 400’s CEO Robert Bell.
“Our smarter approach to home loans not only includes the great rates you’d expect, but also a streamlined digital application process and a super-fast time to approval, meaning borrowers can own their home sooner – without sifting through piles of paperwork.”
Uno’s online broker model is not dissimilar from the likes of Habito and Trussle in the UK, it helps borrowers search across 30 lenders and then monitors their mortgages to see if a better deal crops up in the future.
86 400 will be the first digital bank to list its mortgages among Uno’s otherwise traditional lenders.
“Our number one goal at uno is to make the home loan process easier and more transparent to help our customers start on a great rate and stay on a great rate,” said Uno CEO Anthony Justice.
“We know our customers want to do more online, so being able to bring on a digital lender to complement our digital broking offering is a critical step in our mission to be the go-to place for a fast and competitive online home loan.”