Non-bank mortgage lender MA Money has extended its ‘Summer Special’ lending offer for brokers and their clients for an extra month, and also announced significant reductions for Vacant Land and Self-Managed Superannuation Fund (SMSF) Residential loans.
MA Money National Sales Manager, Tim Lemon, said the company had decided to extend the Summer Special from the original 31 January close due to an overwhelmingly positive response from brokers.
Mr Lemon said the extended Summer Special would now operate for applications submitted between 1 and 28 February 2025 and settled by 30 May 2025.
“The response to our Summer Special offering has been absolutely fantastic,” he said.
“We have heard directly from brokers about how valuable these savings have been for their clients, so we were delighted to respond by extending the offer for another month. Alongside this, we’ve also reduced rates for Vacant Land and SMSF Residential loans, reinforcing our commitment to supporting brokers with competitive pricing and flexible solutions.”
The Summer Special includes:
- 7.14% rate for Prime Full Doc & Alt Doc loans up to 80% LVR and $2m (comparison rate 7.20%*)
- No risk fee for Prime Alt Doc up to 80% LVR and $2m
- No risk fee for Prime loans $2–3m
- 0.75% risk fee for Prime loans $3–5m
- 50% off Investor and Interest Only loadings
New Lower Rates for Vacant Land and SMSF Residential
Beyond the Summer Special, MA Money has made pricing improvements for Vacant Land and SMSF Residential loans effective from 1 February 2025:
Vacant Land rates have reduced across all products and LVR bands by up to 2.45%. There are no clawbacks on Vacant Land loans.
SMSF Residential rates have reduced by up to 0.40% across all LVR bands. A new fee structure has also been implemented with the Legal Fee reduced from $2,000+GST to $750+GST, a $0 application fee and a new $399 annual fee.
For details, view the Rate & Product Guides on the Resources page.
