New facilities included «honeymoon» loans, a wider range of fixed - rate loans and the introduction of «basic»
loans at substantial discounts to the standard variable - rate home loan, with similar conditions to those offered by mortgage managers.
They've been able to tap the equity markets for capital
at a
substantial discount to their competition and are in turn likely charging a premium rate for the equity they issue back to customers in business
loans, personal lines of credit or mortgages.