Homeloans Ltd has announced that it will now cover the cost of one standard valuation up to $300 per application on its Homeloans Ultra product range.

The lender recently cut the variable rates of its Homeloans Ultra products, reducing them by eight basis and a further 10 basis points on loans greater than $500,000.

Homeloans Ultra variable rates now start from 4.79% (comparison rate 5.12%).

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan