"We're finding the low-doc loans have been less risky of recent times, so there's no need to price them as high as we have in the past," Gino Marra, CEO, Carrington National explained. "Our low-doc loans are also staying around longer than our variable 'mum and dad' home loans - we're rewarding them for loyalty, as well." As a result of reassessing their portfolio, First Permanent has lowered its headline interest rate to 7.95%. With a previous interest rate of 8.20%, this new reduction gives them an additional competitive edge in the market. Ian Grant, CEO, explained: "A borrower's ability to repay is the most important factor in assessing risk. Despite borrowing 106% of the value of the property, our borrowers are very committed to paying off their first home or investment. We never over commit our borrowers".