HomeMate.com.au

This home loan product [Uhomeloan] is aimed directly at it main two Competitors, Westpac and CBA, because it is a mortgage refinancing only product.
Another giveaway is that the new home loans attract no fees on the standard variable loan.

Mortgage exit fees are the name given to deferred establishment fees, these fees are to offset bank costs for setting up the loan in the first place.
They have a long standing history of being charged, even though one would reason that this was the purpose of charging interest rates [to cover the cost of such work.]
By deferring the establishment fees, and letting them disappear after the loan was 5 years old, or even less, it had three effects.

Government plans to give banks the ability to collect a full credit profile of mortgage credit applicants your finances profile before you get your mortgage