Bank Australia discount off the SVR

Discussion in 'Loans & Mortgage Brokers' started by spludgey, 23rd Jul, 2019.

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  1. spludgey

    spludgey Well-Known Member

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    I'm coming off fixed and just rescheduled my conversation with the bank until tomorrow.
    How hard can I push them for a discount? The SVR is 4.57%, but they're also offering a 2 year fixed for 3.74%. Am I likely to get below that or am I better off just refixing?
     
    spludgey, 23rd Jul, 2019
    #1
  2. Redom

    Redom Mortgage Broker Business Plus Member

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    What sort of product is it (INV or OO) and repayment type (P&I or IO)?
     
    Redom, 23rd Jul, 2019
    #2
  3. spludgey

    spludgey Well-Known Member

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    It's an OO P&I, but it's an IP, this is because it predates the differentiation.
    It's their "premium" loan and the total loan amount is only around $300k.
     
    spludgey, 23rd Jul, 2019
    #3