Best interest rate ATM for Owner occupier?

I'm currently looking to buy and in the process of getting the finance sorted out.
MB has asked me for any preferred lender and quick look around suggests there are plenty and I'm quite confused by it all.
My current scenario:
LVR <= 80%
Loan amount ~800k

Not sure what would be the best at the current situation 100% fixed or some amount in variable (80/20). Should I consider further drops (which may be insignificant)?

I have quickly sorted the following (in no particular order)
1) UBank - 2.14% 3 years fixed - no redraw/offset
2 Heard about - Virgin Money Home Loan 2.09% Fixed 2 or 3 Years Owner Occupied P&I + $2500 Virgin Rebate - no redraw/offset (I think)
- But not yet advertised.
3) Loans.com.au - 2.09 % 2 years - think no redraw/offset
4) Any better than these or which one is the best among these?

Is offset important if the fixed are really low? Do I go for offset with higher rate or no offset lower rate? (I know depends on how much cash you have or how much saving you do monthly - e.g. if saving 3k per month)
Any expert comments is highly appreciate.

Thanking in advance.

 

Say 10 years down the line. You have 400k in the offset. You want to upgrade the PPOR and keep the existing property as an investment. Compared to if you paid the 400k into the loan.

Offset might be important then, but you have to start with it.

 

whats your definition of 'best'? Are you asking about lowest?

 

Thanks for the replies.
I was thinking best as in good rate and good policies.
I wanted to be able to have the split loan feature so that the debt can be recycled later.
Any that are best in the market?

 

AMP for debt recycling, they have a 'master limit' product. - the lenders you mention in your original post are not good for anything outside the box, such as debt recycling.

 

this is the problem. What if the loan with the features you want has a higher rate? Are you ok with that?

 

I know I cannot have my cake and eat it too. I'm ok with higher rate but i wanted to know if there are lenders with lower rate that provide the features.

 

I want all the cake too. Looking for refinance cash bonuses, plus low 2 year fixed rates, with a single offset and preferably little or no annual fee! #imdreaming

 

If you sit down with your MB and walk through what your requirements are, he/she should be able to find out what the lenders are suitable for your specific financial situation.

 

Covid might make your dream come true! Some banks right now offering crazy deals because of the squeeze on their profits from covid. You can message me if you want to pick my brain

 

I've thought about this question a lot Rolf, and I don't know the answer. I just know it's what I want.

My circumstances are: IP IO, lower than 80% LVR, want to borrow up to 80% and keep the additional drawn funds in an offset against the loan; the drawn funds are ring fenced for investment purposes; will use them to pay IP related and other investment costs. I have that set up at the moment, but am chasing a lower rate and preferably a refinance bonus which I'll use for capital improvements on my PPoR (which incidentally I'll likely refinance to another lender again; but in that one, I'm chasing a better product with multiple offsets etc). I was thrown by paying the package fee of $395 at the lenders I'm looking at, but I'll do the maths and work it out

In summary, yes, a Lexus for the price of a Camry would be great! #stilldreaming

 

I think you are way over thinking this.
I think a simple No is what the broker is after.
.just asking incase you love your current bank or something.