Best interest rates in the market in 2018

Discussion in 'Loans & Mortgage Brokers' started by Toilandtrouble, 1st Jan, 2018.

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  1. God_of_money

    God_of_money Well-Known Member

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    Is there any reason why Macquarie Bank not that popular among PChat? It offers 3.59%P&I (advertised 3.69% but negotiable depending on the size of the loan)
     
    God_of_money, 3rd Mar, 2018
    #61
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Long memories I guess

    And. Post settlement can be great fun

    Ta

    Rol
     
    Rolf Latham, 3rd Mar, 2018
    #62
  3. Jamesaurus

    Jamesaurus Well-Known Member

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    whats their minimum loan size for that rate?
     
    Jamesaurus, 3rd Mar, 2018
    #63
  4. Switchtronics

    Switchtronics Well-Known Member

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    Do you have much experience with Hunter for interest rates over time? How do people find ubank for pricing consistency during fluctuation in the market?

    For the brokers out there who are we finding to be great with after sales service atm but yet still offering market competitive deals?
     
    Switchtronics, 12th Mar, 2018
    #64
  5. Switchtronics

    Switchtronics Well-Known Member

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    Switchtronics, 12th Mar, 2018
    #65
  6. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    U bank is a NAB group business, that is wholesale funded

    Its run by the same Advantedge named company as NAB's white labelled products Choicelend. Fastlend, Plan Lend etc

    Pricing is pretty consistent, they tend not to employ bait and switch as much as some.

    One thing that is that one can not compare Ubank basic loans with a fully featured offset loan .

    Its not a service thing, its a risk management and tax management thing for many.

    For larger loans its hard to go past lenders like AMP, or for smaller lenders like Virgin Money, as long as you have time :)

    ta
    rolf
     
    Rolf Latham, 12th Mar, 2018
    #66
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  7. thydzik

    thydzik Well-Known Member

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    thydzik, 12th Mar, 2018
    #67
  8. Beelzebub

    Beelzebub Well-Known Member

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    What's a white labelled product?
     
    Beelzebub, 12th Mar, 2018
    #68
  9. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    Jess Peletier, 12th Mar, 2018
    #69
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  10. thydzik

    thydzik Well-Known Member

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    I was keeping it vague to encourage more discussion.

    I'm with Westpac, thinking I can do better on the investment
    3.79% PI OO $500k <80%
    4.34% PI INV $900k+ <80%
     
    thydzik, 12th Mar, 2018
    #70
  11. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Product source is the same, but resold under different names

    ta

    rolf
     
    Rolf Latham, 12th Mar, 2018
    #71
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  12. Switchtronics

    Switchtronics Well-Known Member

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    Pricing seems ok on westpac

    Im on 3.89% pi oo
    4.19% on pi inv loans atm
     
    Switchtronics, 12th Mar, 2018
    #72
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  13. thydzik

    thydzik Well-Known Member

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    Nab offered me
    something less than 3.79% easily. PI OO $500k <80%
    4.25% PI INV $900k+ <80%
     
    thydzik, 15th Mar, 2018
    #73
  14. New Town

    New Town Well-Known Member

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    How annoying is it when you're logging on to your cheapie lender's web site and its advertising a rate well below what they're charging you!!
     
    New Town, 15th Mar, 2018
    #74
  15. Lenny

    Lenny Well-Known Member

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    4 loans with CBA totalling ~1 million dollars in debt:
    - PPOR @ 4.32%
    - 3 Investment Properties @ 4.79%

    Interest only on all loans and features include an offset and line of credit.

    Is this competitive?
     
    Lenny, 15th Mar, 2018
    #75
  16. jyeung80

    jyeung80 Well-Known Member

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    3.91% with AMP. INV IO LVR<60%. Would rather not disclose loan amount. Have found AMP to be very accommodating, albeit slow to respond in some cases.
     
    jyeung80, 15th Mar, 2018
    #76
  17. Toilandtrouble

    Toilandtrouble Well-Known Member

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    Pretty standard of their recent rate, but it came down a bit over the past few weeks. Saw a pre-approval of 4.79% come in at 4.62% recently when the loan was lodged.
     
    Toilandtrouble, 16th Mar, 2018
    #77
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  18. Switchtronics

    Switchtronics Well-Known Member

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    Very solid for investment
     
    Switchtronics, 16th Mar, 2018
    #78
  19. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    id have to say that is not the average response rom our client base for existing loans , or even new loans of late.

    promise the earth with cash out for shares etc, take weeks to hatch new plots of needing statements of advice from a 19 yr old licensed planner, to the "security asset thats currently in one name needs to now be in joint names because you are buying shares in joint names" and on it goes.

    Great product for DR, but even that couldnt be relied on, with the global limit being turned off for a few mths for new loan apps.

    Love AMP, they have some great policies and products, but they do run hot and cold, and have really lacked direction since they were the first "take down" by APRA a few years back.

    ta
    rolf
     
    Rolf Latham, 17th Mar, 2018
    #79
  20. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    You can fix the IPs for much lower at the moment, but they won’t help with IO on OO - they’re trying to discourage it.
     
    Jess Peletier, 17th Mar, 2018
    #80
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