Fixed Rate - WBC price matching?

Discussion in 'Property Finance' started by Hosko, 11th Nov, 2018 at 8:29 AM.

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  1. Hosko

    Hosko Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    156
    Location:
    Victoria
    Hi All, We have one of our fixed investment loans coming out of current fixed term in a couple of weeks.
    Most likely to go to P&I. Has anybody had any luck with WBC price matching 2 or 3 year rates of any other banks recently?
    Thanks
     
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    4,416
    Location:
    Gold Coast
    Depends on what you mean by matching :)

    some lenders arent directly comparable for various reasons

    new money for 2 year PI Investment at 3.95 is rack under the pro pack.

    CBA is still hard to beat for 2 years IO at 4.09

    though the deal of the month looks to be Bankfirst at 3.90 PI Investment fixed for 2 years at up to 95 % lvr inc lmi...........

    ta
    rolf


    ta
    rolf
     
  3. Redom

    Redom Finance Strategist Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    1,542
    Location:
    Sydney (Australia Wide)
    Should be able to get 2 year 3.95% from them. It’s the standard the majors are at for this product now. Their IO rate is a touch higher than competitors (4.15 vs 4.09), so may be able to bring that down a bit with some negotiation with the bank.