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HSBC Home Value Loan 3.99% PPoR only

Discussion in 'Property Finance' started by david2015, 11th Aug, 2015.

  1. david2015

    david2015 Member

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    https://www.hsbc.com.au/1/2/homevalue
    • Stay in control with the flexibility to redraw any additional payments any time.
    • Discounted rate and no ongoing monthly fees for the life of your loan.
    • Option to pay Principal and Interest or Interest Only for a maximum of 3 years. If you pay interest only, monthly repayments are required.
    • Available on new borrowings of $50,000 or more when you apply by 16 October 2015. Owner occupier only. Other fees and charges apply.
    Are they any good?

    I'm meeting with BOM tomorrow, see if they can beat this rate.

    I got Westpac to price beat HSBC's Premier SVR to 4.13% a couple months ago...just before ANZ's announcement about rate increase
     
  2. jaybean

    jaybean Well-Known Member

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  3. Bran

    Bran Well-Known Member

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    Is there an offset??
     
  4. FireDragon

    FireDragon Well-Known Member

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    Probably not, otherwise it will be in their advertisement and it's for owner occupiers only.
     
  5. Be Developer

    Be Developer Property Developer Business Member

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    One more reason to buy/build PPoR!:)
     
  6. Hodor

    Hodor Well-Known Member

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    max LVR?
     
  7. Be Developer

    Be Developer Property Developer Business Member

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    Seems like 80%

    And $7.5m max borrowing!
     
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  8. sumterrence

    sumterrence Well-Known Member

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    hmm looks good, seems like there will be a new PPOR war amongst banks very soon!!!
     
  9. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    There already is. Quite a few second tier lenders have substantially dropped owner occupied P&I rates. The Big 4 don't seem to have really caught on yet though, they're still more focused on buffering their cash reserves.
     
  10. Be Developer

    Be Developer Property Developer Business Member

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    @sumterrence

    As a developer of new affordeble dwellings, can't wait to see comp among FHB.

    Emotional FHB buyers always pay more then more expirenced property investors.
     
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  11. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

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    Decent rate, but similar products already in the market for both owner occ + investors and with offset account access at the same rate.

    The marketplace is getting very competitive in the owner occupier space as of late, whilst investor loans are flailing.
     
  12. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    WBC will go to 4.15% for a sub $500k ppor my BDM is telling me. CBA doesn't want to compete though, they would only go to 4.25%.
     
  13. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    Jess the difference is that many of the second tiers are simply offering it up through their standard pricing. The Big 4 are making you beg for it.
     
  14. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    Absolutely - both those rates are for beggars only :)
     
  15. sumterrence

    sumterrence Well-Known Member

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    anyone heard how's STG doing? I'm with WBC at the moment but thinking refi to STG if their rates are better.
     
  16. smator

    smator Well-Known Member

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    Interesting, I'm borrowing around 900k with Westpac, rate is 4.23% after discount
     
  17. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    Westpac will easily do 4.20% on a sub $500k loan plus you get the $1,500 rebate.

    Whats more appetising is the no LMI @ 85% LVR.

    That's not necessarily to say that Westpac is the best option - it just needs to suit your personal circumstances.
     
  18. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    You need a broker that begs ;)
     
  19. smator

    smator Well-Known Member

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    What's the $1500 rebate for? LMI was reason I went with Westpac originally, but turned down due to location of property..
     
  20. smator

    smator Well-Known Member

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    Guess I need my broker to beg harder

     
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