Join Australia's most dynamic and respected property investment community

HSBC Home Value Loan 3.99% PPoR only

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

  1. david2015

    david2015 Member

    Joined:
    3rd Jul, 2015
    Posts:
    10
    Location:
    Melbourne
    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

    Joined:
    20th Jun, 2015
    Posts:
    1,090
    Location:
    Melbourne
  3. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,481
    Location:
    At work
    Is there an offset??
     
  4. FireDragon

    FireDragon Well-Known Member

    Joined:
    31st Jul, 2015
    Posts:
    171
    Location:
    Australia
    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

    Joined:
    19th Jun, 2015
    Posts:
    1,283
    Location:
    Australia
  6. Hodor

    Hodor Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    959
    Location:
    Homeless
    max LVR?
     
  7. Be Developer

    Be Developer Property Developer Business Member

    Joined:
    19th Jun, 2015
    Posts:
    1,283
    Location:
    Australia
  8. sumterrence

    sumterrence Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    177
    Location:
    Sydney
    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

    Joined:
    18th Jun, 2015
    Posts:
    2,492
    Location:
    Melbourne, Nationwide
    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

    Joined:
    19th Jun, 2015
    Posts:
    1,283
    Location:
    Australia
  11. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,493
    Location:
    Adelaide, SA
    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

    Joined:
    18th Jun, 2015
    Posts:
    3,360
    Location:
    Perth WA
    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

    Joined:
    18th Jun, 2015
    Posts:
    2,492
    Location:
    Melbourne, Nationwide
    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

    Joined:
    18th Jun, 2015
    Posts:
    3,360
    Location:
    Perth WA
  15. sumterrence

    sumterrence Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    177
    Location:
    Sydney
    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

    Joined:
    14th Jul, 2015
    Posts:
    96
    Location:
    Sydney
    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

    Joined:
    18th Jun, 2015
    Posts:
    693
    Location:
    Sydney
  18. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

    Joined:
    18th Jun, 2015
    Posts:
    3,360
    Location:
    Perth WA
  19. smator

    smator Well-Known Member

    Joined:
    14th Jul, 2015
    Posts:
    96
    Location:
    Sydney
    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

    Joined:
    14th Jul, 2015
    Posts:
    96
    Location:
    Sydney
    Guess I need my broker to beg harder

     
    legallyblonde likes this.