HSBC Home Value Loan 3.99% PPoR only

Discussion in 'Loans & Mortgage Brokers' started by david2015, 11th Aug, 2015.

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  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
     
    david2015, 11th Aug, 2015
    #1
  2. jaybean

    jaybean Well-Known Member

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    wow
     
    jaybean, 11th Aug, 2015
    #2
  3. Bran

    Bran Well-Known Member

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    Is there an offset??
     
    Bran, 12th Aug, 2015
    #3
  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.
     
    FireDragon, 12th Aug, 2015
    #4
  5. 380

    380 Well-Known Member

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    One more reason to buy/build PPoR!:)
     
    380, 12th Aug, 2015
    #5
  6. Hodor

    Hodor Well-Known Member

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    max LVR?
     
    Hodor, 12th Aug, 2015
    #6
  7. 380

    380 Well-Known Member

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    Seems like 80%

    And $7.5m max borrowing!
     
    380, 12th Aug, 2015
    #7
    Hodor likes this.
  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!!!
     
    sumterrence, 12th Aug, 2015
    #8
  9. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker 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.
     
    Peter_Tersteeg, 12th Aug, 2015
    #9
  10. 380

    380 Well-Known 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.
     
    380, 12th Aug, 2015
    #10
    sumterrence likes this.
  11. Corey Batt

    Corey Batt Well-Known 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.
     
    Corey Batt, 12th Aug, 2015
    #11
  12. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus 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%.
     
    Jess Peletier, 12th Aug, 2015
    #12
  13. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker 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.
     
    Peter_Tersteeg, 12th Aug, 2015
    #13
  14. Jess Peletier

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

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    Absolutely - both those rates are for beggars only :)
     
    Jess Peletier, 12th Aug, 2015
    #14
  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.
     
    sumterrence, 12th Aug, 2015
    #15
  16. smator

    smator Well-Known Member

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    Interesting, I'm borrowing around 900k with Westpac, rate is 4.23% after discount
     
    smator, 12th Aug, 2015
    #16
  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.
     
    Shahin_Afarin, 12th Aug, 2015
    #17
  18. Jess Peletier

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

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    You need a broker that begs ;)
     
    Jess Peletier, 12th Aug, 2015
    #18
  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..
     
    smator, 12th Aug, 2015
    #19
  20. smator

    smator Well-Known Member

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    Guess I need my broker to beg harder

     
    smator, 12th Aug, 2015
    #20
    legallyblonde likes this.
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