Liberty LVR and rate reduction

Discussion in 'Loans & Mortgage Brokers' started by jins13, 5th May, 2017.

Join Australia's most dynamic and respected property investment community
Tags:
  1. jins13

    jins13 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    2,358
    Location:
    Sydney
    Hi,

    Apologises if this question has been asked already. Talked to Liberty today and I was told that even if a property's LVR is under 80% (Currently over 80%), the rate reduction cannot apply unless the applicant been with Liberty for one whole year. Is this correct?
     
    jins13, 5th May, 2017
    #1
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,653
    Location:
    Gold Coast (Australia Wide)
    Doubt that since such a reduction needs a new loan app wiping out the LMI policy

    ta
    rolf
     
    Rolf Latham, 5th May, 2017
    #2
    jins13 likes this.
  3. jins13

    jins13 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    2,358
    Location:
    Sydney
    Thank you @Rolf Latham for your help and mentoring as always.
     
    jins13, 5th May, 2017
    #3
  4. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,572
    Location:
    Sid en e - olympic city

    I do not think they are into giving discounts, more likely you will disclose something for them to raise your rate.....

    Beware of questions like, do you have more than one child ? (joking)
     
    dabbler, 5th May, 2017
    #4
  5. jins13

    jins13 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    2,358
    Location:
    Sydney
    Customer service was rather lacking and seemed to be like "We have all the power" type of mentality due to being a niche lender.
     
    jins13, 5th May, 2017
    #5
  6. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,572
    Location:
    Sid en e - olympic city
    They have all the power.

    They have you now and are starting to squeeze :)
     
    dabbler, 5th May, 2017
    #6