NAB nabs 29bps

Discussion in 'Loans & Mortgage Brokers' started by Till Kingdom Come, 27th Jul, 2015.

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  1. Till Kingdom Come

    Till Kingdom Come Well-Known Member

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    The gravy train chugs along.
     
    Till Kingdom Come, 27th Jul, 2015
    #1
  2. Till Kingdom Come

    Till Kingdom Come Well-Known Member

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    ...awaits Westpac announcement.
     
    Till Kingdom Come, 27th Jul, 2015
    #2
  3. Biz

    Biz Well-Known Member

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    My body is ready.
     
    Biz, 27th Jul, 2015
    #3
  4. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    BankWest have also adjusted the rates for one of their products. Effective immediately there's a 30 point difference between owner occupiers and investors on their super start home loan.
     
    Peter_Tersteeg, 27th Jul, 2015
    #4
  5. KDP

    KDP Well-Known Member

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    When does the NAB changes come in? I'm looking to fix a couple of loans now with them.
     
    KDP, 27th Jul, 2015
    #5
  6. channon

    channon Active Member

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    Think its only for interest only loans, so P&I ones wont be affected?
     
    channon, 27th Jul, 2015
    #6
  7. 2FAST4U

    2FAST4U Well-Known Member

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    Correct. It only applies for new and existing interest only loans.
     
    2FAST4U, 27th Jul, 2015
    #7
  8. Phar Lap

    Phar Lap Well-Known Member

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    OO's included?
     
    Phar Lap, 27th Jul, 2015
    #8
  9. liverpool77

    liverpool77 Active Member

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    yes apparently OO as well
     
    liverpool77, 27th Jul, 2015
    #9
  10. liverpool77

    liverpool77 Active Member

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    it said just over a third of NAB's outstanding home loans were interest-only in the latest March half so quite a lot of people! OO's will likely switch to P+I so they'll catch the investors that way.
     
    liverpool77, 27th Jul, 2015
    #10