A friend of mine called last night and said that their interest rate has just gone up to 8.44% … is any body else being effected … D
I'm with adel bank on a variable loan. Havent been informed of anything as yet. They are usually very good with that type of thing.
They will not be alone.
I have it on very good authority that the majors will all be increasing their rates before Xmas irrespective of whether the RBA move again.
The other product which will be withdrawn or amended is the Pro packages as at 0.7- 0.9% below SVR there is no money to be made.
Richard Taylor | Australia's leading private lender
a lot of the low doc lenders have increased their rates more than the 0.25% recent RBA increase – some by as much as 1%.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Qlds007 wrote:They will not be alone.I have it on very good authority that the majors will all be increasing their rates before Xmas irrespective of whether the RBA move again.
The other product which will be withdrawn or amended is the Pro packages as at 0.7- 0.9% below SVR there is no money to be made.
Richard, if the pro packs are going and rates going up maybe a good time to fix current loans ?
Qlds007 wrote:The other product which will be withdrawn or amended is the Pro packages as at 0.7- 0.9% below SVR there is no money to be made.Crap ! I hope you're wrong ! The pro packs have been great for me ! ..
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