Thanks for all the info guys. As I said, I have no intention of moving (although the ANZ deal did have me thinking) it was more an exercise to see if I could squeeze any more discount out of Westpac.

Probably an hour and a half of my time all up and I’ve managed a 0.1% discount which will save me around $400 in the first year alone. Pretty…[Read more]

Alrighty, Westpac have increased to an offer of 0.9% discount and will get back to me later today or tomorrow.

Pretty happy with that.

Thanks guys.

This might be a bit of a silly question, but here goes;

A broker organised the original Westpac loan for me. Should I speak to him about changing ?? Or will his commission be reduced or cut by changing providers ??

I don’t mind if he organises the new loan for me If I do go with ANZ, but I want to be confident my interests are at…[Read more]

I’ve spoken to CBA, NAB and ANZ about what they can offer.

CBA and NAB were both 6.76%, however ANZ blew them out of the water and offered 6.65% (0.9% discount) and package fee of $395 waived in the first year.

Ill put that to Westpac today and see what they can do.

Thanks Jamie, I really don’t intend on switching but I want Westpac to think I will to get the best possible discount.

From what I’m hearing what they’ve offered is pretty good so I guess my original question still stands – should I go with the .05% or take the $395 and “have a great night out” as the guy said ?!?!

I didn’t pay LMI due to having a guarantor.

Does this help my cause much?

I think I will ring CBA and see what they can offer. If its better, then I will use that in my negotiations

Westpac

Curious as to why you asked that Richard, are some banks easier to negotiate with than others ?

Thanks guys, that answers my question.