Not sure if anyone has posted this but as of yesterday Westpac increased its maximum interest rate discount for its professional package (call Premier Advantage). They will offer a discount of 0.70% off standard rates for clients with more than $500,000 of borrowings.
This offer is only available to new clients or new lending (not existing loans).
That brings its current variable rates down to:
Premium Home Loan = 6.37%
Investment Property Loan = 6.47%
Equity Access (LOC) = 6.52%The Westpac professional package includes:
– Interest rate discounts for the life of the loan. Discounts are based on total lending with the bank.
– Free loan renegotiations (e.g. increase borrowing limit, switch from variable to fixed, etc.).
– Apply for unlimited additional mortgages without paying any application fees.
– No loan monthly fees.
– No annual fee on a Westpac gold credit card.
– No monthly fees on a transaction account.
– Insurance discounts.
– The annual fee for this package is $300Cheers
Stu
Hi Stu,
Does this bring them in line with CBA? I can’t remember if their 0.7% discount applies at 500k or $1M.
CBA may do 0.70% off if lending is over $750,000.
They match CBA in the home loan stakes but Westpac’s rates are higher for investment and LOC.
Cheers
Stu
ANZ offer 0.6% for over $250k
Stgeorge offer 0.70% over $250K
Regards
Steven
Mortgage BrokerPhone: 0402483216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.auPLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
