All Topics / Finance / ANZ increases discounts

Viewing 12 posts - 1 through 12 (of 12 total)
  • Profile photo of Stuart WemyssStuart Wemyss
    Member
    @stuart-wemyss
    Join Date: 2003
    Post Count: 598
    June 14, 2005 - 7:20 am

    Hi all

    ANZ will now offer 0.70% off standard variable rate for clients that have in excess of $700k of borrowings.

    Therefore, its line of credit will be 6.62% which is the cheapest on the market (note to TMA – I’m not suggesting people use LOC’s. I mostly agree with your comments).

    Cheers

    Stu

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    June 14, 2005 - 8:20 am

    Hey Stu, it was good to hear about the additional ANZ discounts. It will be even better when they aggregate all loans!

    They are almost there!!! :)))

    The Mortgage Adviser

    http://www.themortgageadviser.com.au
    [email protected]
    Essential Links

    Profile photo of Stuart WemyssStuart Wemyss
    Member
    @stuart-wemyss
    Join Date: 2003
    Post Count: 598
    June 14, 2005 - 10:46 pm

    They will aggregate loans if you have over $500k of borrowings.

    Cheers

    Stu

    Profile photo of mjamja
    Participant
    @mja
    Join Date: 2005
    Post Count: 85
    June 15, 2005 - 4:27 am
    Originally posted by Stuart Wemyss:

    Hi all

    ANZ will now offer 0.70% off standard variable rate for clients that have in excess of $700k of borrowings.

    I assume that’s over $700k of total borrowings?

    If so, *rubs hands together*, … excellent. :)

    — M.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    June 15, 2005 - 5:27 am

    St George offer a 0.70% discount for borrowings in excess of $250.000 in Vic, Qld, WA, SA, Tas & NT.
    For NSW & ACT the 0.70% discount takes effect at $500.000 total borrowing, Cheers.

    Regards
    Steven
    Mortgage Broker

    Mobile Mortgage Market
    Ph: 0402 483 216
    [email protected]
    http://www.mobilemortgagemarket.com.au

    PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

    Profile photo of mjamja
    Participant
    @mja
    Join Date: 2005
    Post Count: 85
    June 17, 2005 - 1:47 am

    Apparently St George have had that 0.7% discount for a while…

    Originally posted by Mobile Mortgage:

    St George offer a 0.70% discount for borrowings in excess of $250.000 in Vic, Qld, WA, SA, Tas & NT.
    For NSW & ACT the 0.70% discount takes effect at $500.000 total borrowing, Cheers.

    Regards
    Steven
    Mortgage Broker

    Mobile Mortgage Market
    Ph: 0402 483 216
    [email protected]
    http://www.mobilemortgagemarket.com.au

    PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    June 17, 2005 - 6:23 am

    Hi mja.
    Yes you are correct, St George certainly has been offering these discounts for a while now, Cheers.

    Regards
    Steven
    Mortgage Broker

    Mobile Mortgage Market
    Ph: 0402 483 216
    [email protected]
    http://www.mobilemortgagemarket.com.au

    PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    June 17, 2005 - 11:46 am

    Many of the lenders have 0.7% discount. They are all adjusting their products ever so slightly in an attempt to grab at market share. Just make sure that when you take the 0.7% discount, that it is not on their loaded SVR rate which used to apply to their Portfolio Loan. St George also has a lot of fees for multiple property owners and anything more than 3 properties (or splits), usually sees St George towing the line.

    The Mortgage Adviser

    http://www.themortgageadviser.com.au
    [email protected]
    Essential Links

    Profile photo of wilandelwilandel
    Member
    @wilandel
    Join Date: 2003
    Post Count: 761
    June 18, 2005 - 6:21 am

    Hi all,

    Do you have to ask for the discount on existing LOC’s, or will it automatically be reduced?

    Thanks,
    Del

    http://www.nzpropertytogo.com

    Profile photo of Stuart WemyssStuart Wemyss
    Member
    @stuart-wemyss
    Join Date: 2003
    Post Count: 598
    June 18, 2005 - 6:40 am

    Come on Del, you should know better than that…

    You will have to ask.

    Cheers

    Stu

    Profile photo of wilandelwilandel
    Member
    @wilandel
    Join Date: 2003
    Post Count: 761
    June 18, 2005 - 7:13 am

    Hi Stu,

    Oh no!! That’s what I thought you were going to say…[blush2]

    Cheers,
    Del

    http://www.nzpropertytogo.com

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    June 18, 2005 - 7:15 am

    And on top of asking, you may also need to plead, beg and threaten to take away your business!!!

    TMA

    http://www.email4money.info
    Essential Links
    First Home Buyer Website

Viewing 12 posts - 1 through 12 (of 12 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.