All Topics / Finance / ANZ Cut rates another 0.25%

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  • Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    October 17, 2008 - 8:50 am

    Just received an email from ANZ saying they are cutting variable rates another 0.25% in addition to the recent 0.80%.
    effective Monday 27th October 2008

    Good news, lets hope the other banks follow.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of roslynnchalwell@yahoo.com[email protected]
    Member
    @roslynnchalwell-yahoo.com
    Join Date: 2003
    Post Count: 67
    October 17, 2008 - 9:11 am

    That is great news especially when my IP loan has just come off a fixed rate of 7%.  I received a letter just before the last rate cut saying that my new rate would be 9.37% now 8.57% still higher than my home loan.  I rang them up to negotiate a better variable rate and was asked if I wanted to fix it again, which I thought was pretty funny and of course my answer was NO.

    Still waiting for a loans person to get back to me.  Don't see why I have to pay more than I do for my home loan and I have all my accounts, loans and company accounts with them.  Hopefully they will come to the party.

    Ros

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    October 17, 2008 - 12:03 pm
    [email protected] wrote:
    That is great news especially when my IP loan has just come off a fixed rate of 7%.  I received a letter just before the last rate cut saying that my new rate would be 9.37% now 8.57% still higher than my home loan.  I rang them up to negotiate a better variable rate and was asked if I wanted to fix it again, which I thought was pretty funny and of course my answer was NO.

    Still waiting for a loans person to get back to me.  Don't see why I have to pay more than I do for my home loan and I have all my accounts, loans and company accounts with them.  Hopefully they will come to the party.

    Ros

    Hi Ros,

    Don't forget you may be eligible for discounts on the professional package of up to 0.70% – which could get your rate down to around 7.62%.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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