Hi,
Just have a question how people find both bankwest or AMP? Have found that Bankwest have a lower variable rate than AMP but are extremely hard to deal with. However AMP have been the opposite.Bankwest lite variable: does not allow a 99% and 1% tenants in common ratio only a 90/10. – 6.7%
AMP- allow 99/1 split and are – 6.77
Any recommendations?
All depends on what you are after?
Richard Taylor | Australia's leading private lender
I know I have a love affair with the majors but CBA, ANZ and NAB will all beat that rate. I’d pass on the AMP option – their ability to look after you in the future is limited because they don’t offer all the options / flexibility a major does.
How much is the loan and why not go with a major?
BankWest regularly have problems…
Only thing AMP going for them is that in certaint Professions they have an excellent Executive package and also a very aggresive serviceability model especially for investors.
Richard Taylor | Australia's leading private lender
Richard – what sort of package?
What do you get in what professions?
0.9% Discount for partners in the legal profession where the loan is $499K +.
No applic or annual fee.
LOC at same rate.
Richard Taylor | Australia's leading private lender
Haven't had any trouble with bankwest after 4+ years, with the exception of them wanting $325 p/a in fees for a LOC, which might prompt me to move….
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