ME Bank does the dirty and raises rates 0.41% for existing investor clients - PropertyInvesting.com

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DeanCollins
Participant
@deancollins
Join Date: 2015
Post Count: 376
August 29, 2015 - 10:52 am
Wow how sucky is this
– http://www.smh.com.au/business/banking-and-finance/bendigo-bank-raises-housing-investor-loan-interest-rates-02-percentage-points-20150827-gj91ur.html
I’m so glad I didn’t go with ME bank now……what a way to trash your reputation with investors – I cant imagine anyone touching them with a 20ft barge pole in the future.
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
August 29, 2015 - 11:01 am
They were never one to go to other than for their fixed rates.
But it is nasty isn’t it. Many people would be stuck and unable to move from them now because of tightening serviceability assessments
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
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Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Don Nicolussi
Participant
@don
Join Date: 2005
Post Count: 1,086
August 30, 2015 - 6:17 pm
Again – it seems all I am doing lately is agreeing with Terry when I come on this forum but with Mebank withdrawing from certain niches the are really of zero interest to investors atm.
- This reply was modified 9 years, 3 months ago by Don Nicolussi.
Don Nicolussi | Property Fan
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