I’ll try to update:
All the majors have announced the rate cut they will be passing on.
– CBA 0.13% cut effective 19 August
– NAB 0.10% cut effective 19 August.
– ANZ 0.12% cut effective 12 August
– Westpac cut 0.14% for P&I loans and 0.10% for IO loans effective 23 AugustStill waiting to hear from second tier/smaller lenders.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
A local WA bank called P&N has passed on .26%.
Used to be great for investors and small lot developments but have pulled the pin on investment lending, only available to 70% for existing clients and the niche for “end vals” on 3 unit developments is no longer a product option.
Colin Rice | CDR Finance
http://cdrfinance.com.au/
Email Me | Phone MePerth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]
Suncorp reducing by 0.10%
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
ING has announced their rate cut:
ING DIRECT Orange Advantage variable home loan rates for existing and new investor and owner occupier customers will reduce by 0.12% p.a. effective from Monday 15 August, 2016.
All other variable home loan rates for existing and new investor and owner occupier customers will reduce by 0.10% p.a. effective from Monday 15 August, 2016.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
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