Recent content by Bill.M.

Westpac have become very aggresive with mortgage pricing for new business. Not sure how you will go with the retention side of things. I'm sure it would depend on your relationship with the bank and the value of your business. As mentioned previously, the bank is focussed on earning all of...

The Bank Managers have been given authority to approve pricing requests on mortgage lending & deposit interest rates. Westpac has invested heavily in their new 'Westpac Local' model and as someone mentioned earlier - bringing back the local Bank Manager that can get things done on the spot for...

As many have already said - it's not just about the rate here bigbucks.. if you're not careful, what looks like a 'cheap' deal may not be the best option for you and might sting you in the long run. Spend an hour of your time to speak to your bank/broker to discuss your plans/goals for future...

Fee to switch is usually $300 - however this is waived if you are a current premier advantage package customer. LMI kicks in at 80% - but if your simply switching products with no additional borrowings your existing lmi policy won't be altered.

wow, didn't think it would be such an issue with a major. All it takes with WBC (& CBA I think) is a phone call to the call centre.

I would contact the bank. From my understanding of the recent policy changes with Westpac - they will still honour the application under the 'old' guidelines for up to 90 days. Obtain your application number from the Personal Banker and call their Mortgage Centre in Adelaide to see what can...

I had signed the contract - no valuation was required because they relied on the purchase price/electronic assessment as the val - and no exception to policy was required so there was no need for it to be referred to a credit analyst for a manual decision. A pre-approval can usually be issued...

Hi Richard, I work for the bank & am not experiencing any delays with my applications unless it's in a regional area and the valuer takes a week to get out there. But most applications, especially if no exception to policy is required are being approved within 1-2days. I handed in my...

What are the current turnaround times brokers are experiencing atm? Dealing directly with the bank, approval generally won't exceed 24-48 hours at the moment. Bill

Hi there, I work for WBC - not sure about other lenders but at the moment WBC, 2 years, Interest paid in advance, 5.09%.

Great rate - what features do they offer with their fixed rate loans? Are they going to suit your needs? As Rolf said, no 100% offset available however some lender's will allow a redraw facility on fixed rates. WBC for example with do 3 years - 5.59% on premier advantage package with...

WBC - 5 years 6.39% - 0.2% on pro pack. Net rate 6.19%. Includes flexibility of unlimited redraw should you require access to additional funds & allows up to $25k p.a extra repayments. Some lenders do not allow such flexibility on their fixed rate loans - sometimes (depending on the...