Recent content by Martin Walmsley

Under the government legislation "Responsible Lending" the conversation needs to be had, The Bank/Broker need ensure the loan can be repaid without hardship. So a direct answer is yes it will effect your application. If you have your heart set on the investment property and taking the unpaid...

Yes ANZ announce last, However all banks pass on the movement approx 20th of each month. Does not really matter when they announce they all move at the same time

4.18 with ANZ is quite an achievement. Nice work.

Agree time of the year has a lot to do with it. My rates are on 1.6 million and I was quoted this week. I have yet to push for more as my fix rate expires at the end of the month with Bankwest (they were not even in the game) I pushed them through a broker who originates through origin and...

I give up, you win. I have seen and used the pricing worksheet at three of the majors. One gives you the margin and you pick which source the business is from, giving on average 20bps different, One goes through to pricing, the branch and the broker can push higher through to the product...

Thank you You basically proved my point 4.20 obtained 1 mil lending direct through branch at NAB 4.29 ANZ 4.30 WBC I can not quote CBA as I personally would not bank with them and that is a personal preference.

You seem to be taking this as a personal attack on brokers. Banks rely very heavily on brokers as they deliver a very large portion of their book. I only pointed out that most Banks do take commission into account when negotiating on price. Banks also have the ability negotiate lower providing...

You are right, Lenders do pay their staff and set 4-5 million dollar a month targets and hefty cross sale targets and pay a 80 - 120k pa salary as a base, A broker on standard up fronts would be paid $324,000 in commission and then a $81,000 trail writing the same numbers. There is roughly a...

Go back to ANZ Ask them to rewrite your existing loan under Breakfree package (it sounds like you are on simplicity plus at the moment) Ask for a LOC under the Breakfree package as a seperate loan. Things to consider when talking with them: 1. Breakfree Package has an annual fee of...

ANZ will offer a "retention discount" in most cases, Unfortunatly their structure looks after the client with the new lending a lot better than there existing book (this tends to be the case with most banks) Your best bet is to go to the branch directly and LVR does not come into the equation at...

It is powered by RP Data and Homely. RP data provides the data behind St George desktop valuations. The figures generated will not be exact though you will not see a huge difference. When applying for a loan the valuation will also factor in sale price if it is a purchase (RP Data will not for...

Have you considered a granny flat, Ok the returns are not that attractive. A $60,000 - $80,000 granny flat may be able to add $200 per week or more. Yes the rental yields have dropped though how long does it take to tenant these houses. Keep Baulkham Hills as the growth opportunity is still...

Blue Lender The Blue smurfs as you put it will not with hold your redraw unless you have defaulted on another loan or have a restraint in place due to legal proceedings etc etc. Sounds like you spoke with a Personal Banker or teller with limited lending knowledge. It is also possible they were...