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Thanks Peter, that was what I mean (ie. adding another 5 years). Is there a requirement that the property currently must be an IP or can this be done on existing PPOR as well? Somehow I have in my mind that for PPOR the max IO term is only 5 years.

Given the changes in lending criteria that have been coming through lately (and more to come), how easy is it to apply for a IO loan for a new PPOR (ie. getting pre-approval for IO loan before going out to buy a PPOR)? Wouldn't the lender want you to do P&I repayment if you tell them that it'll...

If I am only 1 or 2 years into the 5 year IO period with CBA or Westpac, can I request for an extension now (say to 10 years) without the lender requiring full application or reassessment? Or can this only be done closer to the end of the 5 year period?

Has AMP already changed their servicing calculation or will that take effect on Monday? Will it affect applications submitted before Monday?

So in working out an example for the first scenario (main residence first), say the property was purchased in Year 1 for $1m, it becomes income producing in Year 3 at which a formal independent valuation is $1.2m and in Year 10 it is sold for $1.5m, then for CGT purposes, is the cost base now...

Do you mind sharing why you would avoid ING?

What crackdown did APRA do?

That's unheard of. Well done! Care to share more details?

That's a good offer if it's true.

ANZ leads the pack, passing on the rate cut on 12 Feb. Suncorp Bank is by far the worst, applying the rate cut from 27 Feb.

You can put through a pricing request on fixed rate? I thought you can do so only for variable rate?

One of the exclusion is if they refer to a higher credit authority for further assessment. What's stopping them from telling us that they have done this to save $500 in the even that they can't turn it around within the promised time frame? Also I don't quite get the other exclusion of...

What if you refinanced to another lender partway through the year, do you get a part refund of the annual package fee?

I wonder if that's a sign of things to come in the industry or if that's a tactical move by CBA to grab market share at expense of margins.

I think it's a matter of timing. The majors are competing aggressively in Jan/Feb for variable rate market share. You probably wouldn't have gotten the additional discount in Oct/Nov last year. That's just my opinion.

At your request? How did you negotiate and what is your loan value/range?

How is valuation done on an OTP property? Say the contract was signed 2 years ago and construction is completing in 2-3 months time. As part of the loan application process (if I were to apply today), will the lender's valuer make reference to sale contract prices of other OTP units in the...

Regardless, shouldn't you dump your savings in the offset account anyway?

4.73% is a really good rate too! I wonder if NAB is getting desperate. But yes if I were you I'd go for the one with higher borrowing capacity too. And don't you get $1.2K bonus refinancing offer from SGB too?

Are they crossed-collateralised?