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JIT, Thanks, but I only need a 70% lend to get this built so no LMI. Upon completion I might top up some LOC's and stretch that LVR, but for now it should be a simple lend. The only complication is the trust ownership structure hence the business section contact at NAB. Cheers, Michael

Another vote for WBC being no good at present... I posted earlier that I'd been given 100bp discount until March and was asking where to from here and there response was back to 80bp no discussion. I said I've got $2.5M in loans but they wouldn't budge. Something about me not bringing them...

Hi Marty, Just tried today so will let you know how I get on. I asked for 110bp for life with WBC. Might not get it but 0.9% isn't good enough. Cheers, Michael

Ditto and Ditto... They've already agreed to .9% ongoing once my three month 1.1% period lapses, but I think I'll push for them to retain the full 1.1% discount indefinately. Cheers, Michael

Rang up my personal banker, joy from Westpac... ;) WBC have lifted my discount to 100bp until March and agreed to review it then to 90bp ongoing. And they reiterated that my development loan pre-approval still stands and would attract the same discounts. Every little bit helps. Cheers...

Hi apk, I get 85bp off the standard variable with WBC under their professionals package. I get two offset accounts which I use extensively with about $200K-$250K in them at present. My total lend is quite a bit more than yours though so contributes to this discount. Cheers, Michael