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That's because the look cheap. In the long term they tend to be quite expensive despite advertising a cheap rate. They're a perfect example of demonstrating that a cheap rate doesn't mean a cost effective loan. BW consistently cost borrowers more than the competitors with higher rates.

I take it you're putting in the initial pricing request with a dummy number, then go back and re-apply for the pricing once you've got the actual application number? I've found a couple of emails with the BDM or pricing department (depends on lender) gets a good result if you use the email as...

It's possible to make pricing requests with some lenders prior to submitting an application, but it's not confirmed until the lender actually sees the application.

You're not getting anything special with this product, it's the standard rate and it's unlikely that the CBA would negotiate on any product outside of their professional package. You'll generally be able to get a better deal if you only borrow 80%. If you borrow more the CBA will charge a...

What LVR is it? The CBA will give a modest discount for a $300k loan, but how much will also depend on the LVR.

Of course you have an advertising budget, it just doesn't have your name on it. Every lender spends millions every month on brand awareness and advertising, this has a direct outcome on each individual employees ability to do business. A laptop may cost $1200 but behind that there's...

Martin you might want to add to your salary the cost of the car a mobile banker drives, the cost of office space, the laptop and software (and IT support) you use to get a loan approved. Have a think about how much a major bank spends on brand awareness and marketing and spread that figure...

I hope you're not going off 5% as a PAP benchmark. As far as brokers are concerned, a $750k loan at 80% starts at 4.5% and only goes down from there. There is virtually no such this as a non-negotiated rate in our office these days. I wasn't aware that the people working in the branches or...

The rates you can negotiate depend on the total amount borrowed, the LVRs, loan structures and frankly how valuable you are as a client to the bank. Yes, you can probably get better rates than what you're currently on, even possibly within ANZ. How much better really depends on the factors...