Search results

On the NAB ones i have done they have always advised me that the fixed rates are their Com Fixed Rates and are normally 1 % higher. Hence we use the 6.74% base rate product.

This is the Base rate variable loan so only changes with movements in official interest rates. Never done a fixed rate under this product as they are done as Commercial loans using Residential security but i am sure they offer fixed rates just couldnt tell you what the rates are off the top...

NAB - 6.74% through the right Commercial office.

Sharon You know we do your work for nothing ................

Yes Alistair dont you just love them. What sort of a product are Westpac offering ? I have done about 6 of these types of loans now and each time have had problems with the documentation or the valuation or the evidence of income or the Deed. The list goes .........

My sentiments exactly however in saying that at the presentation in Qld from the head of Credit they advised us there would be NO discounts on interest rates, application or Line fees irrespective of the number of deals you did or the size of the deal. We were told if you didnt like then take...

Hi Stuart You have hit the nail on the head. Talk about wanting to X the T's and double dot the i's. And clients say we dont earn our commissions lol

Pat I agree all of the SMSF lending we have done to date has been done with the second tier lenders bit it was a refrsshing change to see one of the majors hit back. Admitedly the product details are typical NAB (nice fat half yearly line fee etc) and at 65% LVR they wont be getting any...

I see the NAB are the first of the majors to enter the market with a reasonable priced product for SMSF but as usual a very conservative LVR. Hopefully this will cause the others to be a little more adventurous in their policies.