I've never used them for SMSF. Last time I looked it was abotu 5.60% pa which is cheap, but the app fees were around 1.5%. On $500k that would be $7,500. But that would save about $2k in interest per year compared to St George.
I've never used them for SMSF. Last time I looked it was abotu 5.60% pa which is cheap, but the app fees were around 1.5%. On $500k that would be $7,500. But that would save about $2k in interest per year compared to St George.
We have a very strong alliance with La Trobe, so we get the right service, with the right 'direct' contacts with a reciprocal referral relationship which benefits Redwood Advisory and La Trobe. They are a leader in 'volume' in the market by a country mile, as their rate of 5.6% is less than NAB at 5.88% and Westpac a little higher.
Their app fee is 0.6% of which you will get 0.5% upfront. We have put probably 50 loans through them since November, we have connections with the Heads of and CEO. The only constructive feedback I have for them is the lawyers they use. Their charges are way higher than the other banks and personally I don't like the lawyers, they have raised issues why show a lack of knowledge of SIS and Local Stamp Duty laws. This is a work in progress. I have a strong view that lawyers should be gatekeepers in the process and when you align yourself with a local firm you are asking for trouble. If the guys from La Trobe read this I have fedback this to management since the first loan.
If you need a direct contact I will give it to you, just shoot me an email.