Mortgage Fine Print

[bris_cbd]

Hi,

I was wondering what terms or conditions people have attempted or been successful in adding or removing to the mortgage fine print when applying for refinancing (especially through the big banks)?

Cheers.

 

[Qlds007]

On a standard mum and dad application absolutely non at all.

For a development deal or complex portfolio then Yes you maybe able to negotiate certain terms and conditions.

 

[Perp]

On a standard mum and dad application absolutely non at all.

Yeah, that's my impression. Apart from possibly getting a good deal on interest rate, my understanding is that even some "pretty big fish" have little to no hope of getting any other terms altered. The contracts are standard.

 

[Rolf Latham]

Hiya

in some cases like Wrap contracts we have had all monies clauses removed, but thats about it

Sausage factory contracts otherwise, take it or leave it usually


ta
rolf

 

[Spectre]

you can, in some cases, get a deed (per se) done by the bank if its an issue of x-coll.

For example, nab & cba in their loan offers and small print have all monies clauses. so while you think things might not be x-secured at the end of the day they are.

With nab you can get a deed done to remove this for @$150 but with cba you cant (or thats what cba tells me...)