U bank home loan - any feedback to share

[MikeF]

It's for my IP ...currently with Citibank
80% is no good for me as i've already paid LMI as its 92% loan.

Thanks for that

If you don't mind going fixed Citibank yesterday came out with a 5.89% two year fixed rate.

 

[Mr T]

If you don't mind going fixed Citibank yesterday came out with a 5.89% two year fixed rate.

Thanks for that. That sounds good too!!

 

[Rickardo]

Speaking of rate - what is your best at the moment????

Cheers

Jamie

The best rate i have found from the internet lenders is uBank, has anyone found one cheaper?

 

[coolcup69]

I've refinanced with Ubank about 4 months ago. I'm very happy with the service, the online functionality and the overall rate.

 

[Marty McDonald]

^^^^^^^^^^^^
Have you actually has to do anything with the loan though? Also how long from application to settlement for the refi to go through. 3 or 4 months?

 

[Rolf Latham]

I've refinanced with Ubank about 4 months ago. I'm very happy with the service, the online functionality and the overall rate.

good to get some positive feedback

IP or PPOR ?

ta
rolf

 

[coolcup69]

It's an investment property. I also was surprised to see Ubank cut their variable rate by 40 bps (ie more than NAB).

 

[Rolf Latham]

It's an investment property. I also was surprised to see Ubank cut their variable rate by 40 bps (ie more than NAB).

nice

note that while the wholesale funds are provided by NAB in the end, the U bank product isnt "bank" at all

its actually processed via Australia's largest "non bank" lender which used to be owned by young Packer until NAB purchased it post GFC

ta

rolf