When fixed rates ends, what then?

[en_]

All loans are with CBA.

Have fixed rates loans that are expiring 17/10/2015 (4.79%) and 12/12/2014 (5.3%).

What will these revert to once they're out?

Other loans are on variable 4.45%.

When can I start calling them to re-negotiate better rates? i.e now? a month before expiry or after?

 

[Terry_w]

standard variable with your discount. Plan to call about a month ahead.

 

[ZachAnSel]

All loans are with CBA.

Have fixed rates loans that are expiring 17/10/2015 (4.79%) and 12/12/2014 (5.3%).

What will these revert to once they're out?

Other loans are on variable 4.45%.

When can I start calling them to re-negotiate better rates? i.e now? a month before expiry or after?

If you have plan to accumulate, perhaps seek possibility to refinance with other lender. I'm not sure how long the fixed rates before, and how long you with CBA.
Good chance you have equity available for withdrawn

 

[Jamie M]

What's your total loan amount and LVR with CBA?

Cheers

Jamie

 

[en_]

Loan amount is 1.8m, LVR is ~70 - 75% we think.

 

[Redom]

Loan amount is 1.8m, LVR is ~70 - 75% we think.

Hey mate, give them a call. Your rate should come down a little (to around 4.35-4.40%).

Usually best to speak to them a month or so before fixed rate expires.

Cheers,
Redom

 

[jpcashflow]

Hi

Hi,

There are other lenders out their who are offering competitive variable and fixed rates.

 

[Jamie M]

Loan amount is 1.8m, LVR is ~70 - 75% we think.

Ok cool - you're in a VERY good position to negotiate.

When you talk to them - mention your LVR is at 70% so the costs of a refi aren't going to be overly burdensome. There are also some lenders providing refinance rebates - so mention that too. Good luck!

Cheers

Jamie