Discount on ANZ Rates

[Orkibi]

Hi team,

Did anyone recive discount on current 4-5 years rates lately with ANZ??
we have some loans maturing soon and would like to refix...

[donthatetheplayer]

I don't think they will play ball with low equity but I know someone that just got offered a .30 discount on listed rates with ASB for the 4 and 5 year terms. ANZ should do the same?

[Maccachic]

Ill look to change banks when my term is up ANZ has nothing on National bank.

[Damap]

We got .4 off yesterday with ANZ

[hugootre]

not getting any...

[speights boy]

not getting any...

Wrong forum.

[SometimesSane]

I think it is standard to give .5% off the advertised rate to exisiting customers.

[nick_pv]

I clearly need to get on the phone with the bank then.

[Bob Kane]

Just got offered 0.3% off listed rates with ASB which I'm taking.

[donthatetheplayer]

I think it is standard to give .5% off the advertised rate to exisiting customers.

I mustn't be a big enough fish.

[Maccachic]

I have a .30% discount with BNZ ongoing.

[donthatetheplayer]

I have an ongoing .39% discount on listed floating rates with ANZ. I got similar discounts on the fixed rates also. That was last year though. Sometimes it's better to take a cash incentive over a rate discount.

[Rosco]

We get 0.75% of ANZ floating, and I think 0.5% of longer terms, but haven't fixed a 5 year for a year or so.

NZPIF membership will give you 0.25% of as a standard I think.

Ross

[Craig Pope Mortgages]

Alot will depend on loan size, LVR and rate terms (some fixed terms have bigger discounts available). Everyone on here that has quoted rates can have a different background in terms of their volume etc. ANZ can be a bit stingy on initial quotes to existing clients and 99% of the time for my clients we get better than they are on currently and/or what they get quoted by the bank. The key is knowing what ANZ are doing for other clients (with similar loans sizes and LVR) and what the other banks are doing in terms of discounts. Without knowing your bigger picture you should be aiming .50% minimum off floating/flexi and between .30-.50% off fixed - again depends on loan size and LVR.

[Orkibi]

OK Team, so far i receive a .60% discount for new flexi. this is at 5.25% instead of the 5.85% advertised rate.

By the end of the week i will let you know what we got for "reserving rates" for mortgage maturing end of March.