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  • Those are good rates right now, depending on your circumstances I would go a mix of 2 and 3 years, probably 75% at 3 years but I'm conservative.
    Free online Property Investment Course from iFindProperty, a residential investment property agency.

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    • Originally posted by Don't believe the Hype View Post
      did they offer a 4 or 5 year rate?
      Didn't ask, not wanting to look that far ahead, may wish to cash up within the next 3 years

      Comment


      • Originally posted by unhinged View Post
        Offered yesterday by NZ owned bank

        We can offer the following fixed rates:
        1 year fixed at 4.19% p.a.
        2 years fixed at 4.39% p.a.
        3 years fixed at 4.69% p.a.

        We can hold these rates open until Monday the 23rd of January, 2017.

        Currently I am floating with them with a .8% discount making the rate 4.45%

        Have three properties, thinking of fixing one each at each of the rates offered
        I assume this is for refixing existing lending, right?

        Also, is your LVR greater than or less than 60%?
        www.PropertyMinder.co.nz
        # Property Management
        # Ad Hoc Tenancy Services / Rental Inspections / Terminations and Notices

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        • Originally posted by BigDreamer View Post
          I assume this is for refixing existing lending, right?

          Also, is your LVR greater than or less than 60%?
          Correct, currently all 3 floating on 4.45% LVR probably around 60% maybe 70%, at most.
          Have never had any complaints with our bank, haven't ever had to threaten to go elsewhere,
          they always seem to come to the party with decent discounted rates when asked, first time.
          Have had up to 5 mortgages and been with them for 9 years

          Comment


          • Originally posted by unhinged View Post
            Correct, currently all 3 floating on 4.45% LVR probably around 60% maybe 70%, at most.
            Have never had any complaints with our bank, haven't ever had to threaten to go elsewhere,
            they always seem to come to the party with decent discounted rates when asked, first time.
            Have had up to 5 mortgages and been with them for 9 years
            May I ask what bank is this? Is this BNZ?

            I have contacted their property investment team and noticed that they are very limited on what discounts they can provide and you must be sitting on a better than 60% LVR or else they appear to only offer their standard rates.

            Note that this only appears to have happened with BNZ from early Jan this year.
            www.PropertyMinder.co.nz
            # Property Management
            # Ad Hoc Tenancy Services / Rental Inspections / Terminations and Notices

            Comment


            • Truly terrible offer from BNZ. Represents a massive 0.1% discount off all their currently advertised fixed rates, with their current specials crossed out, presumably due to being an investor.

              50% LVR, apartment lending, $360k.

              Loan Type
              Fixed Rate Period or Variable
              Indicative Rate
              (% per annum)
              Standard or Fly Buys Fixed Rate 6 months
              5.15
              Classic Fixed Rate 1 year
              NA
              Standard or Fly Buys Fixed Rate 1 year
              4.79
              Classic Fixed Rate 2 years
              NA
              Standard or Fly Buys Fixed Rate 2 years
              5.09
              Classic Fixed Rate 3 years
              NA
              Standard or Fly Buys Fixed Rate 3 years
              5.39
              Standard or Fly Buys Fixed Rate 4 years
              5.59
              Standard or Fly Buys Fixed Rate 5 years
              5.79
              Total Money/Standard Fly Buys Variable Variable
              5.59
              Rapid Repay Variable Variable
              5.59
              What do you guys think?
              AAT Accounting Services - Property Specialist - [email protected]
              Fixed price fees and quick knowledgeable service for property investors & traders!

              Comment


              • Originally posted by Anthonyacat View Post
                What do you guys think?
                They don't like/want you!

                Comment


                • Originally posted by Wayne View Post
                  They don't like/want you!
                  Actually, we are also struggling with BNZ at the moment. We have 6 of our rentals with BNZ (rest are with Westpac and ANZ) with one of the BNZ loans coming off fixed in Feb and we have been struggling to get any discounts more than 0.2%.
                  www.PropertyMinder.co.nz
                  # Property Management
                  # Ad Hoc Tenancy Services / Rental Inspections / Terminations and Notices

                  Comment


                  • Also, they annoyingly mentioned that they now only provide discounts if we have our PPOR with BNZ as well *sigh*
                    www.PropertyMinder.co.nz
                    # Property Management
                    # Ad Hoc Tenancy Services / Rental Inspections / Terminations and Notices

                    Comment


                    • Originally posted by BigDreamer View Post
                      Also, they annoyingly mentioned that they now only provide discounts if we have our PPOR with BNZ as well *sigh*
                      what proof do they need of your PPOR?

                      In Aus I have 3 houses side by side with one bank. I changed my address on my online banking to the first one... Applied for the PPOR discount, locked rate for 5 years... Then changed address online to property no.2... Applied for PPOR discount... Guess what... Discount for no. 2... Lock for 5 years... Guess what I did then with no. 3

                      the reality is that the bank the computer tells them what to do... If the computer says no... But if the computer says yes!!!

                      Comment


                      • Originally posted by quebec View Post
                        I wanted to fix, called Westpac Wednesday and they were supposed to call me back with special rates Thursday as mine expires 30th Jan. No one called and now even carded rates have gone up. What can i do? I'm stuck with them till July, can't move.
                        Hassle them, hard!
                        www.ilender.co.nz
                        Financial Paramedics

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                        • Not BNZ. They are Aussie owned aren't they. Only one Kiwi owned bank that I am aware of

                          Comment


                          • Originally posted by unhinged View Post
                            Not BNZ. They are Aussie owned aren't they. Only one Kiwi owned bank that I am aware of
                            Co-operative Bank
                            SBS
                            TSB
                            www.ilender.co.nz
                            Financial Paramedics

                            Comment


                            • kiwibank too?
                              have you defeated them?
                              your demons

                              Comment


                              • Those BNZ investment rates look pretty standard for them at the moment. If you're at <60 LVR though you have a few options - try SBS Bank.

                                Originally posted by Don't believe the Hype View Post
                                what proof do they need of your PPOR?

                                In Aus I have 3 houses side by side with one bank. I changed my address on my online banking to the first one... Applied for the PPOR discount, locked rate for 5 years... Then changed address online to property no.2... Applied for PPOR discount... Guess what... Discount for no. 2... Lock for 5 years... Guess what I did then with no. 3

                                the reality is that the bank the computer tells them what to do... If the computer says no... But if the computer says yes!!!
                                BNZ have a new form which requires you to declare which property is your PPOR. I don't think they would let you fill in a new one for every refix, but you could try it on.

                                Was that Aussie bank ANZ by any chance? They changed to automated pricing about a year ago.
                                Your Home Loan - Wellington Mortgage Broker
                                [email protected]

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