0 Followers
I feel as though I’d like to move away from the big 4 banks and would like to know what is the best 2 and 3 year fixed rate on investment property?
Responses
Hi Shaun,
There are a number of lenders offering fixed interest rate for investment at around 4% with principal and interest repayments based on a loan amount of $250k. The interest rates for investment interest only repayments would increase to 4.3% and more.
Please let me know if you would like to meet with me to discuss further.
Thank you Mark.
Hi Shaun,
It all comes down to whose policy you fit into. If you only need 60-70% and you have a PAYG job you may be able to get under 4% or 4.3% interest only.
Present all of your information to a broker and let them give you their 3 most suitable options based on the facts.
We would be happy to help at www.mobilelender.com.au
Cheers
Scott
Hi Shaun,
There are 3.99% rates for 3 years principle and interest under 80% LVR
There are some other good packages out there as well.
It would be worth having a chat and if you can’t save significant money you haven’t lost anything
Cheers
Hi,
Couple of banks used to offer same rate for owners occupied and investment.
Regards,
Avijit
(0426440379)
Hi Shaun,
First thing is, you've got to make sure you're fixing for the right reason. I've done a one minute video on this topic which I think you'd benefit from - https://youtu.be/Io8pnNr_D48.
In saying that, depending on your circumstances, for a 2 year fixed rate, I could get as low as 3.89%. For a 3 year fixed rate, you'd be looking at 3.99%.
Kind regards,
Tim Russell
Multipart Finance
0400 530 868
tim@multipartfinance.com.au
Hey Shaun,
What gives you that feeling - Moving away from the big banks? Sounds like there is more going on here for you.
Also, a MASSIVE question to ask is - what lenders DONT you want to go with? As many lenders are looking to secure business with clients just like you wanting a low rate and they don't have the big name and reputation as the majors, they deliberately attract you with a low rate. I have found that sometimes people shy away from them because they don't know them. This is VERY REAL for many people.
As the team have advised below there are HEAPS of smaller lenders buying for the business in the investment space and the good money is on the 2 & 3 year fixed rates
To help you digest whats going on I share with you what is available right now. as a guide.
2 year fixed Principal and Interest.
3.89% (revert to 5.14%) non majors
3.95% (revert to 4.19%) non major.
On the 3 year Principal and Interest.
3.99% (revert to 4.20%) non major
3.99% (revert to 5.23%) non major
4.09% (revert to 5.79%) non major
NOTE - This does not include fees or charges that may be applicable and a FULL analysis MUST be undertaken to establish if these products are suitable for you - As part of our regulatory obligations)
As you can see there is a difference in all of them even after the rate rolls off. So an important question for you to consdier is what are you going to do after the fixed rate period expires?
So what now needs to happen for you to move forward?
Let us know so we can appropriately help you even more.
Regards
Craig Nicholas
nicholasfs.com.au
nichoalsfs@icloud.com