Scared of increased bank funding costs causing higher rates?
With a spate of recent articles concerning lender funding costs increasing and how our lenders might respond to recent increases in the US cash rate, we’ve seen a significant increase in fixed rate enquiries. If this has been on your mind, don’t delay in contacting us as time will be limited so far as changes permeating throughout the market.
For a limited time only let Naritas help you make the switch to Newcastle Permanent
Make the switch to Newcastle Permanent using Naritas and you could get a great rate on your mortgage & a eGift card at settlement!
- $1000 eGift card on a minimum loan size of $350,000. This offer is for residential home loans only and loans must be refinanced to a Newcastle Permanent 2, 3, 4 or 5 year Fixed Rate Home Loan from another financial institution.*
- $1500 eGift card on a minimum loan size of $500,000. This offer is for residential home loans only and loans must be refinanced to a Newcastle Permanent 2,3, 4 or 5 year Fixed Rate Home Loan from another financial institution.*^
- $1000 eGift card on new purchase finance, minimum loan size $500,000.^
|Product||Loan Purpose||Interest Rate (%p.a.)||C/R (%p.a.)|
|Premium Plus Variable P&I||Owner Occupier||3.64||4.03|
|Premium Plus Variable P&I||Investment||4.47||4.84|
|2 Year Fixed P&I||Owner Occupier||3.69||4.62|
|2 Year Fixed P&I||Investment||3.74||n/a|
|3 Year Fixed P&I||Owner Occupier||3.69||4.73|
|3 Year Fixed P&I||Investment||3.89||n/a|
|5 Year Fixed P&I||Owner Occupier||3.99||4.59|
|5 Year Fixed P&I||Investment||4.24||4.69|
- C/R appears to be high mainly due to the product reverting to standard variable at the end of the fixed term. Product can be switched or refixed at no cost to avoid this revert rate if you are on the Premium Plus Package.
- Interest only payments are available for investment lending at a 0.45%p.a. loading.
See how much you could save when you switch to Money Magazine’s Building Society of the Year 2017.
Newcastle Permanent has some of the most competitive loans in the country, and you could qualify for their special packaged home loan discount rate if you have:
- 20% equity or more for variable rate loans OR
- 10% equity or more for fixed rate loans AND
- Minimum mortgage size of $150,000
|Newcastle Permanent’s Premium Plus Package comes with a 5-star Canstar rating and a range of great features:|
|100% Offset Facility (covered by Commonwealth FCS Guarantee)||$0 annual Value+ Credit Card Fee|
|Redraw on additional repayments when you need extra cash||Deal with a lender with an extensive list of awards|
|The ability to make an additional $25,000 p.a. worth of contributions to the fixed proportion of the loan without penalty||$395p.a. fee delivers free ATM transactions via Westpac ATMs|
^Naritas Finance Cashback Terms & Conditions:
- This offer is provided by Naritas Finance Pty Ltd ABN 74 096 341 061 of Level 1, 357 Military Road, Mosman, NSW, 2088 (“Naritas”).
- This offer commences 3 April 2018 and closes 30 May 2018 (“Offer Period”).
- This offer is open to Australian residents only.
- A payment under the eGift Card Reward (“Reward”) will be paid for residentially secured home loans settled during the Offer Period subject to conditions 5 to 14 below.
- A borrower must refinance or purchase using Naritas to arrange a NPBS Home Loan Facility to be eligible for the Reward. A borrower’s loan application in conjunction with this Reward Offer will be subject to NPBS’s usual credit assessment and approval processes.
- The Reward is $1,000 where the total loan refinanced, either jointly or individually with NPBS is $350,000 or more and a fixed rate of 2 years or more is selected. The Reward is $1,500 where the total loan refinanced, either jointly or individually with NPBS is $500,000 or more and a fixed rate of 2 years or more is selected. The Reward is $1,000 where the total loan financed, either jointly or individually with NPBS is $500,000 or more and any product is selected.
- The initial loan application must be received during the Offer Period.
- The approved loan must be funded by 29 June 2018.
- A borrower is eligible for a Reward only once during the Offer Period. Once a loan application that is eligible for a Reward is received, no further loans which include that borrower, jointly or individually will be eligible for a Reward.
- Fees and charges apply to loans taken out under this Reward. Refer to the Newcastle Permanent Facts for Mortgage Loans Fees and Charges brochure or the Mortgage Loan Schedule for details.
- The Reward will be issued to the email address of the applicants after the settlement date. The Reward will not be made to the borrower in “cash” (i.e. notes and/or coin) or cheque.
- A borrower cannot transfer or assign their right to the Cashback Payment to any other person.
- Naritas accepts no responsibility for any tax implications that may arise from the Reward. The borrower should seek their own independent advice in this regard.
- Participation in the Reward is deemed acceptance of these terms.
**Special Discounted Variable Rate applies to minimum loan size of $150,000 or Loan to Value Ratio under 80% (more than 20% equity). Terms and conditions apply.
† The Comparison Rate is calculated on a loan amount of $150,000 for a term of 25 years based on monthly repayments. WARNING: This Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison Rate.
Naritas Finance Pty Ltd ACN 096 341 061, Australian Credit Licence 441723