2.99% 3 Year Fixed Rate for New Borrowings of $300,000 or More (3.53% Comparison Rate) - Virgin Money

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AssociatedLmortgagebroker on 27/06/2019 - 14:52 virginmoney.com.au (522 clicks)
Last edited 09/02/2023 - 06:57 by 1 other user

Virgin Money will be decreasing fixed rates from Friday 28 June 2019.

3 years new lending special offer
2.99% / 3.53% Comparison rate
FIXED PRINCIPAL AND INTEREST up to 90% LVR – OWNER OCCUPIED

For new borrowings of $300,000 or more and application received on or after 28 June 2019

Fees
Settlement fee - $150
Valuation fee - First Valuation – Free
Ongoing Home loan fee - $10 (monthly)

I am not a direct representative of Virgin Money, but I do offer their products through my own business.
Please contact your mortgage broker about this deal.

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• 

  xyron on 27/06/2019 - 17:12

  +2

  Offset account? available for refinancing?

  • 

    Associatedmortgagebroker @ Virgin Money on 27/06/2019 - 20:43

    Not on the fixed rate product.
    You can have an additional variable split and have an offset account on that - talk to your mortgage broker.

    Available for refinances, not from BOQ or existing virgin money loans.

    • 

      xyron on 27/06/2019 - 20:44

      Bugger, need an Offset and want it over the total loan. BankWest not competitive anymore (although frustratingly we just paid the $400 annual fee for the year).

      Weird how some banks only let you have an offset against the fixed part of the loan (NAB?) while others only against the variable part.

      • 

        Associatedmortgagebroker @ Virgin Money on 27/06/2019 - 20:51

        Why would you need it over the entire loan? If you have 100k variable portion and 100k in the offset there is no issue.

        NAB does not let you offset a fixed loan.

      • 

        sigplay on 27/06/2019 - 21:51

        We're with NAB and we can only offset the variable loan. Not sure if there are lenders who allow offset for fixed loan

    • 

      ozbloke36 on 27/06/2019 - 21:55

      Virgin last time we checked don't allow anyone on a pension to get a home loan. Even if you have 50% deposit. Was quite lame unfortunately.

      Has this changed from last year?

      • 

        Associatedmortgagebroker @ Virgin Money on 27/06/2019 - 22:03

        If you are solely reliant on a government pension it is a no.

  • 

    ComfortablyNumb on 28/06/2019 - 09:35

    The rate home loans are at now.. make your money work harder… measly 3.5% interest compared to some of the returns in other investments might be a better bet (mind you though, every cent you can get into an offset before offloading into an investment strategy also makes you $ work hard)

    • 

      xyron on 28/06/2019 - 09:37

      +1

      Yeah look, I bought my house near the peak of the market last year (in Melbourne) and am regretting it a bit but at least I have a house to call my own and something that will, hopefully, appreciate over the next decade. If I can enjoy lower interest rates while the economy goes through a lull/recession then bully for me, I guess.

• 

  edshays on 02/07/2019 - 14:44

  RBA just cut the cash rate again. Consider this before jumping on this fixed rate.