• expired

2.19% Fixed 2 Years Owner Occupied + 6 Mth Hardship Repayment Freeze + 0.3% Bundle Rebate @ ANZ

2650
ANZ 2.19% home loan fixed 2 year owner occ + 0.3% bundle rebate. LOWEST EVER BY BIG 4 BANK.
UPDATE 1/4/2020: 2.49% investor fixed 2 years. We are currently at 2-3 business day turnaround, thanks for your patience.

ANZ is the ONLY big 4 bank to pass on the emergency cut of -0.15% to variable rates

ANZ also allow a request to defer/freeze home loan repayments for up to six-months for hardship subject to approval.

Other big 4 offers: CBA/NAB/Westpac 2.29% fixed 1-3 years. Not passing on of any cuts to variable.

ANZ increased refinance rebate to $4000 for loans above $250k (must lodge by 31/5/2020)

Available under:
- Simplicity Plus: no annual fee, free redraw.
- ANZ Breakfree package, including offset account, redraw, premium credit card. Annual fee $395.
Can be split with variable 100% offset. Fixed has break costs if closed before expiry. No break costs under variable.

ANZ variable rates

Simplicity Plus
2.72% (CPR 2.76%) owner occupied P&I
3.12 (CPR 3.16%) investor P&I (approx +0.3% interest only)

Package (subject to pricing approval)

2.69% (CPR 4.30%) owner occupied P&I (Approx +0.5% interest only)
3.09% (CPR 4.37%) investor P&I (approx +0.2% interest only)

ANZ fixed rates

2.19% (CPR 3.91%) fixed 2 year owner occupied P&I
2.49% (CPR 4.53%) fixed 2 or 3 year (CPR 4.37%) investor P&I
2.69% (CPR 4.55%) fixed 2 or 3 year (CPR 4.40%) investor P&I interest only IO

PLUS ANZ bank rebate (lodge by 31/5/2020)

$4,000 loan size above $250k

Total Fees eg NSW & VIC incl GST

https://www.nswlrs.com.au/getattachment/
https://www.propertyandlandtitles.vic.gov.au/

Mortgage discharge fees $143.5 (NSW), $116.80 (VIC)
Transfer/Mortgage Registration fee $143.5 (NSW), $116.80 (VIC)
Title search $14.70 (NSW)
Legal/settlement fee from incoming lender – Approx $100-$350
Discharge admin fee from outgoing lender – Approx $250-$350
Total fees approx $650 - $800 in most cases.

PLUS 0.3% Bundle Rebate (available via Bundle Property Home Loans only)

In ADDITION to bank rebates, Bundle Home Loans gives a rebate of 0.3% of loan size (net of offset at settlement drawdown. ie balance owing) for ANY bank or product.

Why should I fix?

Given it's now obvious banks are no longer passing on any more rate cuts as predicted and cash rate is at 0.25%, a low fixed rate can still save you more money as you can get an immediate benefit from today as opposed to waiting for a drop.

Always worth doing a calculation for your situation, eg:

If you have an existing loan and your rate is 3.18%, fixing at 2.68% will save you 0.5% each year.
On a $500k loan, that is a saving of $2500 every year.
If you're saving 0.5% and go with a lender giving rebates eg Westpac $6,000 for 2 properties, plus our Bundle Rebate of $1,500, that's a further $7,500 in rebates, plus $2,500 interest savings, you are getting a benefit of $10,000 in just one year!

update We are receiving many enquires from previous deals and are replying within 2-4 days. If it's an urgent purchase or fixed expiring, pls write "URGENT" in subject or text and we will contact you ASAP. Thank you for your patience and we will reply to each and every enquiry (in case we miss one, please send me a DM).

Len
Bundle Property Home Loans
T: (02) 9698 7186
M: 0422354868
E: [email protected]
ACL 445947
Disclaimer:
The information provided is for general education purposes only and is not intended to constitute specialist or personal advice. This has been provided without taking into account your objectives, financial situation or needs. Because of this, you should consider the appropriateness of the advice to your own situation and needs before taking any action. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy.

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closed Comments

  • Hi. Looking at refinancing from my current bank. But I've been with them for just over one month. Will ANZ allow me to refinance with them?

  • +1

    has anyone refinanced their loan with Len and completed the process. can you please advise how the process was?

    emailed him yesterday to refinance but keen to other some feedback

    • -1

      4 days and no reply, bit annoying but i guess will go to another broker to get the 4k cashback

      • Pretty sure Len has left the building.

      • Hi sorry we missed your email. We should have answered all emails up to 10 May ie 2 business days. If we missed your email by accident, pls call or PM me here. Thanks for the patience

    • A bit late, but I have now finished up the refinance process with Len, pending discharge and settlement with ANZ.

      Feedback was slow at start for me due to the volume of request from this and other deals posted around the same time.

      Subsequent to that, I was getting email response pretty quickly and even on weekends. Worth noting as it was my first time going through refinancing, I was worried and sent quite a lot of email, which Len calmly replied to.

      General slowness in process of loan but that is on ANZ side, rather than Len's end.

      • How long did it take from when you sent your documents/forms to when your refinancing application was approved?

        It has been 4 weeks for me (as of today)!

        • I provided a breakdown on the third page of this comment but copied below for you to see:

          "Application submitted first week of April due to some additional requirement give COVID-19.

          Third week of April - queries from ANZ as well as requirement to do a full valuation.

          Valuation performed 23rd April, value has decreased but does not impact loan rates or our split of fixed/variable.

          Received final approval 13th May. Going through final steps with regards to settlement and discharge with my current loan provider.

          Key things to note is significant backlog during this current period of time, especially given people caught wind of the $4k rebate and low fixed rate, a fair number of my colleagues are also going through the process.

          Len go it across the line, and I would probably go with him again in 2 years time for the 0.3% rebate."

  • Len is replying to people - albeit slowly. I think he and his team are inundated but they are trying!

  • +1

    Apparently ANZ are also inundated.

    Got an email from him on 24/4 which stated that they expect "ANZ to provide approval within 1-2 weeks, but this may extend to up to 3 weeks due to the high level of volume they are receiving."

    Now - 6/5 - almost 2 weeks later and still nothing - so it looks like this waiting is going to extend to 3 weeks!

  • Is there any tangible benefit in refinancing through this broker for the ANZ 2.19% fixed deal vs going direct to the bank?

    • +1

      You will get an additional 0.3% cashback from this broker - in addition to the cashback paid by ANZ.

      Note that the broker's cashback is based on your balance - so depends what your loan balance is, it may be a significant reward.

      Example:

      If your "loan balance" is $400,000 then you get an additional $1200 from this broker in addition to the $4000 from ANZ (which is all you'll get if going direct to the bank)

  • I emailed Len more than a month ago and haven't received any reply at all. Ended up going direct and awaiting an update from ANZ since signing the app 10 business days ago.

    • Hi, very sorry we obviously missed your email. Did you try to call us? Good luck with the application.

  • Please ignore this message

    • No I will not!

  • Hi Is this deal still available?

    • Yes, but the $4,000 rebate offer expires on 31 May - so you need to get your application in ASAP!

  • Why is this marked expired if we have until May 31st to apply? It specifically states application date and not approval date.

    • The $4k is still available until 31 May. But ANZ 2yr fixed owner occ Is now 2.29%. It’s still a good deal. No changes To other rates.

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