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Virgin Money Home Loan Fixed 5 Yrs Owner 2.49%, Investor 2.99%, Investor IO 3.19%

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Virgin Money will be decreasing 5 fixed rates for new lending, from 28th August 2020. This is a new offer.
If 5yrs is not for you, contact us for low 1-2 yr or variable rates from 2.19% with other lenders plus up to 0.4% broker rebate.

If you see other offers on Ozbargain eg Unibank, Teachers Mutual, Health Professionals, contact us to obtain a price beat guarantee on the same product. eg broker rebate up to 0.4%+. Ozbargain does not allow brokers to post duplicate offers if already posted on Ozbargain, but most brokers have access to all the same lenders and products.

5 year fixed OO P&I up to 80% LVR
2.49% p.a. CPR: 2.87% p.a.

5 year fixed INV P&I up to 90% LVR
2.99% p.a.CPR 3.36% p.a.

5 year fixed INV IO up to 90% LVR
3.19% p.a. CPR 3.41% p.a.

PLUS
$2500 refinance cashback to end by 29th November 2020, with loans now required to settle by 28th February 2021:
Offer applies to a minimum loan amount of $300,000 and up to 80% LVR
Offer applies to new borrowings only
Customers will need to open a companion account alongside their loan. The $2,500 cashback² payment will be credited to the companion account.

PLUS
Up to 0.4% Broker Rebate for purchase or refinance (available via Broker only, not via the bank).
In ADDITION to bank rebates, we have up to 0.4% rebate of loan size (net of offset ie balance owing) for ANY bank or product (Paid 50/50 at 2 and 24 months after settlement).

$200k x 0.2% = $400 Broker cash rebate
$300k x 0.3% = $900 Broker cash rebate
$500k x 0.3% = $1,500 Broker cash rebate
$1m + x 0.4% = $4,000 Broker cash rebate

We have access to other $3,000 bank rebate per property including big 4 banks, discounts of up to 2.05%, $1 LMI for first home buyers and $2,000 purchase rebates.

Let me know if we can help.

Len
Bundle Property Home Loans
T: (02) 9698 7186
M: 0422354868
E: [email protected]
ACL 445947

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closed Comments

  • 2.49% over a 5 year period is probably the sweet spot (it’s hard to think rates will fluctuate too much over the next 5 years), but just to remember a few things:
    - break fees on the loan will be extremely expensive
    - if your circumstances change you’re in a bit of strife
    - if you’ve got a decent chunk of offset this probably isn’t for you

    • I don't think that locking 5 years at this rate is good to be honest.
      The difference is only 0.15% p.a. with ING full offset. This is $750 in a year difference in interest on a $500,000 loan. So if you have $48K in your offset, you're better off with ING, and do not need to be locked in for 5 years.
      The above was just an exercise and you need to do your own due dilligence and look at other banks for a better rate.