A Note From Martin Walmsley, Principal Broker
As another busy year draws to a close, I’d like to wish all our clients and friends a happy and safe Christmas and New Year period.
After spending so much time apart again this year, I hope many of you finally have the opportunity to relax and celebrate with your loved ones.
I’d also like to take this opportunity to thank everyone for your support again this year.
As a small business, every kind word, positive review, or word-of-mouth referral means the world to us, which is why we are continuing to offer a token of our appreciation for helping to spread the word about our services.
If you have an existing loan with NBS Home Loans and you refer a new friend or family member to us, and your friend or family member successfully settles a loan of $250,000 or more with us by 31 January 2022, we’ll send you a $500 gift card to say thanks for the referral. (Please contact us for more information and conditions relating to this offer.)
Read below for our December Interest Rate Update
Interest Rate Update Snapshot For Australia As At 20 December 2021, From NBS Home Loans
Owner Occupied Loans from:
Fixed: 1.94% (comparison 2.56%)
Variable: 1.96% (comparison 1.98%)
Residential Investment Loans from:
Fixed: 2.14% (comparison 2.66%)
Variable: 2.24% (comparison 2.26%)
There are also several lenders offering cashback on eligible refinances, with offers of up to $3000 cashback currently available. (T&Cs, eligibility criteria and normal lender assessments apply.)
Please contact us on 0434 103 326 if you’d like to chat further about options.
Thanks For Recommending NBS Home Loans!
As a small business, we rely largely on word of mouth referrals. In fact, around 70% of the new clients we see each year were referred to NBS Home Loans by our existing clients.
If you have an existing loan with NBS Home Loans and you refer a new friend or family member to us, and your friend or family member successfully settles a loan of $250,000 or more with us by 31 January 2022, we’ll send you a $500 gift card to say thanks for the referral. (Additional conditions apply, including a limit of one gift card per referrer per new client, so please contact us for more info.)
Christmas and New Year Trading Hours
NBS Home Loans will remain open each working day throughout the Christmas and New Year Period.
We will be closed for the following public holidays only:
- 25th – 28th December 2021 (inclusive)
- 3rd January 2021
Please note that our office hours may vary during this time, so it’s best to phone ahead before visiting the office.
Interest Rate Alert – Fixed-Rate Changes
With the RBA cash rate remaining stable since November 2020, we have not yet seen much change in the range of variable interest rates on offer from our panel of lenders. However, there have been substantial changes to fixed interest rates across the market. As widely expected, many lenders have increased their fixed rates over the past few months, particularly in terms of two years and longer.
In fact, several major lenders have each increased their fixed rates four times in the space of just eight weeks.
Despite these increases, fixed rates have remained very popular among borrowers wanting to guard against the possibility of additional future rate increases, or ensure their monthly repayments remain unchanged for a fixed period for budgeting purposes.
If you currently have a variable rate loan and are thinking of switching to a fixed rate, it’s worth having a chat with us as soon as possible so we can go through your options. Switching or refinancing your loan during a fixed-rate period can be expensive, so we can help you consider a range of scenarios before making the commitment.
If you are applying for a new fixed-rate loan, most lenders will give you the option of paying a fixed rate lock fee. When you apply for a loan, it can be several weeks or even months until the loan ‘settles’ (i.e. the time your purchase or refinance is finalised). With most lenders, the interest rate that applies to your loan is the rate as it stands on the date of settlement, NOT the date you applied for the loan. This means if rates increase between application and settlement, the higher rate will usually apply.
To guard against this risk, a fixed rate lock fee allows you to ‘lock in’ the rate as it stands at the time you apply for the loan. The cost of this fee varies between lenders, so if you are applying for a fixed-rate loan, we will go through the costs and other relevant information with you to help you make an informed decision about whether this option is right for you.
Spotlight on Local Business: Ashfield Removals
Each quarter, NBS Home Loans is proud to shine a spotlight on another great local business owned by one of our clients. In this newsletter, we’d like to introduce Franic Legal.
Each quarter, NBS Home Loans is proud to shine a spotlight on another great local business. In this newsletter, we’d like to introduce Ashfield Removals.
A family-owned and operated business covering all areas of Sydney, Ashfield Removals pride themselves on their attention to detail, their wide range of services, and their high level of certifications, accreditations and skills.
They specialise in home and office relocation, packing, event bump in/out, and the handling and transportation of sensitive equipment and specialty items, among other services.
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WHAT OUR CLIENTS ARE SAYING
“I cannot say enough about Marty and his support staff. We had excellent customer service throughout the whole process. My transport company took asset finance through Marty who managed to get it through when no one else could due to COVID – 19. If you are looking for a loan of any kind, speak to Marty.”
Financial Hardship Resources And Contacts
We understand this is a difficult time for many of our clients, friends and family. We have compiled the below list of financial hardship contacts and resources for anyone who may find them helpful.
Lenders’ Hardship Contacts
For additional information and to be directed to the relevant section of each lender’s website, please visit this page on our website: https://www.nbshomeloans.com.au/financial-resources-hardship-contacts-covid-19-australia
ANZ: 1800 351 548
Bank of China: 1800 095566
Bank of Queensland: 1800 079 866 or CustomerAssistanceTeam@boq.com.au
Bankwest: 1300 787 144
Bluestone: 13 25 83
CBA: 1300 720 814 or firstname.lastname@example.org
Connective HL: 1300 543 558
Connective Solutions: 13 73 77
ING: 1300 349 166
Latrobe: 13 80 10 or email@example.com
Macquarie: 1300 363 330
ME Bank: 13 15 63
MyState: 138 001
NAB: 1800 701 599
Pepper: 1800 356 383
St George: 1300 303 110
Suncorp: 1800 225 223
Virgin Money: 1800 701 997
Westpac: 1800 067 497
Additional Support Resources
Lifeline: 13 11 14
Suicide Call Back Service: 1300 659 467
Beyond Blue: 1300 224 636
Mental Health Line: 1800 011 511
Kids Helpline: 1800 551 800
MensLine Australia: 1300 789 978
GriefLine: 1300 845 745