Interest Rate Update & Home Loans | Newsletters | July 2021

A Note From Martin Walmsley, Principal Broker

It seems every time I send out a newsletter there’s another COVID lockdown. I hope everyone is keeping safe during the lockdowns currently happening all over Australia, including in the Greater Sydney region. Despite the lockdowns, my team and I are still available to assist clients, so please don’t hesitate to contact us on 0434 103 326 or by email at marty@nbshomeloans.com.au.

As always, if the latest round of lockdowns has caused any financial difficulties for you, it’s important to remember that lenders have provisions in place to assist borrowers experiencing hardship and we are here to help point you in the right direction.

The last three months have been very busy for us as clients continue to take advantage of the low rates on offer. We’re also thrilled that many clients have already taken advantage of the property management services we offer through NBS Real Estate.

If you have an investment property within a 20km radius of Seven Hills or Gosford, why not consider taking advantage of our discounted property management rates available exclusively to NBS Home Loan clients:

4% + GST for NBS Home Loans clients (or 3% + GST for granny flats)

or

5% + GST for non-NBS Home Loans clients.

Read below for our March Interest Rate Update

Image Portrait photo of Martin (Marty) Walmsley, CEO, NBS Home Loans, Best Home Loans Finance Broker, Seven Hills, Sydney
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Interest Rate Update Snapshot For Australia As At 5 July 2021, From NBS Home Loans

Owner Occupied Loans from:
Fixed: 1.84% (comparison 2.29%)
Variable: 2.09% (comparison 2.14%)

Residential Investment Loans from:
Fixed: 2.19% (comparison 3.04%)
Variable: 2.29% (comparison 2.34%)

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.

NBS Home Loans In The Community

NBS Home Loans is proud to sponsor several community events. We’d love you to pop the following upcoming dates in your diary.

St Ives Food and Wine Festival
10am – 4pm Sunday 12th Sept 2021
St Ives Village Green

Join us for a fun-filled day of food, wine, lifestyle stalls and children’s activities. Entry is free.

The Red Dust

22-23 Sept 2021
Chatswood Concourse

A new Chinese-Australian fable performed by Marion Street Theatre for Young People.

Secure your tickets by clicking here.

The Family Home (Single Parents) Guarantee

As part of the 2021 Budget, the Federal Government announced a new scheme to help single parents secure their own homes. The scheme, which operates similarly to the First Home Owners Deposit Scheme, allows eligible single parents to purchase a home with as little as a 2% deposit.

In most cases, buyers require a deposit of 20% of the value of the home, otherwise, they are required to pay lenders mortgage insurance (LMI). This is a type of insurance that protects the lender – not the borrower – against losses resulting from a reduction in the property’s value, and can typically run to tens of thousands of dollars. Under the new scheme, eligible buyers can avoid paying LMI as the Government provides a guarantee in lieu of LMI.

Up to 10,000 places will be available over 4 years from 1 July 2021 for eligible single parents with at least dependent. An income cap of $125,000 per household applies, and applicants must intend to live in the home they purchase. Unlike the First Home Loan Deposit Scheme, applicants under this scheme may previously have owned a home.

It’s important to note that eligible applicants must still demonstrate they can afford the ongoing repayments associated with the loan and should be aware that there are risks and benefits associated with participating. Not all lenders are participating in the scheme and places are limited, so if you are interested in finding out more, please speak to us on 0434 103 326.

Spotlight on Local Business: Scope Link Barcode Technologies

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 Scope Link Barcode Technologies.

With 15 years of experience, this Sydney-based company provides barcode tracking solutions to companies all over Australia. They specialise in asset and inventory tracking, freight tracking, warehouse and logistics systems, event management, custom software developments, and much more. Their goal is to provide easy and straightforward solutions customised to each business, regardless of the size or type of operations, and to help businesses run more efficiently and cost-effectively by eliminating the use of manual tracking systems. They also pride themselves on providing exceptional knowledge, service, training and support for every solution and product they offer.

For more information or to see how Scope Link can assist your business, visit www.scopelink.com.au or call (02) 8006 6644.

WHAT OUR CLIENTS ARE SAYING

When we thought it was going to be impossible to refinance and change titles, Marty made it happen! After several attempts to do so with other inexperienced brokers over the last few years, Marty had the extensive knowledge that was needed to assist us in refinancing. We had been turned away or told that no banks would “touch us”, he worked tirelessly with us to get us across the line. We had bad credit, are self-employed and up to our eyeballs in debt. It felt like forever, but that is how it is when you are desperate! We are due to settle after almost 3 months of Marty’s hard work mitigating with the bank. He painted a picture for them and showed how we were able to make payments but was just always late due to our own clients not paying on time. Because of his dedication and 100% transparency, we are able to start again on a clean slate. We highly recommend him, as his time and dedication to our refinance has changed our lives!

Siriwan Cheng

NBS Home Loans Client

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 customerassist@cba.com.au

Connective HL: 1300 543 558

Connective Solutions: 13 73 77

ING: 1300 349 166

Latrobe: 13 80 10 or hardshipassist@latrobefinancial.com.au

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

NBS Home Loans - Finance Broker Australia