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 firstname.lastname@example.org.
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)
5% + GST for non-NBS Home Loans clients.
Read below for our March Interest Rate Update
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
The Red Dust
22-23 Sept 2021
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.
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!“
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 email@example.com
Connective HL: 1300 543 558
Connective Solutions: 13 73 77
ING: 1300 349 166
Latrobe: 13 80 10 or firstname.lastname@example.org
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