Interest Rate Update & NBS Real Estate | Newsletters | March 2021

A Note From Martin Walmsley, Principal Broker

I hope everyone is keeping safe and well as we head into the Easter break, especially after the recent wild weather we’ve experienced along the east coast. If you have been affected by storms or flooding, or are experiencing financial difficulties as a result of ongoing COVID lockdowns or other circumstances, it’s important to know that lenders have provisions in place to assist borrowers experiencing hardship.

Many also offer disaster recovery support and grants. If you require any assistance, please don’t hesitate to contact us and we’ll help point you in the right direction.

I’d also like to advise that NBS Home Loans will be closed over the Easter long weekend.

After a busy and challenging 12 months, we are taking a short, well-earned break to spend time with family. I will have limited access to respond to urgent messages during this time and will respond to all other messages upon my return.

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 29 March 2021, From NBS Home Loans

Owner Occupied Loans from:
Fixed: 1.79% (comparison 3.33%)
Variable: 2.19% (comparison 2.20%)

Residential Investment Loans from:
Fixed: 2.19% (comparison 3.84%)
Variable: 2.44% (comparison 2.45%)

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.

One Agency (NBS Real Estate) NBS Home Loans Update

We’re excited to announce that our NBS Real Estate first open home was held over the weekend, and it was a great success with offers already received.

If you are thinking of selling, please give us a call to chat about how we can help you.

Don’t forget we also offer discounted property management services within a 20km radius of Seven Hills or Gosford.

Our property management fees are:

  • 4% + GST for NBS Home Loans clients (or 3% + GST for granny flats)
  • or
  • 5% + GST for non-NBS Home Loans clients

Interest Rate Alert March 2021

We are often asked what is happening with interest rates?

While rates have remained at record lows for quite some time now, there have been numerous press articles in recent weeks indicating that rate rises are likely in the near future to help cool an overheated property market.

We have already seen several banks increase their longer-term fixed rates in the past week, and we expect that other banks may soon follow suit.

What do increases in longer-term fixed interest rates mean for borrowers?

If you have been considering fixing your rate, you may wish to move sooner rather than later.

If you are applying for a fixed-rate loan, you may also wish to consider the rate lock option:

  • This option allows you to lock in a fixed rate for 90 days in case the rate changes between when you apply and when your loan settles.

Spotlight on Local Business: Majestic Plumbing Services

This month, NBS Home Loans is proud to shine a spotlight on a great local business owned by one of our clients. Located in Baulkham Hills, the team at Majestic Plumbing Services pride themselves on always being fair, honest, and upfront with customers.

Whether you have a blocked drain, burst pipe, leaking tap or no hot water, 0410 615 799 are ready to help with their 24/7 emergency service.

Majestic Plumbing Services even offer pension and seniors discounts.

For assistance, call Josh on 0410 615 799.

WHAT OUR CLIENTS ARE SAYING

I have used Marty twice now, once for a refinance and another time for a new loan. Marty is knowledgeable and professional and gets the job done! He is responsive and cares about your financial situation. I would highly recommend Marty to anyone that is looking for a refinance or a new loan. Thanks for all your efforts, Marty!

Jacqueline Abboud

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