COVID-19 and the Lending Market

We are currently living through unprecedented times and it’s easy to get caught up in the negativity of the situation and miss the opportunities. With the possibility of restrictions starting to ease in the coming weeks, there’s still the opportunity to take advantage of the low interest rate environment, and negotiate a better deal on your home and investment loans. We have recently helped one of our clients negotiate with their existing lender to save an amount of approximately $8,000 pa of interest repayments. Fixed rates are currently as low as 2.09% for owner occupied loans and variable rates as low as 2.69%. We’re also pushing the envelope for preferred terms on behalf of our clients with complicated circumstances.

Unfortunately, we’re not seeing the same amount of leniency in the SMSF space with these still treated as commercial type loans, the rates and terms are set with different criterion. Whether you have some extra time on your hands or you are still busy but would like to review your loans without taking too much time out of your day, then give Warren Good a call. The way you respond now may set you apart from your peers into the future.

(Rates are current as at 28/04/2020 and subject to Loan to Valuation Requirements)

We specialise in customising strategic solutions across a range of financial services.

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Nexus Private Wealth Management is privately owned and not licensed by a bank or institution. We do not sell our own financial products or property.

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