HI IAN,THANKS THATS VERY HELPFUL,TRACY.XXX.
Quote:
Originally Posted by eye_sea
Hi there Tracy
Apologies for the delay in responding, things have been a little hectic here. In answer to your question, no I don't think that they are..the market in aus is ultra competitive and all banks are falling over each other to offer you a mortgage. You will of course have to satisfy their underwriting criteria (in other words be able to meet a few basic requirement as stipulated by the bank).
I'm not sure what the int rates are in the UK, but I was surprised at how high the rates were, compared to the UK. When we arrived in Jan of this year the int rates in the uk (Banks standard variable rate) were around 6% give or take .1 or .2 (i think), in Aus the Standard Variable rates for the Banks at the moment is around 9.4% although you would definately be able to obtain a discount from this. A number of the bank package products together and apply discount accordingly. You have to be careful which deal you enter into as there can be a number of hidden costs if you don't read the small print.
Hope this answers your questions, if you need to know anything else, please ask.
Regards
Ian
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TRACY 35,STEVE 33 (PAINTER & DECORATOR),GEORGE 10,LEWIS 7,MAX 4 ,CHARLIE 2.
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