You have probably seen in the media that most banks are increasing their interest rates on investment loans. This is in response to some pressure by the Australian Prudential Regulation Authority (APRA) to slow down the growth of investment loans to below 10% per annum.
We have had many phone calls from people noticing an increase in their rates, not understanding why this is and with no formal notification from their lender.
So we urge you to check your investment loan rate(s) and if they have changed recently, it would be wise to give us a call so that we can review the situation and see if we can help in mitigating this increase.
Simply call us on 1300 30 6767 or click here to contact us