Finance Broker Australia Home Loan Broker

Effective 10th November 2008 Bankwest variable interest rate home loans will be changing.

• Bankwest Lite Home Loan
• Bankwest Lite Plus Home Loan
• Mortgage Shredder (excluding 12 Month Fixed Intro)
• Bankwest Easy Doc Home Loan
• Bankwest Seniors Equity Release
• Bankwest Equity Access
• Home Owners Loan

The variable rate on the above home loan products is reducing 0.60 percent.

COMMONWEALTH BANK OF AUSTRALIA TO ACQUIRE BANKWEST AND ST ANDREW’S

Sydney, 8 October 2008:

The Commonwealth Bank of Australia (the Group) has acquired the Bank of Western Australia Limited (BankWest) and St Andrew’s Australia Pty Ltd (St Andrew’s) through the execution of a sale and purchase agreement with UK based HBOS plc.

The purchase does not extend to HBOS’s other Australian businesses - Capital Finance Australia Ltd, BOS International (Australia) Ltd and HBOS’s Australian Treasury operations.

Effective today, Wednesday 30 July, BankWest is withdrawing their best-selling Rate Tracker Product from its suite of mortgage products available through finance brokers.

Any pre approved applications will not be honoured. These include applications in the system that are not yet formally approved i.e customer has no contract to purchase (this does not include complete applications that are currently conditionally approved and have not yet gone unconditional - these will be honoured).

Bankwest fixed interest rates increase effective from tomorrow Friday 2nd May 2008

• 1 Year Fixed Home Loan + 0.14 percent
• 2 Year Fixed Home Loan + 0.04 percent
• 3 Year Fixed Home Loan + 0.4 percent
• 4 Year Fixed Home Loan + 0.1 percent
• 5 Year Fixed Home Loan + 0.25 percent
• Mortgage Shredder 12 Month Fixed Intro + 0.3 percent
Contact your finance broker on 02 8002 4035 for further information or email using this finance broker contact form.

Australian Bank lifts interest rates 0.10 percent above the Reserve Bank 0.25 percent increase

Tuesday 11th March 2008

Bankwest today announced variable interest rate home loans will increase by between 0.25 percent and 0.35 percent following the Reserve Bank of Australia official rate rise of 0.25 percent earlier this month.

The increase will be effective from tomorrow Wednesday the 12th of March 2008

Variable rate home loans increasing by 0.25 percent are the Mortgage Shredder 12 Month Variable Intro and the Mortgage Shredder