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338 posts

Ultimate Geek
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  Reply # 2124067 12-Nov-2018 12:52
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floydbloke:

 

Let us know how you get on.

 

If I read your first post correctly, the 'new' agreement doesn't take effect until Thursday, so would you have to pay a breakage fee for something that hasn't actually started yet? Sounds like you're dong the right thing by talking to them now.  You obviously don't have much time.  Can you talk to ANZ directly or are you dependent on your broker to move quickly as well?

 

 

Your are right,  I don't think paying breakage fee make any sense either, given it's not event started yet. I'll wait for my broker to comes back to me, not impressed, but still trust them, to a degree.




338 posts

Ultimate Geek
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  Reply # 2124214 12-Nov-2018 15:01
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En, got called from my mortgage broker, inform me that there is paying a NUR of $5 required from ANZ, apparently bank still need cover it's cost if I ask for a better deal later if I already signed a contract to commit for an old deal. I decided go ahead, paying the NUR and get the new rate.

 

It not ideal, but still reasonable consider in other situation, by signing the contract I could be protected by a last minute rate hike.


 
 
 
 


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  Reply # 2124215 12-Nov-2018 15:03
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What is NUR?



338 posts

Ultimate Geek
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  Reply # 2124218 12-Nov-2018 15:12
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eracode: What is NUR?

 

It's mentions from the mail forward from Bank, don't know, I also called the mortgage broker, none the wiser.


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  Reply # 2124221 12-Nov-2018 15:20
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pstar008:

eracode: What is NUR?


It's mentions from the mail forward from Bank, don't know, I also called the mortgage broker, none the wiser.


Found it. Non Utilisation Recovery
https://www.google.co.nz/url?sa=t&source=web&rct=j&url=https://www.anz.co.nz/resources/2/7/27cb76f2-90eb-40b7-b321-c095621b437d/Reserve-Rate-Agreement.pdf&ved=2ahUKEwjoo6ab5M3eAhXJZSsKHVidCU8QFjABegQIARAB&usg=AOvVaw0q-aVE9VoppfSyYQHlzt02

Is it really only 5 bucks?




Most of the trouble in the world is caused by people wanting to be important. (T.S. Eliot)




338 posts

Ultimate Geek
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  Reply # 2124231 12-Nov-2018 15:43
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floydbloke:
pstar008:

 

eracode: What is NUR?

 

 

 

It's mentions from the mail forward from Bank, don't know, I also called the mortgage broker, none the wiser.

 


Found it. Non Utilisation Recovery
https://www.google.co.nz/url?sa=t&source=web&rct=j&url=https://www.anz.co.nz/resources/2/7/27cb76f2-90eb-40b7-b321-c095621b437d/Reserve-Rate-Agreement.pdf&ved=2ahUKEwjoo6ab5M3eAhXJZSsKHVidCU8QFjABegQIARAB&usg=AOvVaw0q-aVE9VoppfSyYQHlzt02

Is it really only 5 bucks?

 

Good detective work!

 

From email:

 

"Thank you for your enquiry into NUR for the above customers, I can now confirm that the following amounts would apply if the customers were to break their rates today.

 

probably my loan number? – under $5"

 

Don't understand the $5 amount either.


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  Reply # 2124258 12-Nov-2018 16:34
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Pay the $5 and count yourself lucky...






43 posts

Geek
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  Reply # 2124583 13-Nov-2018 08:46
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I locked 4.15% on Friday for 1 year with ANZ. Checked the bank website on Monday only to find out the rate has dropped to 3.95%

 

Called the bank to see if they can change it to 3.95%. At first, they told me I will be charged to NUR so I asked them to caluclate it.

 

5 minutes later they said they won't charge it as there was a very little delay in the time it took me to ask for a better rate.

 

 

 

Got an email 20 minutes later that they have locked me at 3.95% for 1 year.


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