Latest Updates to Interest Rates

In response to RBA’s decision to increase the official cash rate by 0.50% on 7th June 2022, Vast Capital Mortgage Management ("VCMM") has updated its interest rates.

Product VM

1. Rate increase of 0.50% across existing settled loans and any new business, effective from 22th June 2022.

2. All the loans with P&I repayment will effective on the 12th July 2022.

3. Notification email has been sent to customers on 10th June 2022.

4. For customers that have opted for mail, the notice has been sent in the post 12 days before the change.

5. All new contracts issued from or after 10th June 2022 include the 0.50% rate increase.

6. All customers will be sent an email on 20th May 2022.

7. Customers that have opted for mail, notice would have been sent in the post 7 business days before the change.

8. The following further increase to the Alt Doc rates will be effective 1st July 2022

   1. Owner Occupied – Increase by 0.25%.

   2. Investment Principal and Interest (P&I) – increase by 0.45%.

   3. Investment Interest Only (IO) – increase by 0.50%.

Product VOC

1. The following rate change were effective from 20th June 2022.

   1. Owner Occupied & Investment – 0.50% increase.

   2. Expat Loans – 0.60% increase.

   3. Non-Res Loans – 0.60% increase.

   4. Interest Only loading increased from 0.30% to 0.40%.

2. All deals submitted to VOC on or after Monday 20th June 2022 must reflect the new interest rates.

3. All pipeline deals that had not settled as at COB Friday 10th June 2022 and/or are submitted to VOC before 20th June 2022 will receive a rate increase on or around 15th August 2022 or in a subsequent RBA rate change.

4. VOC will be increasing the interest rate on all standard P&I Owner Occupied and Investment loans by 0.50 % effective 17th June 2022 with loan repayment changes effective on or after 1st August 2022.

5. VOC will be increasing the interest rate on all standard IO Owner Occupied, Investment and SMSF loans by 0.60 % effective 17th June 2022 with loan repayment changes effective on or after 1st August 2022.

6. VOC will be increasing the interest rate on all Expat and Non-Resident loans by 0.60% effective 17th June 2022 with loan repayment changes effective on or after 1st August 2022.

Product VS

1. For pipeline applications and new business, the new rates were effective from 14th June 2022.

   1. All undocumented applications will be assessed and documented at the higher rate.

   2. Documented applications awaiting settlement will receive notification upon settlement regarding the rate rise and the rate will be adjusted accordingly based on the existing customer rate.

2. All existing residential and commercial loans have received an increase of 0.50% to their current rate.

   1. Borrowers have been informed of the change in the form of an email or letter communication.

   2. The new interest rates were effective from 20th June 2022 and for P&I loans the new minimum payments will be effective after 20th July 2022.

Product VB

1. VB has increased its interest rates by 0.50% p.a. for all new and existing variable rate home loan customers, across its product range, effective from 10th June 2022.

2. The new interest rates apply to all promotional offers, pipeline applications, and all applications that are approved but not yet settled.

3. Customer correspondence has been issued from 5.00pm AEST 9th June 2022 advising existing clients of their rate change.

Product NBH

NBH has updated its rate sheet on 9th June 2022 reflecting the RBA cash rate increase. Please request an updated rate sheet from your VCMM BDM.

Product VP

1. Variable rate front book (New Applications + Pipeline) rate increase of 0.50% in line with RBA. This will be effective 23rd June 2022.

2. Variable rate back book 0.65% increase effective 17th June 2022 in light of the sharp funding cost increase.

3. The repayment increase will apply from the next monthly loan anniversary date.

For more information, please send your pre-settlement enquiries to info@vcmm.com.au and post-settlement enquiries to service@vcmm.com.au or contact your VCMM BDM directly.

2022 Sydney Property Expo

This June, Sydney welcomed the long-awaited real estate event:

Australian Property Expo

The event took place from 4-5 June at ICC Sydney Convention & Exhibition Centre, Hall 7.

As Australia's Largest Established Property & Investment Expo, Sydney Property Expo returned after two years with 100+ Developments & Exhibitors, 1000+ homes and 30+ free investment seminars, attracting tens of thousands of investors, home buyers and property or mortgage professionals.

Vast Capital Mortgage Management (“VCMM”), a Major Sponsor of the Expo, had its booth as the first one to see after entering the exhibition hall. What an ACE!

A large number of guests were attracted to VCMM's booth and there was a constant flow of visitors.

The professional team at VCMM patiently greeted every customer and answered their enquiries.

During the exhibition, the reporter interviewed Jeff, the founder of VCMM, and thanked VCMM for its support.

In addition, VCMM was invited to present a seminar on "House and Land Loans" to help home buyers and investors understand more about this type of loan.

Jeff, the founder of VCMM VCMM Seminar - "House and Land Loan".

was being interviewed.

The seminar was very informative and many of our clients even had in-depth consultations with VCMM staff directly after the seminar!

In addition, VCMM also prepared lucky draws and other activities for the customers who came to the fair, and the atmosphere was warm and welcoming.

Lucky Wheel prizes prepared by VCMM. The lucky winner of the Grand Prize

and VCMM's founder Jeff.

During the two-day Expo, VCMM was very well received by visitors and industry players alike, and the attentive service and strong professionalism we demonstrated on the show floor made us stand out at the Expo.

A trusted brand and a professional team, as well as a diverse range of products and services, make VCMM a leading Mortgage Manager in Australia which has caught the spotlight at Australian Property Expo.

Finally, VCMM would like to thank all of our new and existing customers at the Expo for their support for Vast Capital.

Neither VCMM nor Australian Property Expo will stop here.

26th Australian Property Expo - SEQ (Brisbane)

20 - 21, Aug 2022

@Brisbane Convention & Exhibition Centre, Hall 2

Merivale St & Glenelg Street, South Brisbane

Register for FREE ENTRY：

https://www.aupropertyexpo.com/2022seq

Latest Updates to Interest Rates

Following the RBA’s decision to increase the official cash rate by 0.25% on 3rd May 2022, Vast Capital Mortgage Management ("VCMM") has updated its interest rates.

Details of interest rates changes have been emailed to the accredited brokers.

For existing customers, please refer to the information below. Notice letters are being sent to you by email or post. You can access your online portal by selecting your loan product from this link: Login page | VCMM and check your current interest rate in the portal (if applicable).

Product VM

1. New rates to existing customers will be effective from 27th May 2022

2. New P&I repayment will be effective 20 days after the 27th May 2022

3. All existing customers will be sent an email on 27th May 2022

4. Customers that have opted for mail, notice would have been sent in the post 7 business days before the change

Product VOC

1. Rate change to existing loan is effective on 17th May 2022

2. Repayments changes are effective on or after 17th June 2022

3. Interest rate changes have been processed and the letters are currently being generated

Product VS

1. Changes to all existing residential and commercial loans will be effective from 23rd May 2022

2. Existing customers will be informed of the change in the form of an email or letter communication

3. For Principal and Interest loans, the new minimum payments will be effective after 23rd June 2022

4. Repayments will automatically reflect the new rate for Interest Only loans

5. Customers will be advised of these changes over the next week

Product VB

1. Loans settled prior to 30th April 2022 have been subject to rate changes

2. Changes to repayment amounts are effective from 1st June 2022

3. Existing customers will have now received correspondence

Product NBH

1. For existing customers, the new home loan variable interest rates will take effect on 10th May 2022

2. A Notice Letter regarding the new home loan variable interest rates will be sent to existing customers via email

3. Customers will also be able to see their new interest rate in the NBH Borrower Portal

Product VP

1. Rate change to all existing customers is effective from 18th May 2022

2. Interest will be calculated on the daily balance from 18th May 2022

3. The repayment increase will apply from the next monthly loan anniversary date

For more information, please send your pre-settlement enquiries to info@vcmm.com.au and post-settlement enquiries to service@vcmm.com.au or contact your VCMM BDM directly.