Browse Forums Home Finance Re: ING For Construction Loan 2Aug 17, 2015 3:22 pm Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: ING For Construction Loan 4Aug 17, 2015 6:28 pm Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: ING For Construction Loan 6Aug 18, 2015 4:14 pm Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: ING For Construction Loan 7Aug 20, 2015 10:38 am Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: ING For Construction Loan 9Aug 20, 2015 2:40 pm Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: ING For Construction Loan 11Aug 20, 2015 2:43 pm Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: ING For Construction Loan 13Aug 20, 2015 2:46 pm Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: ING For Construction Loan 15Aug 20, 2015 2:51 pm Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: ING For Construction Loan 16Oct 18, 2015 12:21 pm Don't go with ING. They used to be good but now are less value than even the big 4. I had a home loan that they reclassified as an investment loan due to APRA regulations, they increased the interest rate by .37% when even the big 4 were only increasing by .27%. What was worse is that they are still advertising investor loans at the lower rate! They are an internet bank and don't have a lot of expertise and you will find yourself doing a bit of phone tag chasing things up to ensure settlement progresses. Re: ING For Construction Loan 17Oct 18, 2015 12:40 pm Hi Pieeater - your broker should be able to chase that up for you - and if the loan is not an investment loan it can be switched over to owner occupied & the lower rate really simply. Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: ING For Construction Loan 18Oct 18, 2015 7:49 pm Hi morphjk, Our organisation is a site sponsor of homeone.com.au (you might even be looking at our interest rate data on the right hand side of your screen). We have extensive experience with construction lending and would be glad to assist with your needs. I'll PM you with some details. In the meanwhile, to answer your question, ING is not ideally suited to a construction lend. You may find this offer more appealing (https://www.naritas.com.au/latest-news/ ... -cashback/). Hope this helps. Kind regards, Andrew morphjk So we are in the process of selling our current house and buying a block of land which we will commence building on ASAP. Our current house loan is with Mystate Financial which I can't say I have had any major issues with but I don't do our everyday banking with them. I do it with ING. We have been very happy with ING for everyday banking so were considering giving them a shot for the land/construction loan. Just wondering if anyone has had experience with them or any thoughts? We previously have used a broker but he has given it up. Appreciate any advice. Naritas Finance w: https://www.naritas.com.au l: https://www.facebook.com/naritasfinance t: https://www.twitter.com/naritas Re: ING For Construction Loan 19Dec 24, 2015 11:05 am Although it is a little of track I think it might benefit some by relaying my experience with ING Bank and their home loans. It has been 2 months since I first posted and have now finished refinancing my loan with a new lender. I did contact ING prior to commencing the process and the best they could offer me was to switch to a fixed loan with an interest rate %1 above the variable rate I was offered from my new financier. What is disturbing is that they are still advertising Mortgage Simplifier Loans for investment properties at %4.72 (24/12/15), 2 months after increasing my rate to %5.09! I don't know if it was a selective increase and they just picked on a few to shoulder the load, my loan was just the basic home loan they are currently offering to investors. Whatever the reason they didn't seem to care they were losing the business. My advice is if you are with them or anyone else for that matter and are thinking about switching at least look into it, it is not that hard, especially if you have some equity in your property. The rewards are worth it. If you are considering going with ING don't count on being charged the advertised variable rate, that appears to be the rate they dangle to get new customers. The biggest challenge will be if you take out a loan and then run out of money - you'll have an incomplete security and lenders do not like this so you can get stuck.… 2 19881 Hi, you've probably already resolved this, however, Commbank will probably pay the funds to you after you send evidence the work is done regardless the change in the quotes. 1 36000 How much are you ahead in payments compared to where the build is at? Have you fully drawn down the loan? 5 12240 |