Bankwest cut mortgage rates for investors



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Bankwest has cut investment mortgage rates across its fixed and variable home loans, including both principal and interest and interest-only home loans.

The largest rate cut in the changes was for the interest-only Premium Select Investment Loan, which saw a downward change of 45 basis points.

The smallest rate cut was for the principal and interest Complete Variable investment home loan, which saw a change of 6 basis points downwards.

The changes are effective as of 9 November 2018.

Product Old interest rate Old comparison rate New interest rate New comparison rate Change
Bankwest Complete Fixed Investment Loan 3 Years 4.28% 5.03% 4.08% 4.97% -0.20
Bankwest Complete Variable Investment Loan (Interest Only) (New Customer) (LVR < 80%) 4.54% 4.92% 4.44% 4.82% -0.10
Bankwest Complete Variable Investment Loan (Principal and Interest) (New Customer) (LVR < 80%) 4.24% 4.66% 4.18% 4.60% -0.06
Bankwest Complete Variable Investment Loan (Principal and Interest) (New Customer) (LVR 80%-90%) 4.34% 4.76% 4.28% 4.70% -0.06
Bankwest Premium Select Investment Loan (Interest Only) (LVR < 90%) 5.09% 5.11% 4.64% 4.66% -0.45
Bankwest Premium Select Investment Loan (Principal and Interest) ($20k-$500k, LVR 80%-90%) 4.64% 4.66% 4.44% 4.46% -0.20
Bankwest Premium Select Investment Loan (Principal and Interest) ($500k+, LVR 80%-90%) 4.54% 4.56% 4.44% 4.46% -0.1
Bankwest Premium Select Investment Loan (Principal and Interest) ($20k-$500k, LVR <80%) 4.64% 4.66% 4.34% 4.36% -0.30
Bankwest Premium Select Investment Loan (Principal and Interest) ($500k+, LVR <80%) 4.54% 4.56% 4.34% 4.36% -0.20

In October, Bankwest raised its reference rates for owner-occupiers and investors by 15 basis points.

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