14 Apr Doctors paying more interest to BOQ Specialist for their home loans

Are you a doctor with home loans or investment property loans from Investec/BOQ Specialist?

You will be surprised to know that last week BOQ Specialist increased interest rates out of sync with the Reserve Bank of Australia (RBA) on their variable home loans products by 0.12% p.a. for owner occupiers and 0.25% p.a for investment property loans.

This is on top of 0.18% increase in interest rates back in November 2015 and a rise in investor loan rates in August 2015. This is the first Australian bank since late last year to raise interest rates.

I have saved my doctor clients between $5-10K (on average) per annum in interest by reviewing their loan arrangements with BOQ specialist.

Contact my office on 1300 505 565 or email me peter@navigatewealth.com.au should you like a complimentary review of your finances or broader strategy.

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