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29-03-2011, 12:09 PM
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Is there any way to negotiate a fixed rate from the bank?
The downside to gearing is of course that interest rates are used as a first tool by the Reserve Bank to counter inflation, so rates are hiked to keep inflation within the government prescribed rate, and that means we end up with a variable monthly cost which is very dangerous if you have not provided for it.
We now know that interest rates are going to move up. The banks have already made the assumption that rates will be increased by the end of the year by 0.5%, although SARB is still talking about early 2012. Is there any way to negotiate a fixed rate from the bank?
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Michelle Alden- Property to Rent 
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07-06-2011, 11:43 AM
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Re: Is there any way to negotiate a fixed rate from the bank?
Some private banks will be open to negotiation, or you could take a tracker with a separate cap / hedge which would be negotitable
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08-07-2011, 10:35 AM
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Re: Is there any way to negotiate a fixed rate from the bank?
It would depend on the size of the loan and how "secure" it was.
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