by Booney » Thu Apr 02, 2020 3:07 pm
by Booney » Thu Apr 02, 2020 3:08 pm
Trader wrote:Bum Crack wrote:Booney wrote:Bum Crack wrote:what if you're still working?
I think you'd have to demonstrate "financial hardship" by providing income assessments.
Exactly. That's why they should give EVERYONE 8 weeks off whether you are working or not and it's your choice whether you put it back into your mortgage during that time. The money that would get injected back into the economy would be massive. Better than any stimulus package.
How is money getting injected into the economy?
Everything is closed.
by SANFLFAN » Thu Apr 02, 2020 3:11 pm
amber_fluid wrote:The Bedge wrote:Dutchy wrote:Bum Crack wrote:Banks could have done this too by putting a hold on mortgage payments for 8 weeks for everyone and just extend the mortgage term by 8 weeks at the arse end
They are doing this for 6 months.
What about those with investment properties they rent out - they can get their mortgage frozen for 6 months to deal with this shit whilst still collecting the rent income.. what happens to those who are renting (not on housing trust) who then suddenly lose their job or need to stay home and cant afford rent.
The world is ****** up.
If you’re collecting rent and not paying any interest on your loan you’ll get slugged with a tax bill at tax time for being positively geared.
by Bum Crack » Thu Apr 02, 2020 3:31 pm
Trader wrote:Bum Crack wrote:Booney wrote:Bum Crack wrote:what if you're still working?
I think you'd have to demonstrate "financial hardship" by providing income assessments.
Exactly. That's why they should give EVERYONE 8 weeks off whether you are working or not and it's your choice whether you put it back into your mortgage during that time. The money that would get injected back into the economy would be massive. Better than any stimulus package.
How is money getting injected into the economy?
Everything is closed.
by Jase » Thu Apr 02, 2020 3:35 pm
amber_fluid wrote:Anyone on here still working from/at their normal employment?
I’ve been working from home for 3 weeks now.
Busy as but still bored shitless at the same time.
by Booney » Thu Apr 02, 2020 3:36 pm
by Dutchy » Thu Apr 02, 2020 3:41 pm
Booney wrote:Bum Crack wrote:what if you're still working?
I think you'd have to demonstrate "financial hardship" by providing income assessments.
by Dutchy » Thu Apr 02, 2020 3:41 pm
SANFLFAN wrote:[
Repayment holiday only applies to housing loans, not investment loans. I believe you can apply online and approval process is pretty much automatic upon review.
by Jase » Thu Apr 02, 2020 3:43 pm
Booney wrote:18 new cases in SA today. 7 in ICU, all men aged 52 -77. 5 are critical.
Total of 385. 114 from cruise ships.
3 today are linked to the Ruby Princess.
44 people in the state have recovered, this is an estimate and tomorrow SA Health expect to confirm this number is higher.
by SANFLFAN » Thu Apr 02, 2020 3:43 pm
Dutchy wrote:SANFLFAN wrote:[
Repayment holiday only applies to housing loans, not investment loans. I believe you can apply online and approval process is pretty much automatic upon review.
Incorrect, it applies to any Home or Business loan
by Bum Crack » Thu Apr 02, 2020 3:44 pm
Dutchy wrote:Booney wrote:Bum Crack wrote:what if you're still working?
I think you'd have to demonstrate "financial hardship" by providing income assessments.
Not with us, if you ask for it you get it*. We aren't staffed to go through 20,000 requests and assess them all individually. Unless your Home Loan was in arrears prior to this, it gets put in place.
To give some perspective, our call centre got more calls last week than it did for the whole of 2019.
*This may vary from bank to bank.
by heater31 » Thu Apr 02, 2020 3:50 pm
Not 'that' bank I think....Bum Crack wrote:Dutchy wrote:Booney wrote:Bum Crack wrote:what if you're still working?
I think you'd have to demonstrate "financial hardship" by providing income assessments.
Not with us, if you ask for it you get it*. We aren't staffed to go through 20,000 requests and assess them all individually. Unless your Home Loan was in arrears prior to this, it gets put in place.
To give some perspective, our call centre got more calls last week than it did for the whole of 2019.
*This may vary from bank to bank.
which bank mate?
by Booney » Thu Apr 02, 2020 3:55 pm
Jase wrote:Booney wrote:18 new cases in SA today. 7 in ICU, all men aged 52 -77. 5 are critical.
Total of 385. 114 from cruise ships.
3 today are linked to the Ruby Princess.
44 people in the state have recovered, this is an estimate and tomorrow SA Health expect to confirm this number is higher.
This has no doubt been covered before, but the 44 recovered, does that mean they have been discharged from Hospital? Or they had coron confirmed and now they have the antibodies?
44 seems a low number out of 385...
by Brodlach » Thu Apr 02, 2020 4:09 pm
Jase wrote:Booney wrote:18 new cases in SA today. 7 in ICU, all men aged 52 -77. 5 are critical.
Total of 385. 114 from cruise ships.
3 today are linked to the Ruby Princess.
44 people in the state have recovered, this is an estimate and tomorrow SA Health expect to confirm this number is higher.
This has no doubt been covered before, but the 44 recovered, does that mean they have been discharged from Hospital? Or they had coron confirmed and now they have the antibodies?
44 seems a low number out of 385...
Brodlach wrote:Rory Laird might end up the best IMO, he is an absolute jet. He has been in great form at the Bloods
by Dutchy » Thu Apr 02, 2020 4:11 pm
SANFLFAN wrote:Dutchy wrote:SANFLFAN wrote:[
Repayment holiday only applies to housing loans, not investment loans. I believe you can apply online and approval process is pretty much automatic upon review.
Incorrect, it applies to any Home or Business loan
Westpac application says its excluding investment loans.
by Q. » Thu Apr 02, 2020 4:11 pm
Booney wrote:18 new cases in SA today. 7 in ICU, all men aged 52 -77. 5 are critical.
Total of 385. 114 from cruise ships.
3 today are linked to the Ruby Princess.
44 people in the state have recovered, this is an estimate and tomorrow SA Health expect to confirm this number is higher.
by Dutchy » Thu Apr 02, 2020 4:12 pm
Bum Crack wrote:Dutchy wrote:Booney wrote:Bum Crack wrote:what if you're still working?
I think you'd have to demonstrate "financial hardship" by providing income assessments.
Not with us, if you ask for it you get it*. We aren't staffed to go through 20,000 requests and assess them all individually. Unless your Home Loan was in arrears prior to this, it gets put in place.
To give some perspective, our call centre got more calls last week than it did for the whole of 2019.
*This may vary from bank to bank.
which bank mate?
by RB » Thu Apr 02, 2020 4:37 pm
Bum Crack wrote:They should be doing compulsory 8 weeks automatically for every household mortgage holder no questions asked.
by Dutchy » Thu Apr 02, 2020 4:54 pm
RB wrote:Bum Crack wrote:They should be doing compulsory 8 weeks automatically for every household mortgage holder no questions asked.
They could waive payments for 8 weeks if they're happy never to collect them.
I don't think they can extend the term of the loan contract automatically though. Customers would have to opt in.
by Mythical Creature » Thu Apr 02, 2020 4:59 pm
Dutchy wrote:RB wrote:Bum Crack wrote:They should be doing compulsory 8 weeks automatically for every household mortgage holder no questions asked.
They could waive payments for 8 weeks if they're happy never to collect them.
I don't think they can extend the term of the loan contract automatically though. Customers would have to opt in.
Its deferring repayments (and interest) not waiving repayments, loans will be extended for an extra 6 months so these payments dont need to be caught up in 7 months time.
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