u/Curious-Trust6657

Hi all,

I’m planning to refinance later this year to move from the Red bank to the Blue bank (who offers offset home loan product).

I currently have a legacy "life-of-loan" margin discount on my revolving credit account floating rate from the Red bank that gives me a decent deal compared to standard rates. I'm curious if anyone has successfully negotiated a match for that kind of floating discount when moving to a new lender?

Our LVR is sub-45%, so we have a bit of leverage, but I’m not sure if banks actually budge on their standard offset rates for new customers. Is this something they can do manually, or are those floating rates usually non-negotiable?

Cheers!