| About Us | Advertise | Contact Us | Terms & Conditions | RSS Feeds | Other Sites: landlords.co.nz |
|
Join our newsletter
Mortgage Rates Newsletter |
|
|
NZF competes with banks for home loansNZF is starting to compete with banks for home loan business following the success of its $100 million securitisation programme.Thursday, June 24th 2010, 4:00PMby Jenha White It has introduced a new Standard 70 home loan rate today for borrowers with at least 30% equity. "Over the last year we've focused on good quality high LVR deals but since the securitisation, we can now be more competitive with the banks on the price of lower LVR deals," NZF business development manager Jenny Campbell says. It's most competitive rates with the banks are its one-year rate at 6.45% which is the same as the median for major banks, its two year rate at 7.30% and its three-year rate at 7.75%, both of which are lower than the medians for the major banks. She says the new Standard 70 rate is phase one of NZF's development and there is more to come. "We still firmly believe there's a really good opportunity for a non-bank in New Zealand to grow some really good business and at the same time support mortgage brokers." She says now NZF knows the market is picking up again it is an area NZF really wants to be involved in. Check and compare home loan rates at www.mortgagerates.co.nz
Comments from our readersNo comments yet Add your comment: |
Latest News
|
Compare Mortgage Rates
Find a Mortgage Broker
Latest Trends
Future interest rate hikes softened
The Reserve Bank has kept the OCR at 2.50% as expected, but had lowered its forecast track for the 90 day bill rate by around 60 basis points (0.6%) to a peak of 4.30% by the end of next year. For borrowers that means floating home loans are not forecast to rise as much as previously forecast. In June the expectation was that the rates would rise 2% in the next 12 months: that figure has now been wound back to 1.4%. MORE » |
Disclaimer: Every possible effort has been made to keep the information in the rates tables as accurate as possible, however, neither the publishers of Mortgage Rates nor anyone engaged to compile these tables accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details directly with the provider concerned.
© Copyright 2012 Tarawera Publishing Limited. All Rights Reserved.
