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Co-Operative Bank cuts rates; Parents support young buyers

Wednesday, June 19th, 9:19AM  Add your comment

The Co-Operative Bank has cut its 6 month, 1 year, 18 month, and 2 year fixed rates, as home loans continue to get cheaper. See how the rate cuts stack up here [READ ON].

A new report from Westpac says half of the nation's parents are likely to support their children to buy a first home. Advisers say the 'bank of mum and dad' will become more important as banks run into LVR restrictions. [READ ON].

 

 

 

Bank of mum and dad backing first home market: Westpac

Tuesday, June 18th, 12:17PM

More than half of Kiwi parents would give their children an interest-free loan to help them onto the property ladder, according to a survey from Westpac.

Hisco departs ANZ after expenses review

Monday, June 17th, 10:02AM

ANZ has confirmed the departure of New Zealand CEO David Hisco following an internal review into his personal expenses.

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Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
ANZ 5.69 4.99 4.39 4.69 4.35 4.55 4.85 4.95 5.80
ANZ Special - 4.49 3.89 4.19 3.85 4.05 - - -
ASB Bank 5.70 5.25 4.45 4.59 4.39 4.55 4.85 4.95 5.75
ASB Bank Special - 4.95 3.95 4.19 3.89 4.05 4.35 4.45 -
BNZ - Classic - - 3.89 - 3.95 3.89 4.35 4.45 -
BNZ - Mortgage One 6.40 - - - - - - - 7.15
BNZ - Rapid Repay 5.85 - - - - - - - 6.74
BNZ - Std, FlyBuys 5.80 4.99 4.69 4.79 4.59 4.79 5.19 5.39 -
BNZ - TotalMoney 5.80 - - - - - - - -
Credit Union Auckland 5.95 - - - - - - - -
Credit Union Baywide 6.15 5.25 4.95 4.95 4.95 - - - -
Credit Union North 6.45 - - - - - - - -
Credit Union South 6.45 - - - - - - - -
Finance Direct - - - - - - - - -
First Credit Union 5.85 - - - - - - - -
Heartland 6.70 6.90 7.00 - 7.25 7.85 - 8.55 6.70
Heartland Bank - Online - - - - - - - - -
Heretaunga Building Society 5.75 - 4.60 - 4.75 - - - -
Housing NZ Corp 5.80 - 4.69 - 4.49 4.45 - 4.95 -
HSBC Premier 5.89 4.85 3.79 3.79 3.79 3.89 4.19 4.29 6.09
HSBC Premier LVR > 80% - - - - - - - - -
HSBC Special - - - - - - - - -
ICBC 5.65 4.85 3.85 3.99 3.95 3.89 4.29 4.39 5.65
5.80 5.74 4.60 - 4.60 4.84 5.04 5.14 5.70
Kiwibank - Capped - - - - - - - - -
Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
Kiwibank - Offset 5.65 - - - - - - - -
Kiwibank Special - 4.99 3.85 - 3.85 4.09 4.29 4.39 -
Liberty 5.69 - - - - - - - -
Napier Building Society - - - - - - - - -
Nelson Building Society 6.10 - 4.89 - 4.99 - - - -
Resimac 5.30 - 4.86 - ▼4.14 ▼4.19 4.99 5.09 -
RESIMAC Special - - - - - - - - -
SBS Bank 5.79 5.25 4.85 5.15 5.05 5.49 5.89 6.09 5.79
SBS Bank Special - 4.99 3.89 3.89 3.99 3.99 4.49 5.49 -
Sovereign 5.80 5.25 4.45 4.59 4.39 4.55 4.85 4.95 6.35
Sovereign Special - 4.95 3.95 4.19 3.89 4.05 4.35 4.45 -
The Co-operative Bank - Owner Occ 5.65 ▼3.89 ▼3.89 ▼3.89 ▼3.95 4.05 4.35 4.45 5.65
The Co-operative Bank - Standard 5.65 ▼4.39 ▼4.39 ▼4.39 ▼4.45 4.55 4.85 4.95 5.65
TSB Bank 5.69 5.35 ▼4.45 ▼4.49 4.49 ▼4.55 4.95 5.05 ▼5.69
TSB Special - 4.85 3.95 ▼3.99 3.99 4.05 4.45 4.55 -
Wairarapa Building Society 5.70 - 4.85 - 4.99 - - - -
Westpac 5.79 4.99 4.69 4.79 4.79 5.19 5.29 5.49 5.95
Westpac - Offset 5.79 - - - - - - - -
Westpac Special - - 3.89 - 3.85 4.05 4.35 4.45 -
Median 5.80 4.99 4.45 4.39 4.39 4.19 4.67 4.95 5.79

Last updated: 19 June 2019 9:13am

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