At the end of last week, ASB and its subsidiaries BankDirect, Sovereign and NZ Home Loans raised fixed mortgage rates by between 10 and 30 basis points. The one-year, 18-month and two-year rates rose 30 basis points and the three-year rate went up by 10 points.
ASB is now offering the highest rates for these terms for a bank and is the first bank to make changes this year.
We've teamed up with award winning mortgage experts, Squirrel.
With over 1,425 five star reviews on Shopper Approved, Squirrel has helped thousands of Kiwis just like you secure the best possible rate when refixing or refinancing. Squirrel often beats the advertised rates so it's worth getting them to review your mortgage.
New Zealand
The service I got from Squirrel was extremely efficient. They dealt with my loan so easily and achieved a result greater than what I was expecting.
New Zealand
Highly recommend Squirrel to sort out a mortgage with the banks takes the hassle out of going to separate banks with so much information they do the hard yards for you - Baz was a superstar and helped me all the way to my new home.