HSBC has made the first interest rate changes for the new year by increasing its six-month and one-year fixed rates by 25 basis points for its Premier product.
The new rates are still well below the median rates for a bank however they are subject to a home loan of $500,000 or more.
Our first news story for the year looks at how customers can expect switching banks to be easier this year as Payments NZ has enacted changes requiring greater co-operation between banks in the process.
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.