HSBC Bank was the only lender to make changes yesterday with a 10 basis point increase to its three-year rate making it 7.35%, which is still lower than the minor banks median three-year rate of 7.40%.
Much of the news this week is quarterly reports from the bank on how they are doing. BNZ reported yesterday and althouhg it had made a loss on the back of its failed structred finance deal, it has seen its home loan book grow. We have the full story here
Also meet New Zealand's newest bank.
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.