HSBC has increased its six-month fixed home loan rate this morning by 50 basis points taking it to 5.49%, however it is still the lowest rate offered. The nearest rate offered by a bank is Westpac's 6.25%.
HSBC also cut its two, three and five-year rates by 25, 10 and 6 points respectively.
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.