HSBC has increased its one and two year rates by 25 basis points to 5.74% and 6.74% respectively which are still well below the medians for minor banks. To be eligible customers need to have minimum combined home loans of $500,000.
In Expert Views, BNZ economist Tony Alexander gives a simple lesson in how monetary policy works. Also in news today we find out which banks are punching well below their weight in the mortgage lending market.
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.