The Canterbury earthquake will put pressure on the city's residential rental sector, as the pool of available homes shrinks and home owners whose properties have been condemned look for short to medium-term accommodation.
Napier Building Society upped its floating rate by 25 basis points yesterday bringing it to 6.25%. Also, Heretaunga Building Society cut its two-year rate by 15 points and Southern Cross Building Society trimmed its three-year rate by 10 points.
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.