Small non-bank lender Silver Fern jumped up its mortgage rates significantly yesterday with its six-month, one and two-year rates all increasing by 50 basis points and its three-year rate rising by 20 basis points.
Its six-month rate is now 6.00% which despite the 50 basis point jump is still below the median of 6.15% for non-bank lenders.
The one, two and three-year rates are however slightly above the medians for those terms at 6.50%, 7.50% and 8.20% 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.