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Last Article Uploaded: Thursday, September 2nd, 11:49PM
Mortgage Rates Daily Commentary
Thursday 2 September 2010

ASB and Bank Direct have shaved five points off their two-year fixed rates and 10 points off their three year rates bringing them down to 6.70% and 7.10% respectively. Sovereign has dropped its rates by the same amount.

The changes put ASB in line with the most its competitors, rather than leading rates lower.

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NZMBA top broker announced for 2008

Wellington broker Finlay Abbot has been named New Zealand's top mortgage broker for 2008 by the New Zealand Mortgage Brokers Association.

Wednesday, July 9th 2008, 3:33PM
Abbot is a member of the Professional Lenders Association Network (PLAN) broking network and Julie Stevens, national manager of PLAN New Zealand praised Abbot for his professionalism and his contribution to the broking industry.

"He doesn't just think of himself, he thinks of the industry."

She said he viewed his broking practice as a business and brought "new meaning to the words process and systems".

Abbot has served on the executive committee of the New Zealand Mortgage Brokers Association (NZMBA) and Stevens said he had always been willing to share his knowledge with colleagues.

"He is passionate about the industry and about the survival of the industry. He doesn't see other brokers as competitors."

Abbot works extensively with property investors and has become a respected commentator in the media on mortgage strategy and industry issues. He has more than 23 years' experience in the banking and finance industries and started his career as a mortgage broker in 1999, joining PLAN in September 2002 when he formed his own business. He has been the PLAN broker of the year three times and has been an NZMBA regional broker of the year finalist every year since 2002, and winner for the Wellington region in 2006.

The broker of the year is chosen from a number of regional finalists nominated by mortgage lenders. Regional winners are assessed by a panel of judges on the basis of several criteria, including presentations made by the brokers.

The first runner up for 2008 was Craig Seton, regional winner for Central North Island. Second runner-up was Mark Papps, winner for Nelson/Marlborough. Abbot was winner for Greater Wellington and the other regional winners were: for North Auckland, Christine Lockie; Mid Central Auckland, Sue Tierney; Greater Auckland, Bruce Patten; Waikato/Bay of Plenty, Lynn Houghton; Otago/Southland/Dunedin, Glenda French. The winner in the specialist lending category was Adrienne Teape.

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt.

1yr

2yr

3yr

5yr


n/a n/a n/a n/a n/a
AMP Home Loans
6.74 6.45 6.75 7.20 7.75
AMP Home Loans $200k +
6.64 6.35 6.65 7.10 7.65
ANZ 6.95 6.45 6.70 7.15 7.70
ANZ - Simple Variable 6.20 n/a n/a n/a n/a
ASB Bank
6.25 6.45 6.70 7.10 7.75
BankDirect
6.25 6.45 6.70 7.10 7.75
BNZ - Classic
n/a n/a n/a n/a n/a
BNZ - GlobalPlus
6.49 6.59 6.80 7.25 7.90
BNZ - Mortgage One
6.90 n/a n/a n/a n/a
BNZ - Rapid Repay
6.49 n/a n/a n/a n/a
BNZ - TotalMoney
6.09 n/a n/a n/a n/a
BNZ- Std, FlyBuys
6.49 6.49 6.70 7.15 7.80
Cairns Lockie 6.50 6.65 6.90 7.35 7.90
CBS Canterbury
6.25 6.55 6.99 7.45 7.95
Credit Union Auckland
6.70 n/a n/a n/a n/a
Credit Union Baywide
6.35 6.60 6.90 7.35 n/a
Credit Union North
6.30 6.45 6.75 7.30 n/a
Credit Union South
6.00 n/a n/a n/a n/a
eMortgage 6.50 6.65 6.90 7.35 7.90
Fidelity Life
6.00 6.35 6.90 n/a n/a
Finance Direct
5.95 6.45 6.99 7.25 7.75
First Credit Union
6.45 n/a n/a n/a n/a
General Finance
6.50 6.65 6.90 7.35 7.90
Global Home Loans
7.99 n/a n/a n/a n/a
HBS
6.25 6.50 6.85 7.80 8.50
Heretaunga Building Society
6.50 6.45 6.85 n/a n/a
Housing Corp
6.00 6.45 6.95 7.25 7.75
HSBC Premier
6.49 5.99 6.74 7.09 7.65
Kiwibank 6.15 6.45 6.69 7.19 7.75
Kiwibank - Capped Variable
6.50 n/a n/a n/a n/a
Napier Building Society
6.00 6.50 7.00 n/a n/a
National Bank
6.24 6.45 6.69 7.10 7.70
Nelson Building Society
6.95 6.80 7.30 n/a n/a
NZ Home Loans
6.35 6.60 6.85 7.25 7.90
NZF
7.20 6.60 7.10 7.40 7.90
NZF (LVR >80%) 7.45 6.85 7.35 7.65 8.15
Perpetual Trust
7.70 n/a n/a n/a n/a
PSIS 6.20 6.45 6.70 7.15 n/a
Public Trust
5.99 6.19 6.55 6.95 7.55
SBS Bank
6.15 6.45 6.70 7.20 7.60
Silver Fern
6.35 6.50 7.25 7.55 7.95
Southern Cross 6.95 6.40 6.65 7.15 n/a
Sovereign 6.35 6.60 6.85 7.25 7.90
TSB Bank
6.29 6.45 6.68 7.20 7.75
Wairarapa Building Society
6.70 6.45 7.20 n/a n/a
Westpac 6.74 6.45 6.69 7.10 7.75
Westpac - Capped rates n/a 6.95 n/a n/a n/a
Westpac - Choices Everyday 6.10 n/a n/a n/a n/a
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