ANZ extends cash offer

ANZ has extended its $2,000 cash offer for new home lending, due, it says, to popular demand.

Monday, October 8th 2012, 9:10AM 3 Comments

The offer includes $1,000 towards legal fees and $1,000 cash for new home lending over $100,000 and was due to finish at the end of October but has been extended to January 31, 2013.

“It gives homebuyers what they need most after making such a big purchase – help with the legal costs and a bit extra to spend on making their house a home, in whichever way they choose,” said ANZ managing director retail, Kerri Thompson.

ANZ is the country’s leading home lender and grew its residential mortgages by $1.1bn in the three months to June, and according to data complied by Good Returns.

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Comments from our readers

On 9 October 2012 at 7:30 pm mark said:

All good and well,but what are you doing for your loyal existing customers..should I go to ASB get money,fees paid for,tablets,no fees plus under 5% 2 year fixed loans,or stay for nothing extra..get real..looking at moving if ANZ does nothing for me.

On 10 October 2012 at 11:16 am Mike said:

Yes, Mark. That's a real issue with any sort of commercial 'bait' fishing...seems highly unfair.

On 10 October 2012 at 4:39 pm Amused said:

None of the banks have ever been particularly good at looking after their existing home loan customers. If they were then mortgage brokers wouldn’t exist and we would only be half as busy as we all are currently. The simple fact is if ANZ didn't extend their offer of $2,000 cash to Jan 2013 then they would suddenly be highly uncompetitive compared to what other banks are doing to attract new borrowers. ANZ have no choice and they know it. It dog eats dog with the banks at the moment. They are their own worst enemies.