Kiwibank removes special cap; BNZ says OCR can be lowered

Tuesday, October 16th 2012, 6:11AM

Kiwibank has this afternoon removed the equity caps on its special home loan rates. Borrowers no longer need 30% equity to apply for its six month, one year and two year rates which are all set at 4.99%. However the bank still deems them "strictly ‘limited" specials.

As each day passes, the green light allowing the Reserve Bank to lower its cash rate glows ever brighter. Read why

« Rate withdrawn: ANZ's latest viewsKiwibank removes lending restrictions »

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