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Mortgages

Mortgage Rates Daily Commentary
Friday 23 January 2026  Add your comment
Floating rates back in favour; Mortgage fraudster sentenced

The latest Reserve Bank data shows borrowers embraced floating ratres at the end of last year; although there has been a widespread view now is the time to fix. Go figure. [READ ON]

Another mortgage fraudster sentenced. Here is what he got.

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New GM at Mortgage Link

Sunday, July 20th 2003, 11:20AM
Ross Butler has been appointed as the general manager of Mortgage Link, which currently has 65 brokers operating from 36 offices around New Zealand. The Nelson-based company settles about 5,000 loans each year totalling $600 million.

Butler has been a director of the Mortgage Link Group of companies since July 2002.

His appointment is part of a number of changes at Mortgage Link, both shareholding wise and structurally.

Former general manager Roger Poulter has stepped aside so he can concentrate on his related firms, Pacific Home Loans and Eagle Finance, and on the Mortgage Alliance, the aggregate group of Mortgage Link, Mortgage People (formerly Property Pack), Hughson Mortgages and Financial Group of New Zealand, and on other interests.

Butler’s appointment is temporary. While in the position he will be sorting out the job and systems with the aim of appointing a permanent replacement early in 2004.

The move is a first step towards other developments which are still under discussion, Poulter says.

Butler says he is “looking forward to making Mortgage Link the mortgage broker of choice for customers, and for professionals wishing to establish themselves as business people in the mortgage industry.

He is also “keen to be involved in the NZMBA, lifting educational, service and business standards within the industry.”

Butler is a director on a number of other boards including the Nelson Building Society, Nelson Bays Education Business Trust, and Merlot an executive search firm in the actuarial and financial services industries.

He has spent virtually all of his career in financial services in Australia, with assignments of various lengths in United States, United Kindom, India and Malaysia. His most recent Australian role was chairman of GIO Building Society, and executive director of GIO Financial Services.

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 3.34 - - -
AIA - Go Home Loans 5.89 4.49 4.75 5.09
ANZ 5.79 5.09 5.29 5.69
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.49 4.69 5.09
ASB Bank 5.79 4.49 4.75 5.09
ASB Better Homes Top Up - - - 1.00
Avanti Finance - Near Prime 6.35 - - -
Avanti Finance - Specialised 7.55 - - -
Basecorp Finance 6.35 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 5.99 5.69 5.69
BNZ - Mortgage One 5.94 - - -
BNZ - Rapid Repay 5.94 - - -
BNZ - Std 5.84 4.49 4.69 5.09
BNZ - TotalMoney 5.94 - - -
CFML 321 Loans 3.95 - - -
CFML Home Loans 6.05 - - -
CFML Prime Loans 6.25 - - -
CFML Standard Loans 6.95 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Lender Flt 1yr 2yr 3yr
Co-operative Bank - First Home Special - ▲4.39 - -
Co-operative Bank - Owner Occ 4.99 ▲4.49 4.79 5.09
Co-operative Bank - Standard 4.99 ▲4.99 5.29 5.59
Credit Union Auckland 7.70 - - -
First Credit Union Special - 4.79 4.95 -
First Credit Union Standard 6.49 5.39 5.55 -
Heartland Bank - Online 5.30 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 7.45 5.90 5.80 -
ICBC 5.39 4.25 4.59 4.79
Kainga Ora 5.69 4.49 4.49 4.79
Lender Flt 1yr 2yr 3yr
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 5.65 5.39 5.39 5.65
Kiwibank - Offset 5.65 - - -
Kiwibank Special 6.15 4.49 4.49 4.85
Liberty 6.65 6.55 6.22 6.20
Nelson Building Society 6.49 4.59 ▲4.69 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 5.84 5.09 5.29 5.69
SBS Bank Special - 4.49 4.69 5.09
Lender Flt 1yr 2yr 3yr
SBS Construction lending for FHB 3.74 - - -
SBS FirstHome Combo 3.29 3.99 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank 6.59 5.19 5.29 5.59
TSB Special 5.79 4.49 4.00 4.79
Unity First Home Buyer special - 3.99 - -
Unity Special 5.79 4.49 4.65 -
Unity Standard 5.79 5.29 5.45 -
Wairarapa Building Society 6.15 4.59 4.79 -
Westpac 5.89 5.09 5.35 5.65
Lender Flt 1yr 2yr 3yr
Westpac Choices Everyday 5.99 - - -
Westpac Offset ▲8.39 - - -
Westpac Special - 4.49 4.75 5.05
Median 5.99 4.59 4.87 5.09

Last updated: 20 January 2026 5:56pm

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