tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Wednesday, April 8th, 10:24AM

Mortgages

Mortgage Rates Daily Commentary
Wednesday 8 April 2020  Add your comment
Non-banks offer payment holidays and rate cuts

Non-bank lenders Avanti Finance and Resimac will offer borrowers repayment reduction options and deferrals amid the Covid-19 crisis: [READ ON]

Resimac has cut its variable rates. Its rates for new business now start from 3.49%, and two-year fixed rates start from 3.39%. See our full table of market rates here.

rss
Latest Headlines

New finance option for businesses

Nationwide Finance has a new finance package designed to help businesses purchase their own premises.

Tuesday, November 7th 2006, 6:04AM
Its 'owner-occupied' package allows business owners to reap the benefits of owning their own premises without the red tape that commercial banks would normally impose.

"Commercial banks will finance these sorts of deals, but business owners often end up paying a high price in terms of the restrictions placed on them such as cross-collateralisation of securities, equity covenants and heavy principal repayments," Nationwide ceo Steve Wilson says.

"Our new package enables business owners to maintain crucial separation between their business finances and their new property asset, meaning current banking arrangements are not impacted and business owners retain maximum flexibility to run their businesses as they see fit."

"This package offers business owners the chance to make a significant commercial property investment with the prospect of future capital gains, enjoy security of tenure and protect the business against rising rents.

It also allows business owners the freedom to make alterations to their premises to suit the needs of their business and there is even the potential for a future retirement income stream."

Nationwide is offering interest only options for up to 80% of the property value which helps free up cash flow.

"Some months ago we identified the need for a commercial property package which enabled our customers to get the benefits of property ownership without suffocating restrictions. Our new owner-occupied package is the answer to that need and we’re already working on other innovative business financing solutions to be launched in the near future.”

« One lender takes on banksHigher home loan rates this week »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 3.55 3.89 3.99
AIA Special - 3.05 3.39 3.69
ANZ 4.44 3.55 3.85 4.49
ANZ Special - 3.05 3.35 3.99
ASB Bank 4.45 3.55 3.89 3.99
ASB Bank Special - 3.05 3.39 3.69
Bluestone 4.44 4.44 4.29 4.34
BNZ - Classic - 3.09 3.35 3.69
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.75 4.10 4.55
Lender Flt 1yr 2yr 3yr
BNZ - TotalMoney 4.55 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.15 3.15 3.19
Credit Union Auckland 5.95 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union North 6.45 - - -
Credit Union South 5.65 4.75 4.75 -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Lender Flt 1yr 2yr 3yr
Heretaunga Building Society 4.99 4.35 4.45 -
HSBC Premier 4.49 2.95 3.09 3.50
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora ▼4.43 ▼3.55 ▼3.85 ▼4.14
Kiwibank 4.40 3.84 4.14 4.40
Kiwibank - Capped - - - -
Kiwibank - Offset 4.40 - - -
Kiwibank Special - 3.09 3.39 3.65
Liberty 5.69 - - -
Lender Flt 1yr 2yr 3yr
Napier Building Society - - - -
Nelson Building Society 4.95 4.09 4.15 -
Pepper Essential 5.18 - 4.98 4.98
Resimac 4.50 ▼3.49 ▼3.39 3.94
RESIMAC Special - - - -
SBS Bank 4.54 4.85 5.05 5.49
SBS Bank Special - 3.09 3.39 3.69
The Co-operative Bank - Owner Occ 4.40 3.25 3.45 3.69
The Co-operative Bank - Standard 4.40 3.75 3.85 4.19
TSB Bank 5.34 3.89 4.15 4.49
TSB Special 4.54 3.09 3.35 3.69
Lender Flt 1yr 2yr 3yr
Wairarapa Building Society 4.99 3.95 3.99 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
Westpac Special - 3.09 3.39 3.69
Median 4.59 3.55 3.85 3.99

Last updated: 8 April 2020 8:55am

Previous News

MORE NEWS»

News Bites
Compare Mortgage Rates
Compare
From
To
For

To graph multiple lenders, hold down Ctrl key while clicking in list box

Also compare rates to OCR
Find a Mortgage Broker

Add your company

Use map
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com