About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Friday, December 13th, 10:03PM
rss
Latest Headlines

RESIMAC's new low variable rates

Non-bank lender RESIMAC has taken a market leading position with its variable rate and also made other changes across the card. Full details here.

Monday, June 8th 2015, 9:22AM

RESIMAC Home Loans has reduced interest rates on its Specialist product range, by as much as 85 basis points and Prime rates by 50 basis points across its variable range for the next three months. 

RESIMAC general manager Adrienne Church says she can compete in this space as there is more margin to play with and the market environment is conducive to competitive pricing here.

"I can't compete with banks on fixed rates," she says.

While there had been a big move from floating rates to fixed rates as the OCR increased that trend is starting to reverse. Church says RESIMAC is now getting a lot of floating rate applications.

“This promotion has allowed RESIMAC to offer some of the lowest rates available in the market on both our Prime and Specialist range. Borrowers will be offered Prime rates as low as 6.09% and Specialist products as low as 7.99%,” RESIMAC Home Loans general manager Adrienne Church says.

The new rates are effective immediately and will apply to all new business and pipeline loans that are yet to reach unconditional approval. The three month promotion will run through to August 7. 

“In the highly competitive lending market that currently exists, RESIMAC continues to be a market leader. Our strategy has always been to match our superior products with the most competitive pricing available.

 

Standard Loan Variable 1 Year Fixed 2 Year Fixed 3 Year Fixed 4 Year Fixed 5 Year Fixed
Standard Loan <80% LVR 6.09% 5.88% 5.86% 5.90% 6.02% 6.06%
Standard Loan 80.01% - 85% LVR 6.59% 6.38% 6.36% 6.40% 6.52% 6.56%
Standard Loan 85.01% - 90% LVR 7.09% 6.88% 6.86% 6.90% 7.02% 7.06%
LOW DOC LOAN Variable 1 Year Fixed 2 Year Fixed 3 Year Fixed 4 Year Fixed 5 Year Fixed
Low Doc Loan 7.09% 6.88% 6.86% 6.90% 7.02% 7.06%

 

Tags: Mortgage Rates RESIMAC

« Edge Mortgages switches groups againBNZ's starts re-entry »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.05 4.05 4.49
ANZ Special - 3.55 3.55 3.99
ASB Bank 5.20 3.89 4.05 4.39
ASB Bank Special - 3.39 3.55 3.89
BNZ - Classic - 3.49 3.45 3.99
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.19 3.19 3.19
Lender Flt 1yr 2yr 3yr
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 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
HSBC Premier 5.24 3.54 3.54 3.69
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 4.04 3.95 4.39
Kiwibank ▼5.20 ▲4.20 4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - ▲3.45 3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
Pepper Money Near Prime 5.64 - 5.44 5.44
Lender Flt 1yr 2yr 3yr
Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 4.86 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.39 3.45 3.89
Sovereign 5.30 ▼3.89 ▼4.05 ▼4.39
Sovereign Special - ▼3.39 ▼3.55 ▼3.89
The Co-operative Bank - Owner Occ 5.15 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
TSB Bank 6.09 4.35 4.25 4.69
Lender Flt 1yr 2yr 3yr
TSB Special 5.29 3.55 3.45 3.89
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.39 3.45 3.99
Median 5.34 3.99 4.07 4.39

Last updated: 9 December 2019 9:02am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

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