An Australian research company famous for rating mortgage deals on a five-star scale has set up shop in New Zealand to give banks here a similarly testing time.
Wednesday, February 4th 2004, 9:59PM
by The Landlord
Cannex, a financial services researcher, evaluates mortgage offerings from all the major banks and gives them a rating according to what features they offer as well as the cost.
The local office of Cannex has been set up by former banker Steven Anderson, who said that credit card ratings would also be available down the track.
The five-star mortgage rating system evaluates each offering by allocating it points.
