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Last Article Uploaded: Wednesday, August 4th, 4:32PM

Mortgages

Mortgage Rates Daily Commentary
Friday 30 July 2021  Add your comment
FSCL case highlights clawback danger

A case study posted by FSCL has highlighted the potential risks with clawback clauses. A mortgage adviser has been forced to drop their request for a commission clawback following a dispute: [READ ON]

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Latest Headlines

Vendor demands heighten risk for movers

Vendor demands for cash unconditional offers and auctions are forcing owner-occupiers to take on significant risks to move up the property ladder, according to advisers.

Wednesday, August 4th, 7:07AM

In a strong sellers' market, the vast majority of vendors are selling homes at auction, only accepting cash unconditional offers ahead of auction processes.

The vendor demands have made it more difficult for people looking to move up the ladder. Owner occupiers looking to trade up are faced with having to put in an unconditional offer before they have sold their own home.

Many...MORE»

Reserve Bank gets serious about 'risky lending'

Tuesday, August 3rd, 11:11AM  1 comment

The Reserve Bank of New Zealand is looking at ways to tighten up mortgage lending standards in another effort to slow down a rampant housing market.

MORE»

Valuation issues worsen

Monday, August 2nd, 6:40AM  1 comment

Bank demands for valuations are putting more pressure on advisers and clients as more deals require a valuation to get over the line.

MORE»

 

Previous News

FSCL case highlights clawback danger

Thursday, July 29th, 4:26PM

A mortgage adviser has been forced to drop their request for a commission clawback following a dispute involving FSCL.

MORE»

SBS plans new first home buyer product

Wednesday, July 28th, 9:42AM

Challenger bank SBS Group is planning to launch a new loan product for first home buyers as market forces make getting on the property ladder more difficult.

MORE»

Clients switching to three-year terms

Tuesday, July 27th, 9:13AM

Mortgage adviser clients are choosing three-year fixed mortgages in anticipation of rising interest rates, according to a new survey. 

MORE»

Mortgage lending boom continues through June

Monday, July 26th, 3:26PM

The home lending market remains red hot months on from the Government's housing market reforms, with June lending surpassing $8.5 billion.

MORE»

Prospa NZ business soars

Monday, July 26th, 12:04PM

SME lending specialist Prospa has recorded a surge in loan originations as more small businesses look to alternative lending channels.

MORE»

MORE NEWS»

Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 2.55 2.95 3.29
ANZ 4.44 3.10 3.50 3.84
ANZ Blueprint to Build 1.68 - - -
ANZ Special - 2.50 2.90 3.24
ASB Back My Build 1.79 - - -
ASB Bank 4.45 2.55 2.95 3.29
Basecorp Finance 5.49 - - -
Bluestone 3.49 3.34 2.99 3.34
BNZ - Classic - 2.55 2.95 3.25
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Std, FlyBuys 4.55 3.15 3.22 3.85
BNZ - TotalMoney 4.55 - - -
CFML Loans 4.95 - - -
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.95 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland Bank - Online 1.95 1.85 2.35 2.45
Heretaunga Building Society 4.99 3.80 3.90 -
Lender Flt 1yr 2yr 3yr
HSBC Premier 4.49 2.19 2.45 2.69
HSBC Premier LVR > 80% - - - -
HSBC Special - 2.25 - -
ICBC 3.69 ▲2.29 ▲2.69 ▲2.99
Kainga Ora 4.43 2.67 2.97 3.13
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 3.75 3.34 3.34 4.14
Kiwibank - Offset 3.75 - - -
Kiwibank Special 3.75 2.49 2.49 3.29
Liberty 5.69 - - -
Nelson Building Society 4.95 2.99 3.24 -
Lender Flt 1yr 2yr 3yr
Pepper Essential 4.79 - - -
Resimac 3.39 2.98 2.79 3.29
SBS Bank 4.54 ▲2.89 ▲3.29 ▲3.49
SBS Bank Special - ▲2.39 ▲2.79 ▲2.99
Select Home Loans 3.49 3.34 2.99 3.34
The Co-operative Bank - First Home Special - 2.29 - -
The Co-operative Bank - Owner Occ 4.40 2.49 2.89 3.19
The Co-operative Bank - Standard 4.40 2.99 3.39 3.69
TSB Bank 5.34 3.30 3.69 4.04
TSB Special 4.54 2.50 2.89 3.24
Wairarapa Building Society 4.99 3.55 3.49 -
Lender Flt 1yr 2yr 3yr
Westpac 4.59 3.15 3.49 3.89
Westpac - Offset 4.59 - - -
Westpac Special - 2.55 2.89 3.29
Median 4.54 2.78 2.99 3.29

Last updated: 2 August 2021 9:09am

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