Mortgage News

BNZ rate will get brokers' phones ringing

Friday 4th of September 2015

BNZ is from today offering a rate of 4.35% fixed for one year, to borrowers with 20% equity, their "everyday banking" and one other product with BNZ.

It was previously 4.59%.

The move has been tipped to be the first in this year's spring mortgage war.

Broker John Bolton, of Squirrel, said aggressive marketing offers such as the BNZ rate always encouraged broker inquiries.

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