Mortgage News

Kiwibank's home loan guarantee challenged

Tuesday 14th of August 2012

Kapiti-based mortgage broker Simon Rule says when it comes to mortgages with loan-to-valuation ratios (LVRs) above 90%, he can't see how Kiwibank's loans can possibly be cheaper.

That's because Kiwibank is still using an external insurer, Australia-based QBE, for such loans and charges low equity premiums of up to 4.18% on a mortgage with an LVR of 95%.

"Most banks charge a maximu...

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