Mortgage News

Westpac splits floating rate

Monday 9th of December 2013

It may lead the market, but the rate is just one basis point below what Kiwibank has been offering customers for some time.

The move to split the card across all fixed and floating rates is in response to the Reserve Bank’s LVR requirements and to help make the decision making process easier for customers in assessing  what options are available to match their circumstances.

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