News

Mortgage top-ups a deceptive debt

Monday 11th of April 2005
It appears at the bottom of a National Bank mortgage reminder as an innocuous postscript that could be the key to that new car, house extension or winter trip to Fiji.

"PS: As a special offer, if you want to apply for a top-up to your loan, we'll reduce the $250 top-up fee to $100, so long as you do so before 17 May 2005."

A top-up sounds tempting if you're not thinking o...
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