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Switching lenders reaches record
Thursday 28th of August 2025
RBNZ data shows 28.8% of homeowners holding $9 billion in mortgages switched lenders in July.
That is a record for the central bank’s new residential mortgage lending by purpose data series, beating the previous record of $2.457 billion set in June.
Over the year to July, the number of new mortgages taken for a change in lender rose by 41.8% and increased 7.6% from J...
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