TMM - News

BNZ and Westpac stay out of new build loan battle

Monday 5th of July 2021

ANZ last week introduced a 1.68% variable rate for new build homes, becoming the cheapest floating rate in the market. 

While ASB previously launched a "Back my Build" rate at 1.79% in May, tapping into the Reserve Bank's cheap Funding for Lending Programme. 

Although ASB has enjoyed record demand from its new build launch, with more than $2 billion in lo...

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