Finware Focus

26 June 2014 - RESIMAC Rate Changes

Effective 26th June, Resimac in New Zealand reduced their Prime Low Doc rates and at the same time increased their Prime Standard rates.


24 June 2014 - SBS Rate Increase

Effective 24th June, SBS increased their floating and some of their fixed rates by up to 0.15% p.a.


23 June 2014 - AMP Winter Special

Effective 23rd June, AMP introduced further discounts on their variable rates by 0.20% p.a. This discount applies to new home loans on the Professional Package with a loan amount greater than or equal to $500,000 and with an LVR of 80% or less. It is also available for top up loans of $10,000 or more for existing customers’ qualifying loans.


19 June 2014 - Westpac Follows OCR Increase

Effective 19th June, Westpac in New Zealand follows the Official Cash Rate change and increase their variable rates by 0.25% p.a.


13 June 2014 - ING Variable Rate Reductions

Effective 12th June, ING Direct enhanced their interest rate structure for Orange Advantage and SmartPack Mortgage Simplifier, with changes reduced to some of their variable rates.


13 June 2014 - Lenders Quick to Follow OCR Increase

Following the recent increase to the Official Cash Rate by Reserve Bank of New Zealand several lenders have already updated their rates accordingly.


11 June 2014 - Homeloans Fixed Rate Reductions

Effective 10th June, Homeloans Ltd reduced their Ultra three, four and five year fixed rates by up to 0.16% p.a.


6 June 2014 - ASB Fixed Rate Specials

Effective 6th June ASB introduced a five year fixed rate housing special of 6.85% p.a., and reduced their two year fixed rate special to 5.85% p.a.


4 June 2014 - ME Bank Fixed Rate Update

Effective 4th June, ME Bank reduced their one and five year fixed rates by up to 0.40% p.a.


4 June 2014 - The Co-operative Bank Rate Reduction

Effective 4th June, the Co-operative Bank reduces their two year fixed rate by 0.14% p.a. and their four and five year fixed rates by 0.10% p.a.

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