This week brought more good news for borrowers, with some New Zealand banks recently cutting their mortgage servicing rates from between 0.5% to 0.8%. This means that actual servicing rates are now more aligned with the advertised rates, and mortgage applicants can benefit from increased borrowing capability.
According to analysts, the combination of low interest rates and easing credit conditions may give the property market a good boost going forward. Generally speaking, borrowers might be able to borrow thousands of dollars more than they could last month.
Our Mortgage Link advisers have the pulse of the market, and know what lenders are offering across the board. So if you know of anyone who hasn’t been able to borrow the amount they needed over the past year, now is a good time to talk to us, reassess their circumstances and maybe try again.
To get in touch with the team at Mortgage Link, please contact:
021 835 506
Disclaimer: In preparation of this publication all care has been taken, however no warranty is provided as to the accuracy of the information and, as such, no responsibility is taken by Pivotal Financial for any errors or omissions.
This publication does not constitute personalised financial advice, may not be relevant to individual circumstances and should not be seen to constitute a recommendation of any description. Before taking any action in relation to matters dealt with in this publication please seek Professional Financial Advice.
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