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100% Mortgages Reappearing In NZ

As residential property prices continue to climb, the 100% or deposit-free mortgage is reappearing in New Zealand.

Saturday, October 18th 2003

In Britain, the average house price increased by 65 pounds per day - or about $1,000 a week - in September. There, major lenders routinely advertise 100% mortgages and deposit-free, interest-only mortgages are also available.

But aside from Kiwibank, which recently announced a two-year pilot mortgage assistance scheme offering deposit-free loans for house purchases of under $100,000, New Zealand lenders have been reluctant to step into this area.

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SBS FirstHome Combo 4.29
Unity First Home Buyer special 4.69
Co-operative Bank - First Home Special 4.89
ANZ Special 4.99
SBS Bank Special 4.99
ASB Bank 4.99
TSB Special 4.99
Kiwibank Special 4.99
Westpac Special 4.99
ICBC 4.99
AIA - Go Home Loans 4.99
Nelson Building Society 4.97
Kainga Ora 4.99
SBS Bank Special 4.99
Co-operative Bank - Owner Occ 4.99
Wairarapa Building Society 4.99
Unity 4.99
TSB Special 4.99
ANZ Special 4.99
ASB Bank 4.99
ICBC 4.99
Westpac Special 4.99
Westpac Special 5.39
ICBC 5.49
BNZ - Classic 5.59
Co-operative Bank - Owner Occ 5.69
ASB Bank 5.69
SBS Bank Special 5.69
AIA - Go Home Loans 5.69
BNZ - Std 5.79
Kiwibank Special 5.79
Kainga Ora 5.79
TSB Special 5.89
SBS FirstHome Combo 4.19
AIA - Back My Build 4.44
CFML 321 Loans 5.25
Co-operative Bank - Owner Occ 6.20
Co-operative Bank - Standard 6.20
Heartland Bank - Online 6.25
Kiwibank Special 6.50
Kiwibank - Offset 6.50
ICBC 6.50
Kiwibank 6.50
Unity 6.64

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