Property Management

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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Listings shortage

Unity First Home Buyer special	3.95
SBS FirstHome Combo	3.99
ICBC	4.49
Kiwibank Special	4.49
SBS Bank Special	4.49
Co-operative Bank - First Home Special	4.55
TSB Special	4.59
Kainga Ora	4.59
Unity Special	4.59
BNZ - Std	4.65
Co-operative Bank - Owner Occ	4.65

ICBC	4.89
Kiwibank Special	4.89
China Construction Bank	4.95
Kainga Ora	4.95
SBS Bank Special	5.09
Unity Special	5.09
Nelson Building Society	5.09
BNZ - Std	5.09
Westpac Special	5.19
TSB Special	5.19
ASB Bank	5.25

Westpac Special	5.59
ICBC	5.65
Kainga Ora	5.69
SBS Bank Special	5.69
TSB Special	5.79
BNZ - Std	5.79
Kiwibank Special	5.79
Co-operative Bank - Owner Occ	5.89
ASB Bank	5.89
AIA - Go Home Loans	5.89
China Construction Bank	5.99

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	3.95
Co-operative Bank - Owner Occ	4.99
Co-operative Bank - Standard	4.99
Heartland Bank - Online	5.30
ICBC	5.39
Kiwibank - Offset	5.65
Kiwibank Special	5.65
Kiwibank	5.65

Property Management

100% Mortgages Reappearing In NZ

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