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	3.99
ICBC	4.25
SBS FirstHome Combo	4.29
Co-operative Bank - First Home Special	4.35
Co-operative Bank - Owner Occ	4.45
TSB Special	4.49
ANZ Special	4.49
ASB Bank	4.49
SBS Bank Special	4.49
Unity Special	4.49
Westpac Special	4.49

TSB Special	4.00
SBS Bank Special	4.49
Kainga Ora	4.49
Kiwibank Special	4.49
Nelson Building Society	4.59
ICBC	4.59
Unity Special	4.65
BNZ - Std	4.69
ANZ Special	4.69
Westpac Special	4.75
ASB Bank	4.75

SBS Bank Special	4.99
ICBC	4.99
Kainga Ora	5.15
Westpac Special	5.29
BNZ - Std	5.29
Kiwibank Special	5.39
TSB Special	5.39
ASB Bank	5.45
AIA - Go Home Loans	5.45
Co-operative Bank - Owner Occ	5.49
SBS Bank	5.59

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	5.65
ANZ	5.69

Property Management

100% Mortgages Reappearing In NZ

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