Property Management

NZMBA opposed to Kiwibank scheme

The New Zealand Mortgage Brokers Association is concerned that the current housing boom is pushing home ownership out of reach of first home-buyers.

Saturday, October 18th 2003

Association chairman Brian Berry suggests that one way to combat this would be for lenders to relax their rules on the need for would-be mortgage holders to provide evidence of saving.

Most banks currently want evidence that people have saved at least 5% of the deposit they need to buy a house.

"That’s unrealistic as property values go up and rentals go up. It’s become more difficult for people to save. There are a lot of people out there with good incomes but no deposits," Berry says.

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Still dirt cheap

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

NZMBA opposed to Kiwibank scheme

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