Misc

Mortgages easier in the upper North Island

Rising house prices are not squeezing people out of the mortgage market and it is getting easier to borrow money, says a Massey University study.

Wednesday, October 08th 2003

The latest AMP home affordability index research done by the university shows a 2.8 per cent rise in the September quarter, indicating that people's ability to borrow to buy a house is improving.

Although the picture in seven out of 11 regions is good, Aucklanders' ability to borrow is worsening.

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Heartland Bank - Online 6.89
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
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Heartland Bank - Online 6.55
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AIA - Go Home Loans 6.75
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Unity 6.79
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SBS Bank Special 6.19
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Westpac Special 6.39
AIA - Go Home Loans 6.39
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TSB Special 6.59
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ICBC 7.85
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