Mortgage News February 26, 2020
Westpac Rate Updates

Effective Friday 27th June, Westpac in New Zealand increased selected fixed and capped carded rates, and also reduced their three and five year fixed carded rates.


Please note Westpac removed their two, three and five year fixed rate specials.

Check out the updated rates in iLend™.

Westpac Product

Initial Rate

+/-

6 Month Fixed

5.8%
6.55% if LVR > 80%
6.95% if LVR > 85%
7.3% if LVR > 90%
7.55% if LVR > 95%

0.05%

6 Month Fixed Lo Doc

5.80%

0.05%

1 Year Fixed

6.09%
6.84% if LVR > 80%
7.24% if LVR > 85%
7.59% if LVR > 90%
7.84% if LVR > 95%

0.14%

1 Year Fixed Lo Doc

6.09%

0.14%

Capped 1 Year

6.49%
7.24% if LVR > 80%
7.64% if LVR > 85%
7.99% if LVR > 90%
8.24% if LVR > 95%

0.30%

Capped 1 Year Lo Doc

6.49%

0.30%

18 Month Fixed

6.3%
7.05% if LVR > 80%
7.45% if LVR > 85%
7.8% if LVR > 90%
8.05% if LVR > 95%

0.16%

18 Month Fixed Lo Doc

6.30%

0.16%

2 Year Fixed

6.39%
7.14% if LVR > 80%
7.54% if LVR > 85%
7.89% if LVR > 90%
8.14% if LVR > 95%

0.20%

2 Year Fixed Lo Doc

6.39%

0.20%

Capped 2 Years

6.99%
7.74% if LVR > 80%
8.14% if LVR > 85%
8.49% if LVR > 90%
8.74% if LVR > 95%

0.50%

Capped 2 Years Lo Doc

6.99%

0.50%

3 Year Fixed

6.65%
7.4% if LVR > 80%
7.8% if LVR > 85%
8.15% if LVR > 90%
8.4% if LVR > 95%

-0.04%

3 Year Fixed Lo Doc

6.65%

-0.04%

5 Year Fixed

6.99%
7.74% if LVR > 80%
8.14% if LVR > 85%
8.49% if LVR > 90%
8.74% if LVR > 95%

-0.41%

5 Year Fixed Lo Doc

6.99%

-0.41%

 

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