Mortgage News February 26, 2020
More Fixed Rates Go Down

Two more lenders in New Zealand reduced some of their fixed rates. Westpac reduced their special two year fixed rate by 0.10% p.a., whereas the Co-operative Bank reduced their six month, 18 month, and two year fixed rates by up to 0.10% p.a.


Check out the new rates in iLend™.

Lender

Product

Initial Rate

+/-

Westpac

Special 2 Year Fixed

5.99%

-0.10%

The Co-operative Bank

Fixed 1 Year

5.95%
6.2% if LVR > 80%
6.45% if LVR > 85%
6.7% if LVR > 90%

-0.05%

The Co-operative Bank

Fixed 18 Months

5.95%
6.2% if LVR > 80%
6.45% if LVR > 85%
6.7% if LVR > 90%

-0.05%

The Co-operative Bank

Fixed 2 Years

5.99%
6.24% if LVR > 80%
6.49% if LVR > 85%
6.74% if LVR > 90%

-0.01%

The Co-operative Bank

Fixed 6 Months

5.9%
6.15% if LVR > 80%
6.4% if LVR > 85%
6.65% if LVR > 90%

-0.10%

 

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