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ANZ lifts most fixed lending rates, with mortgages set to get more expensive

ANZ move fantastic news for first-home buyers, broker says

“Lending for apartments does carry more risk than for other property, and we’ll still need a higher, 50 per cent deposit for smaller apartments below 38sqm and other, non-standard apartments like leasehold or studio apartments. Higher risks can include the ability for the property to maintain its value and increase over time, building defects, the quality of the body corporate, and leasehold tenure. “However, it’s important that homeownership is accessible to as many Kiwis as possible. So, we’ve changed our rules to unlock a wider range of apartments at lower deposits, as an affordable property option for more people.”

More affordable : Leading bank shaves 2 76 percent off its floating rate for customers wanting to build

More affordable : Leading bank shaves 2 76 percent off its floating rate for customers wanting to build
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