PHOTO: SIMON MAUDE/FAIRFAX NZ – The rate is the lowest in the market at present.
HSBC is offering an 18-month interest rate that is the lowest offered in New Zealand for more than 50 years,
The rate, 3.85 per cent for 18 months, is available to both owner-occupiers and investors.
It is the only rate available at less than 4 per cent in the market at the moment.
“Why wait for the spring mortgage campaigns if you’re wanting to buy a residential property, move house, or refinance an existing mortgage? Why not take advantage of our latest unrivalled 18-month-fixed home loan rate of 3.85 per cent during winter, while there’s generally less competition in the housing market,” said Glen Tonks, head of retail banking and wealth management at HSBC in New Zealand.
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