ANZ Offers 1.68 Percentage Home Loan Rate



ANZ offers a floating interest rate on a home loan of 1.68% for borrowers financing new builds.

Standard floating rates for home loans at major banks range from 4.44% to 4.59%.

ANZ’s discount rate, called Blueprint to Build, will be available for 24 months for new builds and projects that are already underway. The bank has warned that the standard floating rate may change during this time.

Last month, the ASB introduced a 1.79% tariff for people building a new home or buying a house and land.

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“As New Zealand’s largest lender, the current housing market continues to worry us because home ownership is beyond many,” said ANZ NZ managing director Ben Kelleher.

“New Zealand’s main problem is supply and demand. Making it more affordable for people to finance new construction is one of the ways we can contribute to increasing supply in the market. ”

ANZ will offer up to $ 3,000 in cash donation for first home buyers and for those customers who are building a home with a Homestar 6+ rating.

“In December, ANZ NZ was the first bank to require a 40% deposit from residential property investors as a step to rebalance the housing market,” Kelleher said.

“This, combined with other banks following their example and government initiatives, resulted in fewer investors entering the market. It has lost a bit of weight from the market.

“The Build Plan Initiative is another step we are taking to help more Kiwis climb the corporate ladder and grow healthier homes.”

ANZ is launching a discount offer for new customers.

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ANZ launches a discount offer for new customers.

Economist Rosie Collins previously stated that this kind of policy is a small step, but in the right direction.

“Much of the growth in lending in recent years, especially over the past year, has focused on buying and selling used homes rather than building new homes. Lending to construction has hardly increased since 2017, although we need to build more. ”

Lending to newly built real estate is exempt from loan amount restrictions, which means banks can offer loans to people who have small deposits.

It has also been suggested that government measures to bar investors from offsetting home loan interest rates against their rental income could push more new builds. Government plans to release new properties.


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