Kiwibank extends Chch mortgage help

Last updated 08:33 12/10/2012

Relevant offers

Your Property

Always spy before you buy Renovations take a back seat to holiday House sales stats Christchurch house prices show signs of flattening Rental homes more dangerous for children: study Stick with your gut on reno choices New breed of real estate agent charges by the hour Stage one of new housing project to begin Canterbury's award-winning homes of 2014 The ups and downs of renovating a doer-upper

Kiwibank is extending its Christchurch earthquake home loan package through to the end of next year.

Aimed at people affected by the earthquakes who are eligible for the Government's red zone assistance, the initiative was launched in June and had been scheduled to end this December.

The mortgage offer is a 2 per cent discount on the bank's floating rate for a year from draw down. Based on the current floating rate this would be 3.65 per cent.

The loan is available to people who accept the offer from the Government and want to buy or build a home elsewhere. They would be required to contribute the Government's payout towards the property purchase price.

Kiwibank has also appointed Tracey Berry as general manager for Canterbury Growth.

She said Kiwibank was also offering a special home loan offer for Christchurch customers building new homes.

"The special rat is a 1 per cent discount on the floating rate for one year from drawdown (making the rate 4.65 per cent per annum) plus we are offering 0.25 per cent off all our standard fixed rates."

Ad Feedback

- Stuff

Comments

Special offers

Featured Promotions

Sponsored Content