2 Year Fixed Rate Falls To 4.39%

New Reserve Bank lending requirements are being implemented at the end of the month for the Auckland investment property market. A standalone investment property in Auckland will now be limited to 70% lending. Those who want a greater level of lending can still use existing equity in another property such as the home that they are living in to obtain the other 30% if so desired.

The BNZ has introduced a 2 year fixed home loan rate of 4.39%.