Anyone with a mortgage overseas? What interest rates are you paying?
A work colleague of mine, from UK, says his interest rate for his rental in UK has been 1.5% for the past few years.
If you own a mortgage overseas, and paying a lower rate, do you feel you are getting shafted by NZ banks?
One thing I also want to know too, is if the OCR (NZ) is 3.5%, and the banks add margin on top to make profit, who gets that 3.5%? Don't banks get that already? I guess they must pay the depositors huh.
A work colleague of mine, from UK, says his interest rate for his rental in UK has been 1.5% for the past few years.
If you own a mortgage overseas, and paying a lower rate, do you feel you are getting shafted by NZ banks?
One thing I also want to know too, is if the OCR (NZ) is 3.5%, and the banks add margin on top to make profit, who gets that 3.5%? Don't banks get that already? I guess they must pay the depositors huh.
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