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Im with BNZ , offset floating mortgage at 5.5% on $630,000. I enquired with Kiwibank what could they do for me? Talk about slowness it took them over a month to get back to me after i emailed them all my financial information.They came back with an offer of 5.45%!This works out at a saving of $315 per year. Whoopee do! They wouldn't go any lower & were only prepared to pay around half of my break fee with BNZ. Time wasters.
Im with BNZ , offset floating mortgage at 5.5% on $630,000. I enquired with Kiwibank what could they do for me? Talk about slowness it took them over a month to get back to me after i emailed them all my financial information.They came back with an offer of 5.45%!This works out at a saving of $315 per year. Whoopee do! They wouldn't go any lower & were only prepared to pay around half of my break fee with BNZ. Time wasters.
I am with Kiwibank and will respond on the spot. Please contact me privately to secure the level of service that you require.
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Thousands of New Zealanders chasing a cut in their home loan interest rate have caused a log jam in the banking system, which is groaning under the weight of homeowners battling for the best deal.
One bank had 2000 inquiries last week about rates and was struggling to cope, a mortgage broker told the Weekend Herald.
"It's clogged up the banking system and people are waiting for decisions."
You think they can do a better deal than BNZ and ANZ, if you move your business to them.
When I was using them 2 years ago, my broker and I gave up, they were so busy and over stretched, it was taking literally months more to get applications processed than other banks.
That cause me significant angst so I vowed never to use them again.
Despite the valiant efforts of Equilibrium, I've found dealing
with KB to be a 'mixed bag.' That said, I agree that bank
policy and individuals are two different things.
Although perhaps a slight stretch, I'll regale you with the
tale of the cash register operator and an owner.
Some months back, I went into a shop to buy some shoes.
I arrived at the counter and the purchase was scanned.
"That'll be xxxx dollars," I was told.
"But they're advertised as a special at yyyy dollars," was
my response.
Not sure if it was me or what, but the seemingly ever-so-
slightly-smug response was, "oh, that special finished
yesterday."
I left the store empty-handed.
Although I can't now recall the details, I dimly recall some
similar incident with a completely different product. There
was some discrepancy between the ticket price and the
advertised price.
The owner/operator did not hesitate: "that special was
last week, but sure, you can have it at the same price,
this week."
I left the store with my purchase and the owner/operator
had a sale.
Sure, the till says this or that and all the other excuses.
But that's the difference between someone whose pay
goes up or down, based on sales and someone whose
pay does not.
When I sought to open a KB business account, I was
agreeably surprised as how straight-forward it was and
the way in which it was accomplished.
I (just so happened) to mention that I had a CC account
(with another bank) which turned over about $36k a year.
There was never any follow-up to seek that business.
Some days.
Good luck with the salvage operation, Equilibrium. Kudos
to you for caring/trying.
Hi AMR, there's a few things being circulated which up until now have gone unchallenged, I like to change this. I'm an investor as well as mortgage manager and also take an interest in investment groups from time to time. You're spot on with your assessement. I prefer not to say too much except many of the deals I see mentioned on this site as being good deals are probably deals I have done myself. We have a strength in sub 80% lending from a pricing perspective but endeavour to appear to the whole spectrum of customer.
You think they can do a better deal than BNZ and ANZ, if you move your business to them.
When I was using them 2 years ago, my broker and I gave up, they were so busy and over stretched, it was taking literally months more to get applications processed than other banks.
That cause me significant angst so I vowed never to use them again.
Who did you vow not to use again, as Kiwibank do not deal with brokers generally, assume you must be talking about someone else?
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