My home mortgage is with NZHL (which is affiliated to Sovereign). At the time I took out the mortgage, I also took out a couple of Sovereign insurance policies (Income protection, etc).
I just got a call from NZHL to say that, because I have now had the policies for 5 years, they will be reducing the interest rate on my current mortgages by .2 points. (ie now paying 7.3% instead of 7.5%). A kind of customer loyalty discount.
This will apply to my current mortgages - PLUS any new mortgages that I take out in future (ie for my next rental). Of course, I wouldn't necessarily want rental mortgages with the same lender as my home loan, and I could still possibly find better rates elsewhere at the time, but at least the offer is there.
I thought that was pretty good - a bank that voluntarily reduces my rates!
I have always been a big fan of NZHL (New Zealand Home Loans) - and this just confirms my views.
Just thought I'd share this......
I just got a call from NZHL to say that, because I have now had the policies for 5 years, they will be reducing the interest rate on my current mortgages by .2 points. (ie now paying 7.3% instead of 7.5%). A kind of customer loyalty discount.
This will apply to my current mortgages - PLUS any new mortgages that I take out in future (ie for my next rental). Of course, I wouldn't necessarily want rental mortgages with the same lender as my home loan, and I could still possibly find better rates elsewhere at the time, but at least the offer is there.
I thought that was pretty good - a bank that voluntarily reduces my rates!
I have always been a big fan of NZHL (New Zealand Home Loans) - and this just confirms my views.
Just thought I'd share this......
Comment