have been with bnz for around 10 years but the heartland rates look quite good compared has anyone switched ? what do the lawyer fees cost?

clck2 - 2021-08-11 14:27:00

clck2 wrote:

have been with bnz for around 10 years but the heartland rates look quite good compared has anyone switched ? what do the lawyer fees cost?

There could also be costs charged by BNZ because you wish to break your contract with them !!

onl_148 - 2021-08-11 14:45:00

comes off fixed term in September

clck2 - 2021-08-11 15:42:00

Heartland are a good lender and offer competitive rates. However they do not generally offer cashbacks like the mainstream so your costs will be around $1500. When HSBC did a similar promotion a while ago we worked out that taking into account cashbacks, ASB was actually cheaper over a 12 month period. Good luck.

jeffqv - 2021-08-11 15:53:00

clck2 wrote:

comes off fixed term in September

Doesn't matter. B.N.Z. will still want its 500 gm. of flesh. You could try to negotiate with them.

amasser - 2021-08-11 16:49:00

BNZ wont care you are just a number

ardss - 2021-08-11 18:43:00

Bank of New Zealand owned by NAB, National Australia Bank.

market1 - 2021-08-11 20:35:00

thanks .. i have been fixing foe a year at a time for about the last 6 years have asked for cashback again this time but no reply to that usually only get about a grand every couple of years have just under 600k on mortgage

clck2 - 2021-08-12 09:32:00

Try TSB, they might offer you a special deal to change. NZ owned too and good service, and cheaper rates than ripoff BNZ.

tygertung - 2021-08-12 09:37:00

heartland bank declined because we are in a the country (lifestyle block)

clck2 - 2021-08-17 14:06:00

Shop around and then ask BNZ to match the best rate. Saves hassles and costs and you might get a sharper deal than simply letting it roll over.

gumboot999 - 2021-08-18 12:32:00

The other annoying thing to check is if Heartland require you to change your everyday accounts also.

tohwe - 2021-08-20 21:42:00

Ha ha ha. 500grams of flesh. It takes a while, but we all convert to metrics in the end.

laurelanne - 2021-08-22 06:21:00

gumboot999 wrote:

Shop around and then ask BNZ to match the best rate. Saves hassles and costs and you might get a sharper deal than simply letting it roll over.

I did this with Westpac recently. Couldn't really be bothered changing banks again, but they didn't know that.
I practice on Vodafone every couple of years, get large credits and cheaper internet rate to stay with them.
I fixed for 3 years at 2.65%.

Edited by melagray at 8:25 am, Tue 24 Aug

melagray - 2021-08-24 08:20:00

I will just stick with Westpac, never denied me money when I wanted to lend it.
Okayed a mortgage for me at 19. How keen a bank is to lend to you has to surely come into the equation when choosing banks. An overly conservative lender limiting.

houseofdad - 2021-08-25 11:52:00

melagray wrote:

I did this with Westpac recently. Couldn't really be bothered changing banks again, but they didn't know that.
I practice on Vodafone every couple of years, get large credits and cheaper internet rate to stay with them.
I fixed for 3 years at 2.65%.

Can you give the date when you fixed at 2.65% please ?

houseofdad - 2021-08-25 11:53:00

Get a broker to find you the best deal. Your new bank may give you $$$'s to cover your legal fees.

emeargg - 2021-08-25 21:01:00