Heartland hastening them out with uncompetitive rates, homeowners say

Heartland hastening them out with uncompetitive rates, homeowners say
Heartland Bank is exiting the New Zealand home loan business.
Maria Slade
When Auckland homeowner Jo went to refix her mortgage with Heartland Bank, she was shocked to see the interest rates it was offering.She has always shopped around for her home loan and moved to Heartland a few years ago because it was offering the most competitive rates.Not any more.The bank confirmed at its interim results announcement in February that it is exiting the New Zealand home loan market and has since told customers it is no longer offering 18-month, two- and three-year terms.At 5.89%, its remaining one-year rate is almost an entire...

More Property

NZ is off track on emissions targets: CCC
Property

NZ is off track on emissions targets: CCC

The Government will need new policies to cover the emissions target gap.

Greg Hurrell 25 Jul 2025
FMA warns lenders on mortgage fraud
Finance

FMA warns lenders on mortgage fraud

The FMA sees dangers for borrowers if lenders aren't vigilant.

Staff reporters 25 Jul 2025
The ‘tech bro’ approach to real estate
Property

The ‘tech bro’ approach to real estate

Tokenised property is coming, whether the regulators participate or not, experts say.

Maria Slade 25 Jul 2025
Du Val assets to remain frozen: Court
Property

Du Val assets to remain frozen: Court

The judge’s decision is heavily redacted, pending a suppression appeal by the Clarkes.

Maria Slade 22 Jul 2025