Sovereign Home Loan Fixed Rates Reduced….
Sovereign have reduced their home loan interest rates across fixed rates for the 12 month, 24 month, 36 month, 48 month and 60 month terms.
Please see the old and new fixed interest rates below:
|
Term |
Old Rate |
New Rate |
|
12 months |
5.80% |
5.70% |
|
24 months |
6.00% |
5.85% |
|
36 months |
6.30% |
6.10% |
|
48 months |
6.70% |
6.50% |
|
60 months |
7.10% |
6.90% |
Call us now on 04 5288 088 for more detail on what makes the Sovereign Go Home Loan such a great product for you!
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Click here to email Thorners or Call Us on (04) 528 8088
Mortgage Interest rate latest update
Homeowners on floating interest rates should quickly look to lock in fixed rates before prices move up in coming months…. click here to read more regarding this. (article supplied courtesy of Business.co.nz)
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Looking for an investment that has an AA credit rating?
At Thorners we have access to a myriad of investment options and we are always guided by the Standard & Poors rating list.
Non bank deposit takers have been in the limelight over recent years as many have got into financial difficulty and only two remain with an AA S&P credit rating which is the equivalent rating held by the the big Trading Banks.
If you are looking to invest wisely, contact us to discuss your options.
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Mortgage rate changes released 4 September 2009
Mortgage rates alter again effective from today so always get advice before chosing your fixed or floating options.
The new interest rate structures released this afternoon by several lenders reflects the changing cost of offshore funds, which banks rely on to supplement the funds their local depositors place with them.
There has been an easing in the cost of shorter term offshore funding rates but there was also significant competition in the New Zealand deposit market, which was pushing these rates higher than they would otherwise be.
Call Denis for free confidential home loan advice on 0274 575 190 or contact the office using the contacts below. Denis services clients NZ wide.
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Click here to email Thorners or Call Us on (04) 528 8088
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Retail deposit guarantee scheme to be extended
The Finance Minister has announced that the retail deposit guarantee scheme which was due to expire on 12 October 2010 will now be extended through to 31 December 2011.
Some changes to the scheme’s terms and conditions are being made which include:
* Participating institutions fees will be changed to reflect their risk profile.
* Eligible bank deposits will be covered up to a maximum $500,000 per depositor per institution and, eligible non-bank deposits to a maximum $250,000 per depositor per institution. The maximum at the moment is $1 million per depositor per institution.
* Deposit-taking institutions with a credit rating of BB or higher can apply to participate but institutions with a lower credit rating or no credit rating won’t be eligible despite being included in the current scheme.
* Collective investment schemes won’t be eligible for the new scheme.
The Government will introduce legislation to enact the changes prior to the current scheme expiring.
Call Denis if you are considering investing or renewing your existing bank or finance company deposits to get some sound advice. Either contact Denis by email denis@thorner.co.nz or on 0274 575 190.
Click here to view our disclosure statement.
Thorners – servicing clients New Zealand wide
Winner – Best Trade /Service Business
Upper Hutt Business Excellence Awards 2009
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Fixed interest mortgage rates rise again in August 2009
Long term fixed mortgage interest rates are on the upward rise again following adjustments overnight by several lenders.
If you are contemplating refinancing, increasing or taking out a new home loan then talk to Denis at Thorners first.
Denis Thorner provides advice to people New Zealand wide and offers home appointments anywhere from Wellington to Napier. Call him soon on 0274 575 190 for more information.
Thorners – winner of the Best Trade / Service Business Award at the 2009 Upper Hutt Business Excellence Awards.
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
