Have you been quoted large fixed rate break fees to get out of that high rate?  Competition is starting to heat up in the mortgage market and two of New Zealand's main banks are now considering, on a case by case basis, paying all or some of your fixed rate break fee/s to entice you to refinance to them as a new customer.  On top of this they have been offering $1,000.00 towards your legal fees to refinance plus a further $1,000.00 cashback.

If you're on a high fixed interest rate on your mortgage you may have a window of opportunity to break it and have the break fee covered by another bank, getting you into today's low interest rates and saving you money.

For more information, contact Jo at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or Brett Wood, Mortgage Advisor at LoanMarket on 021 886 444 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .