Battle of the Banks: Merger Fuels War over Mortgages

At the New Zealand Herald:

Banks are dropping mortgage rates and offering cash sweeteners, loaded credit cards, payment of legal fees and tablet computers as they go to war for customers.

High on their target list are disillusioned National Bank customers, whose bank is to be merged with the ANZ, which owns both brands.

While it is time to say goodbye to the black stallion that has held the head high of a true thoroughbred bank for many years (I remember it back in my farming years in the 1980s!), we can all be thankful of the very competitive mortgage rates on offer as a consequence. The revered black horse has held a market share that has been the envy of most banks and who now see it as an opportunity to lure those that are struggling to come to terms with the merger and dropping of the brand that has been part of the banking landscape for so long.

On the positive, money is so cheap at the moment and this must be one of the most favourable lending eras that we have had for years! While I know here in Christchurch there are more hurdles to jump and criteria to meet post-quake, in my opinion it is well worthwhile enduring the pain to secure a mortgage. Whether it is a first home or an investment property, I believe both fall into the category of “good debt” and will help you get ahead in the long run. With Christchurch already experiencing strong growth in the housing market, jumping onboard has got to be a good thing as demand for housing is set to look high for some time yet.

Go on, now is the time to do it – property is unlikely to become more affordable than it is today!

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About Peter Griffioen

Peter Griffioen - or simply Griff to those who know him - has an established reputation as a high-producing Harcourts Canterbury salesperson. With a focused approach to customer service you can rest assured that you are in good hands, whether it be a relaxed chat about the state of the market or an in-depth discussion regarding your next property transaction. The key advantage of engaging Team Griff’s services is their local knowledge and experience. Currently in this post-seismic era, it is vital to have true professionals working on your behalf, ensuring that you are guided through the process professionally and with a caring approach. The advent of the ‘as is, where is’ market means specialised expertise are required and Team Griff has taken it on themselves to both understand and explain the pros and cons of this now accepted sale/purchase option. For over 26 years the Griff brand has become synonymous with achieving results. Griff now prides himself with his five member team and takes much satisfaction from empowering them to both achieve and reach their own goals. A team with a proven track record placed with the highest ranking Harcourts Million Dollar Club members, exceeding the $275m level. Such accomplishments highlight the team’s exceptional marketing and negotiating skills. Team Griff are recognised as industry leaders for their online presence and regular blog posts of current and relevant real estate information. E-marketing and readily available property specific detailed info means Team Griff’s clients have the edge when it comes to selling their homes, not forgetting purchasers who benefit first hand. A simple Google search says it all – the Griff brand ranking with the most frequent. Griff’s life focus extends beyond business, with quality time and fun being high priorities, while mountain biking, boating and fishing provide that vital time out. His Christian faith is his anchor for daily living, and his community is important to him. For a team approach to optimize the result for your next property transaction, be sure to talk to this award winning team - synonymous with hard work and results! Griff and his trusted team welcome your enquiry today.

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