Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Cairns Lockie Slashes Fixed Rates

Following the release of the Quick Start Home Loan two weeks ago, non-bank lender Cairns Lockie Limited today announced it was slashing all its fixed rates; some by up to 20 points.

The new fixed rates become

Quick Start 7.75%
One-year 8.05% (down from 8.10%)
Two-year 8.05% (down from 8.10%)
Three-year 8.05% (down from 8.20%)
Five-year 8.15% (down from 8.35%)

"Cairns Lockie is pleased to be leading the market down again," said Director James Lockie, "the new fixed rates are significantly below the main trading banks, who are expected to follow suit shortly"

Rates have been reduced following a reduction in longer dated wholesale rates.

Mr Lockie noted that there had been considerable market interest in the Quick Start Home Loan. This fully featured one-year fixed rate loan priced at 7.75% pa is specifically targeted at new borrowers and is yet to be matched by main stream lenders.

Cairns Lockie Limited is a mortgage banking company specialising in residential and residential investment lending. It has a strong internet presence through its site www.emortgage.co.nz

-ENDS-

For further information contact: James Lockie Director Cairns Lockie Limited Phone 09 525 9711 Fax 09 579 7795 Email jlockie@emortgage.co.nz Web www.emortgage.co.nz




© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Workers “Blind-Sided”: Sanford Processing Restructure Plan

Up to 30 jobs – almost half Sanford’s Bluff workforce - could be lost if the proposal to move white-fish processing to Timaru goes ahead. More>>

up arrow"Steady": GDP Up 0.6 Percent In March Quarter

“Construction was the main contributor to GDP growth this quarter, rising 3.7 percent, on top of a 2.2 percent increase in the previous quarter,” national accounts senior manager Gary Dunnet said. More>>

ALSO:

Gordon Campbell: On Our Wild West Banking Culture

David Hisco’s nine year stint as CEO of the ANZ bank (while his expense claim eccentricities went by unbothered by board oversight) has been a weird echo of the nine years of social neglect by the previous National government... More>>

ALSO:

Privacy & Regulation Issues: Hopes Facebook Currency Will Speed Pacific Transfers

A Tongan community leader is hopeful Facebook's planned digital currency will help end long wait times for money being transferred between New Zealand and the Pacific Islands. More>>

Oil Exploration: Chevron, Equinor Depart NZ

Chevron and Norwegian oil giant Equinor have opted to abandon their joint exploration efforts off the east coast of the North Island... Chevron said the decision not to proceed with the next five-year stage of their work programmes was based on the firms’ broader portfolio considerations and not “policy or regulatory concerns.” More>>

ALSO: