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ANZ Throws Down Gauntlet in Spring Property Market

ANZ Throws Down Gauntlet in Hot Spring Property Market

ANZ Bank is leading the market by dropping its 1 year fixed rate to 6.95% and launching a special offer for homebuyers that will save them thousands of dollars.

Having had a strong winter the property market is now booming and playing a big support role in the New Zealand economy. It is soon to get another shot in the arm as the traditional spring buying season gets underway.

ANZ Head of Mortgage Marketing, Annette Sloan, says the property market is going from strength to strength and the competition is fierce.

"This spring offer is the best package deal ANZ has had for a long time. With the housing market on the rise, so too is the competition," she says. "This offer will be highly attractive for all prospective home buyers."

ANZ's spring offer includes:
· A 1 year fixed rate of 6.95%. This deal will be held open for customers who have loans approved and drawn down by 20 December 2002.
· No Loan Approval Fee for all new ANZ Home Loans of $100,000 or more drawn down before 20 December 2002.
· A $600 cash contribution toward legal fees for all new ANZ Home Loans of $100,000 or more, and a $1000 contribution for loans of $400,000 or more drawn down before 20 December 2002.
· All new ANZ Home Loans and Top Ups drawn down by 20 December 2002 (whatever the size of the loan) will also go in the draw to win a Toyota RAV4 4x4.

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