7 October 2005
Media release – for immediate release
BNZ has Best Mortgage Products on the Market – says Cannex Survey
Bank of New Zealand mortgage products rate as New Zealand’s best, according to Cannex’s New Zealand Mortgage Star Ratings.
Published yesterday – the bi-annual independent mortgage star ratings – reviews and rates over 400 mortgage products from 34 institutions in New Zealand. The products are evaluated on the basis of interest rates as well as other features.
Bank of New Zealand was awarded eleven 5-star ratings for superior mortgage products, the most of any bank, and well ahead of the nearest big bank.
Bank of New Zealand General Manager, Marketing Distribution and Strategy, Andrew Whitechurch, says the Cannex ratings are no great surprise.
“We’ve been the leading big bank in the fixed rate market for nearly two years. Our no-broker strategy means that we are able to offer keen prices, which have proved unbeatable.
“When you couple great rates with the range of flexible, customer-centric mortgage products we offer, including Fly-buys, Global Plus and Tailored Home loans, Bank of New Zealand’s offerings are the most complete in the market.
“It’s great to have that validated by an independent organisation like Cannex.”