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

 

Parore tells BNZ to 'put up or shut up'

14 October 2005

Parore tells BNZ to 'put up or shut up'

"BNZ's latest incarnation of their Unbeatable Campaign continues to over promise and under deliver," says Adam Parore of Adam Parore Mortgages, who was interviewed by Martin Devlin on Radio Live on Friday morning.

"The BNZ have been banging on about being 'Unbeatable' for as long as anyone can remember, but at the same time they exclude 90% of the competition from their offer! They claim they will beat any other fixed rate, but only if it comes from one of the 'Big Banks'. What about all the other lenders in the market? It's like the Black Caps saying they will win the next World Cup so long as they don't have to play Australia, England, Pakistan and South Africa!"

"You're either Unbeatable or you're not. Either you want to compete or you don't. You can't stand there and tell everyone you are Unbeatable and then refuse to fight the next bloke who calls you out!"

Parore also claims borrowers need to take care to ensure they read the terms of the offer carefully.

"The offer is precisely worded to ensure that the BNZ are not committed to provide the 'best price'. All they are promising is a lower interest rate and they compensate for this in the fine print by charging an Establishment Fee. Typically this is $250 and will negate any interest rate advantage the customer may receive."

"At the end of the day the whole thing means nothing. If you are Unbeatable be Unbeatable. Otherwise shut up and stop wasting everyone's time."

Adam Parore Mortgages, launched this July, guarantees to provide the very best deal in the market for every one of its customers.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO: