Should you opt for a Kiwi bank?

Remember how Level 4 lockdown meant shopping at two large supermarket chains – and one of them was Australian-owned? Windfall profits ensued.

Nothing against the Aussies, but I know a lot of people would have liked to support local businesses as well. With the big four banks being Australian-owned, I often hear a similar request: “Can we look at getting a mortgage from a New Zealand bank?”

I’ve got good news – you can. And it doesn’t necessarily mean opting for the government-owned bank with Kiwi in its name. There are some excellent alternatives.

Both TSB and SBS are locally owned, and they offer home loans. At Sue Tierney Mortgages, we will look at all the options, including those offered by true New Zealand banks.

If it’s important to you to support locally-owned businesses – and if those businesses have a product that will help you achieve your goal – then we will make it happen. 

We’re always here to help you with home loans and all your personal finance questions. Get in touch now.