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Mortgages

Mortgage Rates Daily Commentary
Wednesday 16 September 2026  Add your comment
New non-bank lender officially launches; And a bank cuts a rate

A new non-bank lender has entered the market. It's received a significant bank funding line and some of the names behind the business will be recognised by advisers.  [READ ON]

Who is behind MB Private? Find out here.

Amongst home loan rate news TSB has gone the other way and reduced rates on its one year term. Check out how it compares here.

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SBS chief exec dies

Thursday, January 7th 2016, 9:33AM

Wayne Evans, Group CEO of SBS Bank, died suddenly yesterday afternoon, of natural causes.

“Wayne was a vibrant and respected leader of our organisation," the bank says in a statement. "His passion and strategic leadership will be acutely missed. Our heartfelt condolences go to Wayne’s family.”

Out of respect for Wayne’s family, we will not be making any further comment at this stage.

Evans, 49, was appointed chief executive of the Invercargill-based bank in July 2014, replacing long serving CEO Ross Smith. Prior to that he ran the bank's personal lending subsidiary Finance Now.

Just over a month ago the bank rolled out a rebranding campaign, which has been spear-headed with a 3.99% one-year fixed rate.

Smith was a swimming enthusiast and father of four.

In February 2013, he became the seventh person to swim the Foveaux Strait and had planned to swim Cook Strait this year. He also held records for swimming across Lake Te Anau and Lake Wakatipu.

Tags: SBS

« Mortgage lending growsSBS interim boss named »

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 3.34 - - -
AIA - Go Home Loans 6.39 4.75 5.45 5.45
ANZ 6.29 5.59 6.09 6.19
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.99 5.49 5.59
ASB Bank 6.29 4.99 5.45 5.45
ASB Better Homes Top Up - - - 1.00
Avanti Finance - Near Prime 6.85 - - -
Avanti Finance - Specialised 8.00 - - -
Basecorp Finance 6.35 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 6.44 - - -
BNZ - Rapid Repay 6.44 - - -
BNZ - Std 6.34 ▲5.19 ▼5.35 ▲5.59
BNZ - TotalMoney 6.44 - - -
CFML 321 Loans 4.20 - - -
CFML Home Loans 6.55 - - -
CFML Prime Loans 6.70 - - -
CFML Standard Loans 7.20 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Co-operative Bank - First Home Special - 4.89 5.29 5.59
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 5.69 4.99 5.45 5.69
Co-operative Bank - Standard 5.69 5.49 5.95 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 5.09 5.49 -
First Credit Union Standard 6.49 5.69 6.09 -
FMT 7.15 - - -
FMT Development 7.90 - - -
Heartland Bank - Online 6.35 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 6.50 5.50 5.65 -
ICBC 5.39 4.49 4.99 5.25
Lender Flt 1yr 2yr 3yr
Kainga Ora 5.79 4.59 4.95 5.19
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 6.25 ▲6.05 6.29 ▲6.39
Kiwibank - Offset 6.25 - - -
Kiwibank Special ▲6.25 ▲5.15 5.39 ▲5.59
Liberty 6.65 6.55 6.22 6.20
Nelson Building Society 6.99 5.19 5.49 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 6.34 5.39 5.89 5.89
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.69 5.29 5.29
SBS Construction lending for FHB 3.79 - - -
SBS FirstHome Combo 3.29 4.29 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank 7.09 5.65 6.29 6.49
TSB Special 6.29 4.85 5.49 5.69
Unity First Home Buyer special - 4.15 - -
Unity Special 6.04 4.80 5.29 -
Unity Standard 6.04 5.60 6.29 -
Wairarapa Building Society 6.25 5.15 5.65 -
Lender Flt 1yr 2yr 3yr
Westpac 6.39 ▲5.79 ▼5.89 ▲6.19
Westpac Choices Everyday 6.49 - - -
Westpac Offset 6.39 - - -
Westpac Special - ▲5.19 ▼5.29 ▲5.59
Median 6.39 5.15 5.49 5.59

Last updated: 24 September 2026 10:48am

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