PHOTO: RNZA couple who regretted their decision to fix their home loan for five years in 2023 have been unsuccessful in their complaint against their bank. It said the couple fixed their home loan for one year in 2021 and 2022. The couple said the bank had misled and pressured them into refixing the loan for five years. "I did have a case last month where a client had fixed his loan in for five years with his bank directly at 6.39%. "Once we had his break fees on his mortgage, we ran figures through our break cost benefit calculator.

Source: Otago Daily Times December 22, 2025 03:22 UTC