Finally some good news for investors; Heritage Bank is decreasing some of its investment home loan rates by up to 32 basis points as of 1 February 2019.
These changes include:
- Decrease to Investment Principal & Interest and Interest Only Home Advantage interest rates (all tiers) by up to 22 basis points;
- Decrease to Investment Principal & Interest and Interest Only Discount Variable (all tiers) by up to 32 basis points;
- Decrease to Investment Interest Only 1-year fixed interest rate by 15 basis points;
- Decrease to Investment Interest Only 2-year fixed interest rate by 15 basis points.
This announcement comes one week after big four bank, NAB, lifted its rates by 0.12 per cent for owner occupiers paying principal and interest, and 0.16 per cent for investors and interest only customers.
