best bank for mortgage

ANZ wont let us borrow on our mortgage because you now need 20% so we are looking at moving banks because we desperatly need a new car and motorbike. apparently kiwibank will give you 95%. which bank is the best as far a service and being simple to follow?

Try a mortage broker - they take all the hassle out of it - and can access some 'non-traditional' services.

And a good one (like ours) will work her butt of to ensure you pay it off quickly. And keep reminding you of the savings you can make by doing this.

Good luck!

Kiwibank and AMP are two I know that will still do 95% lending but that is on fairly strict investigations. I don't think you'll get any of the 'big 4' to do 95% these days.

BNZ don't work with any brokers as far as I know but Westpac do, the beauty of a broker is that they have access to financial institutions you wouldn't otherwise think of (like AMP).

We've just been loaned 90% through AMP. We went through Roost mortgage brokers to get them though.

I went through BNZ. Found them great.

A friend passed on the name of a mortgage broker who actually worked for BNZ and he completely arranged everything.
We did need 20% however. You will find in this economy now most places will want that much. Even Kiwibank are very strict on there 95% lending now days, ive heard that from a few people

i highly recommend nzhome loans.....but it's like a revolving credit mortgage so it depends on what you are like with spending

we were originally with national bank and they were ok....but we're so glad we changed when we did and wondered why we didn't do it sooner! lol

we tried BNZ a couple month ago but they cant get in any much money and turned us down (even our lawyer was turned down for his loan) so i wasnt impressed with them as they implied we were practically gaurenteed the money then shot down the day before going unconditional. Ended up using Mortgage broker who go us one thru ANZ but we did end up having to get 20% (thank god for parents)- tried the welcome home loans but DP had only been in his job 3mths and they required a min 6 mths.

I say try Kiwibank and dont waste your time tryin for 95% with BNZ as they have tightened their criteria and waste your time as the only people they will loan over 80% to are doctors and millionaires

This is just my opinion of how they currently are BNZ was an excellent bank until we tried to get our mortgage 2 months ago around the time all the bank belt tightening was happening then i just felt messed around where as other banks told me straight up my chances were very low for 95-100% borrowing

we have our mortgage through national and we love them!!!. We needed a new vehicle for DH a few months back and they gave us a loan no trouble at all!!

Loved National, but moved to Kiwibank cos they were cheaper. They are awful to deal with and manage to screw everything up on every little task. Hate them and will be moving back to national when our fixed term expires. Have also found that although their rates are cheaper, they charge fees to do anything, much of which national would have done for free.
I have to say it though - can you get away with purchasing a cheaper car, and do you *need* a motorbike if the purchases will push you over 80% loan? Is there something you can sell to get the money, rather than increasing your loan?