Kiwibank is resurrecting a cash incentive for mortgage borrowers as it strives to spruik activity in a housing market stuck in the doldrums. “We last did this offer in June, which proved to be popular with customers, so this cash offer is back to continue helping more Kiwi achieve their home ownership goals. Kiwibank's 1% cash contribution offer is available for new Kiwibank home loan applications applied for between September 5 and September 25. Banks typically strive to spruik housing market activity in spring. Last month Kiwibank CEO Steve Jurkovich told interest.co.nz there may be a pick up in housing market activity in spring, but not at the levels of recent years.

Source: Stuff September 05, 2022 03:02 UTC