Property and Finance – Mortgage switching hits a record high as loan terms shorten – Cotality

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Source: Cotality

Analysis from Kelvin Davidson, Cotality NZ Chief Property Economist

A record number of existing mortgage holders changed lenders in June, likely reflecting the short-term structure of many loans and the current ability to switch with minimal or no break fees. The cashbacks being offered are the incentive to take advantage of these conditions.

While other lending tr

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