Source: Canstar
July 24, 2024: Congratulations to SBS Bank, the winner of Canstar’s Bank of the Year | First Home Buyers Award for the third consecutive year.
Economic conditions have conspired against first home buyers over the past three years. A weak economy, job insecurity and high interest rates have put many Kiwis’ home ownership plans on ice.
However, throughout this period, one bank has continued to provide steadfast assistance and support to make dreams of homeownership a reality: SBS Bank.
SBS Bank’s FirstHome Combo package has helped many Kiwis into a first home, and has won the bank Canstar’s prestigious Bank of the Year | First Home Buyers Award three years in a row.
This year, once again, SBS Bank achieved its win against stiff competition. Our analyst team noted the prevalence of cashback offers among the financial institutions in its research, and commended SBS Bank for offering a complete wraparound service to first home buyers, one that delivers extremely competitive rates in addition to a range of cash and other financial incentives.
Tom Slee, Canstar Group Manager – Wealth, Health & New Zealand says, “While it’s never been easy to save for a first home, the current economic environment has made it even more challenging. However, SBS Bank’s FirstHome Combo has been there consistently to support the aspirations of first home buyers.
“The Combo’s mix of advice, discounted rates and market-leading cashback and financial incentives makes it a standout mortgage product for anybody contemplating a first-home purchase. Congratulations to the team at SBS Bank for its hat-trick win.”
Mark McLean, SBS Bank Group Chief Executive, says SBS is delighted to be named Canstar’s Bank of the Year First Home Buyers for 2024.
“We are immensely proud to hold the title now for three years, back-to-back,” Mr McLean says. “This is outstanding recognition of the value and support we offer our first home buyers across all stages of the home-buying journey.
“Our SBS Bank FirstHome Combo knocks it out of the park with a market-leading home loan rate, backed by our exceptional tools and support through the loan application process and throughout the life of the loan.
“Congratulations to the entire SBS Bank team for their hard work in supporting first home buyers and delivering on our purpose of helping Kiwis into homes.”
Canstar’s Bank of the Year | First Home Buyers Award
Bank of the Year | First Home Buyers Award
The award sits alongside Canstar’s other awards, covering banking, insurance and KiwiSaver products, which are all designed to help consumers make more informed financial choices.
Click here for more information on SBS Bank’s win: https://www.canstar.co.nz/first-home-buyers/sbs-bank-best-first-home-buyers/
