Banks pay up to hook borrowers
Customers are switching banks in their thousands, helped by offers of financial assistance to mortgage holders.
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Home owners keen to switch banks and mortgages have been quick to cash in on financial sweeteners.
Most banks are now paying mortgage break fees to attract new customers – usually around $5000 to $7000 or more.
Keen to increase market share, most of the major banks say they are open to
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Blair Cunningham
Tue, 10 Jul 2012
Tue, 10 Jul 2012
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Banks pay up to hook borrowers
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