Upgrading explained
Buy first or sell first?
Selling first gives certainty on budget. Buying first avoids renting in between but may need bridging finance.
What is bridging finance?
Short-term lending that covers the gap when you settle the new place before the old one sells.
Your fixed rate when you sell
Repaying a fixed loan early can trigger break fees, but some lenders let you transfer lending to the new property.
Advisers in our network work with New Zealand's leading home loan providers.
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Get the order of events right
Selling first gives you a known budget. Buying first gives you certainty about where you're going. Both come with trade-offs around timing, cash flow and finance conditions.
An adviser can map out what each path looks like with your numbers, so the decision is made on facts rather than guesswork.
- What your lender will allow while you hold two properties
- How bridging finance is priced and assessed
- Whether your current fixed rate can move with you
- Structuring the new loan around your longer-term plans
Compare rates
A snapshot of advertised home loan rates from New Zealand lenders. The sharpest rate in each column is highlighted.
Swipe the table sideways to see all terms.
| Lender | Floating | 6 Months | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
|---|---|---|---|---|---|---|---|
 | 5.34% | 4.79% | 4.99% | 5.45% | 5.69% | 5.89% | 5.99% |
| 6.00% | 4.75% | 4.95% | 5.39% | 5.49% | 5.59% | 5.69% |
| 6.04% | 4.79% | 4.99% | 5.49% | 5.59% | 6.39% | 6.49% |
| 6.04% | 4.79% | 4.99% | 5.45% | 5.45% | 5.49% | 5.59% |
 | 6.04% | 4.79% | 4.99% | 5.49% | 5.69% | 5.89% | 5.99% |
| 6.09% | 4.79% | 4.99% | 5.45% | 5.45% | 5.45% | 5.49% |
 | 6.09% | 4.79% | 4.99% | 5.44% | 5.44% | 5.49% | 5.49% |
 | 6.10% | — | 5.89% | — | — | — | — |
| 6.14% | 4.75% | 4.99% | 5.45% | 5.39% | 5.39% | 5.49% |
 | 6.24% | — | 6.15% | 5.95% | 5.90% | — | — |
 | 6.54% | — | — | — | — | — | — |
 | 6.60% | — | — | — | — | — | — |
The live mortgage rates supplied by interest.co.nz are designed to be updated on a weekly basis, however sometimes updates may not occur as intended. Therefore the displayed rates are for reference only and may not be accurate, and we recommend you always check with a mortgage adviser or lender directly to confirm the latest rates on offer. The rates highlighted above are the ‘leading’ bank rate of the day, these rates may not be available to everyone. The highlighted rates may be ‘specials’, have ‘LVR requirements’, are for ‘owner occupiers’, or other ‘fine print’ to meet the eligibility criteria. Please check with the relevant lender directly to get information specific to your own circumstances.
See a rate you like? Run a free Rate Check.
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“Our adviser made the whole process so easy. Everything was explained clearly, and we always knew what was happening.”
“As first-home buyers, we had lots of questions. The advice was straightforward, friendly and never made us feel pressured.”
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“We wanted a second opinion before refixing our mortgage. The options were explained clearly, and we’re really happy with the result.”
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