Kiwibank appoints ex-BNZ head of private banking as its general manager of Canterbury growth as it extends earthquake mortgage specials

Kiwibank appoints ex-BNZ head of private banking as its general manager of Canterbury growth as it extends earthquake mortgage specials

Tracey Berry, who stepped down as BNZ's head of private banking & wealth earlier this month, has re-emerged at Kiwibank as general manager of Canterbury growth.

Berry's appointment comes as the state owned bank extends its home loan specials available to home owners whose properties were damaged by the earthquakes in Christchurch by a year.

Kiwibank says the offer's open to people eligible for the Government’s red zone assistance, and will now be open for applications through to the end of 2013, rather than the end of 2012.

"The offer is for mortgage lending at a 2% discount on its floating rate for a year from draw-down. This means that the rate will be 3.65% p.a. based on the current variable rate," Kiwibank says.

The loan package is available to people who accept the offer from the Government and want to buy or build a property elsewhere. They will be required to contribute the Government’s payout towards the property purchase price.

Kiwibank says the special rate is a 1% discount on the floating rate for one year from draw-down (making the rate 4.65% p.a.). The bank's also offering 25 basis points off all standard fixed rates.

"Kiwibank can also now offer new insurance policies through Tower. This will be on a case by case basis for property owners in TC1, TC2 and rural/unmapped zones. To be eligible, you’ll also need a contents or motor policy with Tower."

Berry, who lives in Christchurch, joined BNZ at the start of 2011 from Kiwibank where she had been general manager of wealth.

See all bank advertised mortgage rates here.

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