NZCU Employees now offering Co-operative Bank home loans
NZCU Employees is now able to offer home loans to members through The Co-operative Bank. Co-op have a full range of product options and their experienced lending staff will work with you to make sure that you get the right Home Loan solution for your situation.
The range of products on offer include Welcome Home Loans for borrowers who have a minimum of 10% deposit and Fresh Start loans for people who have/have had previous credit problems. NZCU Employees will receive commission from Co-operative Bank for each home loan.
General Manager of NZCU Employees Credit Union, Kona Hatalafale, says the credit union is excited to be working with the Co-operative Bank to provide home loan products.
“NZCU Employees is delighted to be partnering to offer The Co-operative Banks’ extensive range of home loans to our member base,” he says.
Within the new loan product portfolio there is a Fresh Start home loan.
“The Fresh Start home is for people who have or have had previous credit problems that are considered to be outside the Home Loan criteria of mainstream lenders,” he says.
There is also a Welcome Home Loan designed for borrowers who have a minimum of 10% deposit. The product is supported by Housing New Zealand in the form of Mortgage Insurance.
“Welcome Home Loans are only available for applicants purchasing a property for owner occupation. While primarily for first home buyers, this product is available to second-chance home buyers in some circumstances,’ says Kona.
Members can enquire via the NZCU Employees website and a staff member will make contact to discuss the options available.