Sasha Woodard and Jaye Riddle have opted for a 12-month fixed rate to allow themselves the chance to secure a lower rate in a year's time.
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The couple moved back to New Zealand from Australia at the end of last year and got advice from Rothbury Mortgage adviser Josh Martin to help them into their first home.
Based on the way interest rates had been going, they decided on a year fixed rate so they could be free to reassess in 12 months.
They would settle on their three-bedroom in The Lakes in two weeks, Miss Woodard said.