Wednesday, 5 May 2021, 5:29 am All first home buyers can now access a 2.25% floating home loan rate, the lowest in New Zealand, via Simplicity KiwiSaver Scheme. The floating rate was previously only available to existing Simplicity members who had been with the provider for one year. But given its fast growth, Simplicity is now offering the rate, with no waiting period, to every first home buyer in New Zealand who switches to its KiwiSaver scheme. Floating rate mortgages offered by banks range from 3.4% from Kiwibank, to 4.59% from Westpac. “Not only will first home owners pay a much lower floating mortgage rate than any bank, our