Bluekey Home Loans/Mortgages

Approval of finance is usually given within 24 hours. Pre approval is also available.

Type of mortgage available

First mortgage where repayments cover principal and interest on flexible and fixed rates.

Flexible Term Mortgage

• No application fee.
• You can re-borrow funds up to your approved credit limit anytime. 
• You can make lump sum repayments at any time without penalty and thereby reduce your interest costs.
• You can combine all your debts into one loan and save interest costs.

Fixed Term Mortgage

• A $200.00 establishmant fee applies.
• Funds cannot be re-borrowed, although a new application for an additional loan amount may be allowed if lending criteria is met.
• A maximum of 5% of the loan balance may be repaid during the fixed term without penalty.
• PFCU reserves the right to charge an early repayment fee if a fixed term mortgage is repaid before the expiry of the fixed term.
  

Finance Available

For current criteria please contact our mortgage managers on 0800 285 6267.

Interest rates

Click here to view the current rates

Terms Available

You can have part fixed and part flexible to a maximum term of 30 years.

Acceptable securities are

• A property suitable to the Credit Union to hold a first mortgage over.
• Government Superannuation (GSF) or Police Superannuation (PSS) can be used as additional security to help cover the 10% deposit.  A charge over your superannuation will be held by the Credit Union so you don’t have to cash your superannuation in.

Fees 

• The application fee for a Fixed Term Mortgage is normally approximately $200.00 
• No fees apply to Flexible Term Mortgages.

Legal costs

• All legal costs and the valuation report will be your responsibility.
• Your solicitor may also be asked to act on the Credit Union’s behalf, at your cost.

FAQ'S
Click here to see some frequently asked questions regarding Mortgages

The Police and Families Credit Union is not a registered bank.