From my last name, you can easily tell I am a Vietnamese. In fact, almost 40% of Vietnamese people share the same surname. True story: the other week, I submitted a mortgage application for a client from Wellington who also happened to be a “Nguyen.” The bank came back and asked me to clarify our “personal relationship.” My answer? I sent them the statistic. (For the record, my parents also had the same surname before marriage — but don’t worry, they weren’t closely related. In Vietnam, it’s quite common!)
Are you considering switching banks to take advantage of a cashback offer as your fixed home loan rate comes to an end — but worried about the legal costs involved?