INDEPENDENT NEWS

Marathon winners announced before the race has even started!

Published: Tue 25 Oct 2016 04:33 PM
MEDIA RELEASE
OCTOBER 2016
WINNERS ANNOUNCED BEFORE THE RACE HAS EVEN STARTED
Ten winners to receive marathon-inspired home loan rate
ASB is pleased to announce the winners of the ASB Auckland Marathon ‘Run Down The Rate’ campaign, which gifts 10 Kiwis a market-leading home loan rate to match the winning time at next weekend’s ASB Auckland Marathon.
And with the help of the bank’s charity partner Starship, ASB has selected a further two families with children at national children’s hospital, Starship, to also receive the super-low rate.
The ten 2016 Run Down The Rate (RDTR) winners are Anita Goodman (Hamilton), Anne Williamson (Christchurch), Carmen Mountain (Auckland), Jane Hossack (Christchurch), Kate Haywood (Auckland), Kayla Janssen (Christchurch), Kevin Hardie (Auckland), Melanie Johnson (Hamilton), Simon Watson (Auckland) and Stephen Rowe (Lower Hutt).
On Sunday October 30, these winners will be watching and cheering as the first ASB Auckland Marathon runner crosses the finish line at Victoria Park and brings in their new home loan rate.
Last year’s ASB Auckland Marathon title is held by Aaron Pullford, who crossed the finish line in 2hrs 27 mins. If a runner repeats that effort this year, each of the twelve RDTR recipients could potentially look to save themselves up to $23,683 in home loan interest repayments*.
Hamilton-based Anita Goodman is ecstatic to be receiving a super-low home loan rate, “it's just awesome! It's a great opportunity to ease the pressure for my partner and I around our workload and mortgage. We love the outdoors and it's an amazing opportunity for my partner to ease off, for us to get out and enjoy everything life has to offer and to carry on with our community efforts," Anita says.
ASB Executive General Manager Marketing and Communications, Roger Beaumont says the ASB Auckland Marathon is a big event on New Zealand’s elite race calendar, and a worthy athletic challenge for every participant.
“ASB is proud to sponsor the Auckland event and help make it a memorable day for all involved. We wish all the runners taking part the best of luck for race day on October 30,” Mr Beaumont says.
“This year, we’re delighted to extend the excitement off the course, giving a market-leading interest rate to our Run Down The Rate winners, and two Starship families. With winners hailing from around New Zealand, ASB is pleased to offer each a significant savings in interest on their home loan.”
The 10 RDTR recipients come from around the country; four from Auckland, three from Christchurch, two from Hamilton and one from Lower Hutt. Winners will benefit from the super-low rate in their own way, some are yet to get on the property ladder and it may be the boost they need to make the first step, others will be getting a reprieve from existing repayments.
There’s still time to enter the full, half, 12K or 5K running events at the 2016 ASB Auckland Marathon, go to www.aucklandmarathon.co.nz
ASB AUCKLAND MARATHON
www.asb.co.nz/rundowntherate
ENDS
Run Down The Rate (RDTR), a competition run by ASB, was open to Kiwis across the country. It creates a two-year fixed home loan rate based on the fastest 2016 ASB Auckland Marathon finish time. If the winning race time is 2 hours 21 minutes, 10 winners will receive a two-year fixed home loan rate of 2.21%p.a. The faster the race, the lower the home loan interest rate – it’s that simple.
* Based on a home loan of $600,000 and last year’s winning Auckland Marathon time converted to an interest rate (of 2hr27m/2.27%p.a.), over a 20-year loan term, with a minimum of 20% equity, the 12 recipients could save up to $23,683 in interest costs over the two year interest rate period. The prize interest rate can be applied to new or existing approved ASB home lending, secured by owner-occupied residential property, up to a loan value of $600,000.

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