News

Activating DTIs and loosening LVRs

The New Zealand Banking Association (NZBA) wants the Reserve Bank to loosen proposed debt-to-income (DTI) restrictions because of the internal conservatism of some banks.



[Podcast] Basecorp's plans for 2024

John Moody from non-bank lender Basecorp joins us to talk about what happened last year, the company's plans for 2024 and opportunities for advisers.

Former mortgage adviser sentenced for fraud

Judge convicts and hands down sentence to former mortgage adviser over fraud charges.

Banks want tweaks, not repeal, to CCCFA and CoFi

Banks are optimistic the new National Party-led government will be more business-friendly than the previous government but they would prefer the government to tinker with regulation rather than engage in wholesale repeal.

Long-term development funding options needed

A gap has opened in non-bank long-term commercial funding for new products, says Andrew Stevenson, senior relationship manager at Funding Partners.

Today's Rate Changes

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Property News

Support for regulation

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

A better investment market

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

[OPINION] Recessionary times

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

Top Mortgage Rates

Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
Wairarapa Building Society 7.15
BNZ - Classic 7.24
SBS Bank Special 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
TSB Special 6.75
ICBC 6.75
China Construction Bank 6.75
AIA - Go Home Loans 6.79
Unity 6.79
Kiwibank Special 6.79
ANZ Special 6.79
Co-operative Bank - Owner Occ 6.79
ASB Bank 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
AIA - Go Home Loans 6.55
Co-operative Bank - Owner Occ 6.55
BNZ - Classic 6.55
ASB Bank 6.55
TSB Special 6.59
Kainga Ora 6.99
AIA - Back My Build 6.19
SBS FirstHome Combo 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Standard 8.40
Co-operative Bank - Owner Occ 8.40
First Credit Union Standard 8.50
Kiwibank 8.50
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People News

Loan Market adds national director to supercharge adviser growth

Loan Market adds national director to supercharge adviser growth

New leader for Loan Market in New Zealand.

Advice Link gets new head

Advice Link gets new head

NZHL Group appoints head of distribution and product development for Advice Link as it eyes further expansion.

Mortgage adviser takes out financial literacy award

Mortgage adviser takes out financial literacy award

Prominent social media poster William Tieu won Financial Advice NZ's financial literacy award.

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KiwiSaver News

Kiwis, depending on their age group, generally want compulsory KiwiSaver

Kiwis, depending on their age group, generally want compulsory KiwiSaver

Most Kiwis, bar Millennials, think regular KiwiSaver contributions should be compulsory, a survey has found.

KiwiSaver portability settings blocking investors from private asset benefits

KiwiSaver portability settings blocking investors from private asset benefits

A legal opinion by law firms Chapman Tripp and MinterEllisonRuddWatts has outlined proposed changes to the KiwiSaver framework to support investment in private assets.

KiwiSaver reaches $104 billion

KiwiSaver reaches $104 billion

Market movements saw KiwiSaver assets grow $8 billion in the last quarter of 2023, ending the year at $104 billion according to Morningstar’s latest data.