New mortgage adviser association now officially open for membership

The Finance and Mortgage Advisers Association of NZ opens its door to advisers and spells out its proposition.

More pain in store for mortgage holders

The latest Reserve Bank figures show 59% of existing mortgages will move onto higher interest rates in the next 12 months.

Financial complaints rise as cost-of-living pressures continue

As the cost of living crisis bites, disputes have risen by 36% and complaints to Financial Services Complaints Ltd (FSCL), a free financial ombudsman service, have risen by 17% .

Mortgage advisers aim to “educate” ComCom and want it to apologise

The mortgage advisory industry is putting in a concerted effort to educate the Commerce Commission that it's views of their role and motivations is plain wrong.

Today's Rate Changes
  • Reserve Bank not even glancing at OCR cuts; Lifetime Home Master Class Auckland

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Property News

Rate cuts needed to lift mood

Rate cuts needed to lift mood

The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.

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.

Top Mortgage Rates

Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
Co-operative Bank - Owner Occ 7.24
TSB Special 7.24
ASB Bank 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
AIA - Go Home Loans 6.75
TSB Special 6.75
Westpac Special 6.75
ICBC 6.75
China Construction Bank 6.75
ASB Bank 6.75
Co-operative Bank - Owner Occ 6.79
Unity 6.79
ANZ Special 6.79
AIA - Go Home Loans 6.39
Westpac Special 6.39
ASB Bank 6.39
China Construction Bank 6.40
ICBC 6.49
BNZ - Classic 6.55
SBS Bank Special 6.55
Kiwibank Special 6.55
Co-operative Bank - Owner Occ 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

Best and worst KiwiSavers according to Consumer

Best and worst KiwiSavers according to Consumer

Kiwi-owned providers have come out on top of Consumer’s annual KiwiSaver satisfaction survey.

Gender pay gap and not contribution rates disadvantage women on KiwiSaver

Gender pay gap and not contribution rates disadvantage women on KiwiSaver

Research by Auckland University of Technology for the Retirement Commission points to the gender pay gap as the main cause for women contributing less.

Bayly will talk to coalition partners before any change to KiwiSaver

Bayly will talk to coalition partners before any change to KiwiSaver

Minister of Commerce and Consumer Affairs Andrew Bayly says he wants to focus on capital markets and KiwiSaver providers have a part to play.