Climate change – a threatening problem for lenders
A looming problem for mortgage advisers over the next few years and coming decades is going to be property insurance, Mark Solomon, LifeDirect managing director says.
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New line of credit business offering
Another small business lender adds line of credit product.
Economists hedge their OCR bets
In just a week the RBNZ will make another decision on the OCR and the BNZ says 0.25%,0.50% and 0.75% cuts are all options.
Mortgages harder to get over the line
Strung out bank mortgage application processing times are frustrating advisers.
Private credit rewriting mortgage and business borrowing
Private credit is reshaping lending in New Zealand as more people turn away from banks who can’t and, in many cases, won’t offer mortgage flexibility.
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Property News
Apartment owners thumped by consistently fast rising insurance
Treasury’s latest survey on insurance shows apartment and other multi-unit buildings (MUB) owners have borne the brunt of rising premiums.
Competition between investors and first home buyers about to heat up
Existing properties are on the radar of property investors as the pace of decline in property values finds a floor and first home buyer numbers dip.
From hunted to hunters
Property investors will be back in the market next year, even as house prices rise by 5-7%, Kiwibank says.
Top Mortgage Rates
| SBS FirstHome Combo | 5.15 |
| Unity First Home Buyer special | 5.49 |
| Heartland Bank - Online | 5.65 |
| TSB Special | 5.69 |
| Co-operative Bank - First Home Special | 5.79 |
| Nelson Building Society | 5.95 |
| AIA - Go Home Loans | 5.99 |
| ICBC | 5.99 |
| Unity | 5.99 |
| Co-operative Bank - Owner Occ | 5.99 |
| BNZ - Std | 5.99 |
| Heartland Bank - Online | 5.55 |
| ICBC | 5.65 |
| Unity | 5.69 |
| TSB Special | 5.69 |
| SBS Bank Special | 5.69 |
| Kiwibank Special | 5.69 |
| AIA - Go Home Loans | 5.69 |
| ANZ Special | 5.69 |
| ASB Bank | 5.69 |
| BNZ - Classic | 5.69 |
| BNZ - Std | 5.69 |
| ICBC | 5.49 |
| BNZ - Classic | 5.59 |
| BNZ - Std | 5.59 |
| Westpac Special | 5.69 |
| TSB Special | 5.69 |
| SBS Bank Special | 5.69 |
| Kiwibank Special | 5.69 |
| Co-operative Bank - Owner Occ | 5.69 |
| AIA - Go Home Loans | 5.79 |
| ASB Bank | 5.79 |
| Co-operative Bank - Standard | 6.19 |
| AIA - Back My Build | 5.44 |
| SBS FirstHome Combo | 5.44 |
| CFML 321 Loans | 6.20 |
| CFML Home Loans | 6.45 |
| ANZ Blueprint to Build | 7.39 |
| Heartland Bank - Online | 7.49 |
| ICBC | 7.49 |
| Unity | 7.64 |
| Co-operative Bank - Owner Occ | 7.65 |
| Co-operative Bank - Standard | 7.65 |
| Credit Union Auckland | 7.70 |
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From G to V to three
Former head of Vega mortgages moves to adviser group.
Ex Bluestone BDM joins Loan Market
Loan Market makes fifth new appointment in six months.
From MAC to board
The former chairman of the Member Advisory Committee (MAC) – mortgage and lending at Financial Advice NZ is now a board member.
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KiwiSaver assets grow to $117.6 bill
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KiwiSaver shortcomings identified in global report
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Climate change is a threatening problem for lenders
A looming problem for mortgage advisers over the next few years and coming decades is going to be property insurance, Mark Solomon, LifeDirect managing director says. [READ ON]