Advisers’ fraudulent activity to be rooted out by FMA
Advisers selling mortgages and insurance through misleading or fraudulent activities are coming under the beady eye of the Financial Markets Authority (FMA).
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Never a better time in four years for first home buyers
Falling interest rates and house prices leading to better mortgage affordability is drawing first home buyers into the market in increasing numbers.
NZ mortgage payments to drop by $3b in the next year: Macquarie
About 70% of mortgages will reprice in the next 12 months and that is going to mean New Zealand’s collective mortgage payments will fall by about $3 billion, according to analysis by Macquarie Research.
Advisers well positioned to fill SME lending gap left by banks
Small businesses struggling to access capital as bank lending slows.
Calls for hold on OCR strengthen as GDP comes in higher than expected
Economists expect the OCR to be kept on hold at its meeting next month as GDP came in at 0.8% for the first quarter of the year – higher than most forecasters had predicted.
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Leaving last year's stumbling housing market behind
As interest rates ease and job losses climb, New Zealand’s housing market faces a mixed year of modest growth, with conflicting forces shaping the outlook for homebuyers and investors.
Don’t bet on house prices rising faster than incomes
Former Reserve Bank Governor and National Party leader Don Brash says there are grounds for believing that house prices may finally have ended the three-decade period when they rose significantly faster than incomes.
Similar Price Growth
Although houses prices typically rise more than apartments over the long-term, the gap is not as wide as many people expect.
Top Mortgage Rates
| Unity First Home Buyer special | 4.29 |
| SBS FirstHome Combo | 4.29 |
| ICBC | 4.85 |
| China Construction Bank | 4.85 |
| Co-operative Bank - First Home Special | 4.85 |
| AIA - Go Home Loans | 4.89 |
| Kiwibank Special | 4.89 |
| Kainga Ora | 4.89 |
| Westpac Special | 4.89 |
| BNZ - Std | 4.89 |
| ASB Bank | 4.89 |
| Nelson Building Society | 4.93 |
| AIA - Go Home Loans | 4.95 |
| Wairarapa Building Society | 4.95 |
| TSB Special | 4.95 |
| SBS Bank Special | 4.95 |
| Kiwibank Special | 4.95 |
| Kainga Ora | 4.95 |
| ICBC | 4.95 |
| Westpac Special | 4.95 |
| ANZ Special | 4.95 |
| ASB Bank | 4.95 |
| Westpac Special | 5.39 |
| SBS Bank Special | 5.39 |
| ICBC | 5.39 |
| BNZ - Classic | 5.59 |
| AIA - Go Home Loans | 5.59 |
| ASB Bank | 5.59 |
| Co-operative Bank - Owner Occ | 5.59 |
| BNZ - Std | 5.59 |
| Kainga Ora | 5.69 |
| Kiwibank Special | 5.79 |
| ANZ | 5.79 |
| SBS Construction lending for FHB | 3.94 |
| AIA - Back My Build | 4.44 |
| CFML 321 Loans | 4.99 |
| Co-operative Bank - Standard | 5.95 |
| Co-operative Bank - Owner Occ | 5.95 |
| Heartland Bank - Online | 5.99 |
| Kiwibank - Offset | 6.35 |
| Kiwibank | 6.35 |
| TSB Special | 6.39 |
| China Construction Bank | 6.44 |
| BNZ - Std | 6.44 |
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MPM finally gets new GM
Liberty has appointed a new general manager to the Mike Pero group nine months after the former GM left.
Finsure increases NZ staff
Aggregation business, Finsure Group, has appointed a compliance manager to help mortgage advisers deal with the regulatory changes and compliance issues which can often create extra stress for their businesses.
Avanti Finance anoints new national sales manager
Avanti business development manager promoted to role of national sales manager.
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KiwiSaver News
KiwiSaver is the future of financial advice: Bascand
More than a million people will be seeking advice on their KiwiSaver, Harbour Asset Management co-chief executive Andrew Bascand says.
KiwiSaver contribution rates to increase; Cuts to Govt contribution
The Government is increasing contribution rates to KiwiSaver, but at the same time reducing, and in some cases, removing the member tax credit.
Generate KiwiSaver customers most satisfied
Boutique providers have taken out the top spots in Consumer New Zealand’s KiwiSaver survey with Generate awarded People’s Choice.
Beady eye on bad behaviour: FMA targets unethical advisers
The FMA has noticed a rise in dodgy dealings. From misleading advice to hidden commissions, the watchdog is stepping in to clean things up. [READ MORE]