Teething problems for NZFSG
NZFSG has drawn criticism from members for its transition to the new regime, with concerns over commission disclosure, fees and non-panel lending.
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Squirrel launches 95% mortgage
Squirrel Mortgages has launched a 95% mortgage for first home buyers, offering rates as low as 4.09%.
Heartland launches cut-price revolving credit product
Heartland Bank has launched a market-leading revolving credit facility at 2.75%, as the lender continues to offer low rate loans through the digital channel.
Housing market's unlikely Covid boost
Low net migration to New Zealand during the pandemic has given the nation a chance to "dent" its chronic housing shortage, according to Kiwibank economists.
Private fund activity grows
Small private lenders are becoming a bigger fixture in the mortgage market as investors seek new sources of financing for development projects.
Property News
Eviction notice oversteps tenants’ rights – results in damages
Exemplary damages of $600 have been awarded against a landlord who tried to evict tenants after a row over ceiling insulation and other property repairs.
Winners from new housing policies
The new-build residential, build-to-rent projects and commercial property sectors will probably be the big beneficiaries of the Government’s housing package – extending the bright-line test and scrapping mortgage interest deductibility.
Enormous leap in housing stock value
The country’s housing stock has grown to a massive $1.39 trillion, skyrocketing almost $200 billion in the year to December – despite the Covid-19 pandemic.
First interest rate rise; Advisers grumbling at the G
ASB has made some interesting interest rate changes dropping two short term rates by 40 and four basis points respectively, but raising its three, four and five year rates by between 20 and 40 points.
Meanwhile a month into the new adviser regime and some people are not happy with the oversight from their new FAP. [Read on]