BNZ outlines stance on new regulatory regime

BNZ will only deal with groups who hold a FAP licence under the new regulatory regime, becoming the first bank to formally outline its stance on the subject.

Bluestone cuts variable rate

Non-bank lender Bluestone has passed on cuts of up to 40 basis points after the Reserve Bank’s Official Cash Rate cut last month.

Home loan complaints rise

Complaints against banks by home loan borrowers rose by 12.3% last year amid a rising number of declined applications, according to the Banking Ombudsman Scheme. 

Pepper Money launches in NZ

Australian non-bank lender Pepper Money has launched mortgage lending operations in New Zealand, with a vow to bring Kiwi borrowers unprecedented levels of choice and flexibility in their mortgage options.

Today's Rate Changes
  • SBS rate cut; OCR preview

    Good morning.

    As Spring kicks in, another bank has slashed mortgage rates.

    SBS Bank’s 3 year rate drops to 3.89%, level with ASB. Check out our rates table here.

    Meanwhile, economists have told us they don’t expect the Reserve Bank to cut the Official Cash Rate next week. See why here: [READ ON].