Peer to peer lender Lending Crowd has cut its borrower interest rates for all new business and personal loan applications including vehicle purchases and debt consolidations.
A former BNZ employee, a lawyer and the wife of a property developer have been found guilty of involvement in a $54 million mortgage fraud case.
Hamish Patel of Mortgagesonline.co.nz, has warned that proposals to make advisers disclose commission could “skew things towards lenders” and leave the industry on an uneven playing field.
The government’s latest data on housing affordability reveals a growing number of first time buyers have “below average income” after housing costs.
ANZ has seen a near five-fold increase in the number of borrowers using KiwiSaver funds for a home deposit.
There are no rate changes from lenders in our table, however one of the peer to peer lenders, Lending Crowd, has cut some of its rates. [DETAILS HERE]
In other news a former BNZ employee, a lawyer and the wife of a property developer have been found guilty of involvement in a $54 million mortgage fraud case. [READ ON]
I was fortunate yesterday to attend some of the Mortgage Finance Association of Australia’s broker conference in Sydney yesterday.