Advisers increased origination of BNZ home loans
Is BNZ rediscovering that ditching mortgage advisers comes at a cost?
Is BNZ rediscovering that ditching mortgage advisers comes at a cost?
Booster’s Wealth Series is the Wellington-based fund manager’s answer for investors looking to combine a level of active management with competitive value. MORE »
KiwiSaver had always been part of client conversations at Moneta. But as compliance expectations increased and clients began expecting faster, clearer, and more digital experiences, the team saw an opportunity to enhance the way they delivered KiwiSaver advice. MORE »
As economic struggles push the country towards stagflation, borrowers with mortgage arrears continue to decline.
Mortgage advisers originated 58% of ANZ Bank New Zealand’s home loans in the six months ended March, down from 59% in the same six months a year earlier.
ANZ economists see little value in fixing mortgages for more than one year from a pure cost perspective.
ANZ suggests the RBNZ will rise three times this year. Kiwibank says "reckless" rate hikes unwarranted.
REINZ welcomes regulation of methamphetamine contamination in rental housing.
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.
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.
| Unity First Home Buyer special | 3.95 |
| SBS FirstHome Combo | 4.19 |
| Kiwibank Special | 4.49 |
| ICBC | 4.49 |
| Co-operative Bank - First Home Special | 4.55 |
| Unity Special | 4.59 |
| TSB Special | 4.59 |
| Kainga Ora | 4.59 |
| BNZ - Std | 4.65 |
| ASB Bank | 4.65 |
| AIA - Go Home Loans | 4.65 |
| ICBC | 4.89 |
| Kiwibank Special | 4.89 |
| Kainga Ora | 4.95 |
| China Construction Bank | 4.95 |
| Nelson Building Society | 5.09 |
| Unity Special | 5.09 |
| BNZ - Std | 5.09 |
| SBS Bank Special | 5.19 |
| Westpac Special | 5.19 |
| TSB Special | 5.19 |
| AIA - Go Home Loans | 5.25 |
| Westpac Special | 5.59 |
| ICBC | 5.65 |
| Kainga Ora | 5.69 |
| TSB Special | 5.79 |
| SBS Bank Special | 5.79 |
| BNZ - Std | 5.79 |
| Kiwibank Special | 5.79 |
| AIA - Go Home Loans | 5.89 |
| ASB Bank | 5.89 |
| Co-operative Bank - Owner Occ | 5.89 |
| China Construction Bank | 5.99 |
| SBS FirstHome Combo | 3.29 |
| AIA - Back My Build | 3.34 |
| SBS Construction lending for FHB | 3.74 |
| CFML 321 Loans | 3.95 |
| Co-operative Bank - Standard | 4.99 |
| Co-operative Bank - Owner Occ | 4.99 |
| Heartland Bank - Online | 5.30 |
| ICBC | 5.39 |
| Kiwibank | 5.65 |
| Kiwibank Special | 5.65 |
| Kiwibank - Offset | 5.65 |
FMT adds Tauranga-based BDM
Loan Market adviser Ryan Amoore has shifted to the corporate team as a Regional Manager.
Specialist lender Cressida Capital has appointed a new property finance analyst.
Financial advisers need to remember that value-for-money is an ongoing expectation in KiwiSaver, one financial advice technology specialist says, not something that can be dealt with once and ticked off.
KiwiSaver managers are likely to expand their allocation to private assets in the coming years, the Financial Markets Authority says, but one investment adviser says there should be more demand for it than there is.
KiwiSaver providers are cautiously supportive of changes to make it easier for farmers to buy homes – but would prefer the tinkering with the system stopped.
BNZ results in; Advisers write more business
Is BNZ rediscovering that ditching mortgage advisers comes at a cost? [READ ON]
Mortgage borrowers catch up on arrears - More here