Lending expansion and new product to bolster Finbase
Finbase has launched a new 30-year mortgage product after a $150 million capital partnership deal with ASX-listed Challenger.
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Aussie private credit deal for Finbase
Australia listed Challenger has finalised a $150 million capital partnership with Auckland-based mortgage lender Finbase
Meet Helen Zheng, Business Development Manager at Xceda
Xceda is pleased to introduce Helen Zheng, Business Development Manager, supporting advisers with lending submissions, credit guidance, adviser education, and early stage deal structuring.
RBNZ predicts rising mortgage rates
The Reserve Bank says it expects average mortgage rates to increase from about 4.9% in March this year to about 5.4% by March 2027.
Divided RBNZ keeps the OCR on hold
The Reserve Bank is projecting its official cash rate (OCR) will probably rise to 2.5% in the September quarter, although there's still a chance of an earlier hike.
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New rules for meth contaminated houses
REINZ welcomes regulation of methamphetamine contamination in rental housing.
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.
Top Mortgage Rates
| Unity First Home Buyer special | 4.09 |
| SBS FirstHome Combo | 4.19 |
| ICBC | 4.49 |
| Co-operative Bank - First Home Special | 4.55 |
| Kainga Ora | 4.59 |
| AIA - Go Home Loans | 4.65 |
| Co-operative Bank - Owner Occ | 4.65 |
| ASB Bank | 4.65 |
| BNZ - Std | 4.65 |
| Nelson Building Society | 4.69 |
| TSB Special | 4.69 |
| ICBC | 4.89 |
| Kainga Ora | 4.95 |
| China Construction Bank | 4.95 |
| Nelson Building Society | 5.09 |
| SBS Bank Special | 5.19 |
| Westpac Special | 5.19 |
| BNZ - Std | 5.19 |
| AIA - Go Home Loans | 5.25 |
| TSB Special | 5.25 |
| ASB Bank | 5.25 |
| Unity Special | 5.29 |
| ICBC | 5.65 |
| Kainga Ora | 5.69 |
| SBS Bank Special | 5.79 |
| Westpac Special | 5.79 |
| BNZ - Std | 5.79 |
| AIA - Go Home Loans | 5.89 |
| Co-operative Bank - Owner Occ | 5.89 |
| ASB Bank | 5.89 |
| TSB Special | 5.99 |
| Kiwibank Special | 5.99 |
| 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 Special | 5.75 |
| Kiwibank - Offset | 5.75 |
| Kiwibank | 5.75 |
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New Prospa BDMs
Small business lender Prospa adds two new Business Development Managers.
New BDM at FMT
FMT adds Tauranga-based BDM
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KiwiSaver News
KiwiSaver balances lift but some members left behind
New data from the Retirement Commission shows balances have increased year-on-year, but some people are still being left behind.
Call for change in way New Zealanders shown their retirement savings future
New Zealanders may be underestimating how much they need to save for retirement – and calculators that tell different stories aren’t helping, one consultant says.
KiwiSaver value for money not set and forget
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.
New funding line; New product
Finbase has launched a new 30-year mortgage product after a $150 million capital partnership deal with ASX-listed Challenger. [READ ON]