Two companies offering compliance to advisers have agreed to merge their businesses.
A NZX-listed trading house with links to the old NZ Finance begins lending in New Zealand, particularly on Auckland residential properties.
Involvement in a $50 million mortgage fraud scheme has earned an Auckland property developer nearly five years in prison.
Interest rates look set to remain low for a considerable amount of time following the Reserve Bank’s Monetary Policy Statement (MPS) and OCR call this morning.
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75%.
ASB have upped the ante in the one-year fixed space with a new Special rate that tops its main bank competitors. [Here's the table sorted lowest to highest]
Also, in adviser news, two compliance companies, IDS and Strategi have announced a merger. [READ ON]
This week we have seen a little movement in home loan rates, but we would have to stress it is only little. With the Reserve Bank loosening, ever so slightly, its LVR restrictions it will be interesting to see if that generates a little more activity from lenders.