News

Lending could get harder

North Shore mortgage adviser Kris Pedersen of Kris Pedersen Mortgages believes the Reserve Bank could tighten debt-to-income levels, which go live July 1, over time.



CCCFA changes could remove personal liability on directors and senior managers

The changes the government is considering making to the Credit Contracts and Consumer Finance Act (CCCFA) aren't the things that have made headlines, such as coffee and Netflix habits disqualifying borrowers from getting mortgages, since changes to the law came into effect in December 2021.

Co-op bank gallops ahead of the market

The Co-operative Bank is growing its home loan book at twice the market rate for two consecutive years.

RBNZ pushes go button on DTI restrictions

Debt-to-income (DTI) restrictions and loosening of loan-to-value ratios (LVR) will be introduced by the Reserve Bank on July 1.

Stuck in the slow lane

BNZ economists have revised their timing for OCR cuts and house price forecasts are down.

Today's Rate Changes
  • FMA FAP report card; Budget briefing

    The Financial Markets Authority has released a report on what it's found from its FAP monitoring visits - and there are some surprises in the results. [READ ON]

    BUDGET BRIEFING
    Finsia will be presenting a wrap up webinar on Friday following the presentation of the Budget.  The webinar will feature HSBC’s Economist (Australia, New Zealand & Global Commodities), Jamie Culling, and Armillary Ltd's Founding Director, Leon Grandy.

    Register here


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Property News

First home buyers making hay, investors MIA

First home buyers making hay, investors MIA

A lift in interest amongst first home buyers (FHB) remains a feature of housing activity.

Sticky market for investors – first home buyers in control

Sticky market for investors – first home buyers in control

Large numbers of property investors have not come back into the market despite  the reintroduction of 80% interest deductibility for landlords and the lowering in July of the Brightline test from 10 years to two years, QV says in its latest update.

Low house prices and deposits help first home buyers

Low house prices and deposits help first home buyers

The increasing number of low deposit mortgages being lent to first home buyers has been borne out by the latest CoreLogic research.

Top Mortgage Rates

SBS FirstHome Combo 6.14
Unity First Home Buyer special 6.55
Co-operative Bank - First Home Special 6.79
Heartland Bank - Online 6.89
Wairarapa Building Society 6.95
Kiwibank Special 6.99
TSB Special 6.99
Unity 6.99
Co-operative Bank - Owner Occ 6.99
ICBC 7.05
China Construction Bank 7.09
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.55
SBS Bank Special 6.69
ICBC 6.69
AIA - Go Home Loans 6.75
TSB Special 6.75
Westpac Special 6.75
ASB Bank 6.75
China Construction Bank 6.75
Co-operative Bank - Owner Occ 6.79
Unity 6.79
SBS Bank Special 6.19
AIA - Go Home Loans 6.39
Westpac Special 6.39
ICBC 6.39
ASB Bank 6.39
China Construction Bank 6.40
Co-operative Bank - Owner Occ 6.55
BNZ - Classic 6.55
Kiwibank Special 6.55
TSB Special 6.59
SBS Bank 6.79
AIA - Back My Build 6.19
SBS FirstHome Combo 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Standard 8.40
Co-operative Bank - Owner Occ 8.40
First Credit Union Standard 8.50
Kiwibank 8.50
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People News

LoanOptions gets new local BDM

LoanOptions gets new local BDM

LoanOptions expands its New Zealand team.

FMT adds a second Chch BDM

FMT adds a second Chch BDM

Former ANZ banker joins First Mortgage Trust in Christchurch.

Sue Griffiths gets a new job

Sue Griffiths gets a new job

Sue Griffiths joins another non-bank lender.

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KiwiSaver News

No shift on KiwiSaver balance gender gap

No shift on KiwiSaver balance gender gap

New KiwiSaver analysis for 2023 shows the 25% gap between men and women’s balances did not improve over the year.

National Capital: Women should back themselves on investment

National Capital: Women should back themselves on investment

Women can narrow the $61 billion KiwiSaver retirement gap through playing to their investment strengths, says financial advice firm National Capital.

Aurora KiwiSaver targets private assets that support business growth

Aurora KiwiSaver targets private assets that support business growth

Aurora Capital, which has allocated 3% to private corporate debt for its KiwiSaver conservative and growth funds, is also interested in investing in startup companies.