Cost of living dropping as mortgage interest rates tumble
Mortgage interest payments falling 17.3% last year kept the cost-of-living hikes for the average household at just 2.2%.
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Fewer complaints against advisers
Dispute resolution scheme Financial Services Complaints says it has received fewer complaints about financial advisers in the second half of last year than in the same time a year earlier, even as overall complaint numbers rose.
Hybrid human-AI client model the most effective for adviser success
Being a good mortgage adviser requires combining technical expertise in lending with exceptional customer service to build trust.
Mortgage lending reaches all-time high in big bank cash backs frenzy
As expected, billions of mortgage dollars washed around the major banks at the end of last year as homeowners chased the big cash backs on offer.
Competing with fintechs the way to go
Traditional mortgage advisory companies have been told to take the lead from fintechs in becoming more agile, innovative and aggressive.
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Property News
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 | 3.99 |
| SBS FirstHome Combo | 3.99 |
| ICBC | 4.25 |
| Co-operative Bank - First Home Special | 4.39 |
| Kainga Ora | 4.49 |
| Kiwibank Special | 4.49 |
| SBS Bank Special | 4.49 |
| TSB Special | 4.49 |
| Unity Special | 4.49 |
| BNZ - Std | 4.49 |
| Westpac Special | 4.49 |
| TSB Special | 4.00 |
| Kainga Ora | 4.49 |
| Kiwibank Special | 4.49 |
| ICBC | 4.59 |
| Unity Special | 4.65 |
| Nelson Building Society | 4.67 |
| SBS Bank Special | 4.69 |
| BNZ - Std | 4.69 |
| ANZ Special | 4.69 |
| AIA - Go Home Loans | 4.75 |
| ASB Bank | 4.75 |
| ICBC | 4.99 |
| Kainga Ora | 5.15 |
| SBS Bank Special | 5.29 |
| TSB Special | 5.39 |
| Kiwibank Special | 5.39 |
| Westpac Special | 5.49 |
| Co-operative Bank - Owner Occ | 5.49 |
| BNZ - Classic | 5.59 |
| BNZ - Std | 5.69 |
| ASB Bank | 5.69 |
| AIA - Go Home Loans | 5.69 |
| 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 - Offset | 5.65 |
| Kiwibank | 5.65 |
| Kainga Ora | 5.69 |
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People News
Prasad shifts to Pepper Money
Experienced business development manager Ashlene Prasad has left CFML Loans to join Pepper Money as a senior BDM.
Squirrel invests in taking The Squirrel Effect to Kiwis
Squirrel has appointed Abi Cooke into the role of chief marketing officer.
FMT appoints national strategic partnerships manager
FMT makes appointment to replace Bruce Smith.
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KiwiSaver News
Should KiwiSaver hardship applications be centralised?
KiwiSaver withdrawal numbers are up, but it’s not an easy process to go through, one adviser says.
KiwiSaver providers hope for political accord
KiwiSaver providers are hoping this is the year that politicians can work together on a better future for the retirement savings scheme. It is shaping up to be an election issue.
Should KiwiSaver be compulsory?
KiwiSaver providers are divided on whether it is appropriate for the scheme to be made compulsory.
[Your weekend TMM read] How much did this cost banks?
This is mind blowing. The big banks went on a cash back spending spree to win business at the end of last year (started by ANZ). The latest numbers from the Reserve Bank are dizzying how much switching went on.
One has to aask questions around banks' behaviour to win business. Clearly cash speaks louder than advice.
Read the numbers here