Mortgage adviser Jeff Royle, a significant player in the non-bank sector, says he has never come across a country so obsessed with interest rates.
The majority of SMEs know they’ll need more funding in the next 12 months and, despite a spike in short-term business confidence, the current macro-economic environment is causing business owners to remain cautious and seek professional advice first. MORE »
Most investors will be familiar with the concept of diversification both between asset classes and among securities within each asset class as the primary way to manage investment risk. MORE »
For the first time this year the value of new mortgages for home buyers was higher than the same month last year.
While the OCR is expected to hold at 5.50% at next month’s OCR review, at least three banks – ANZ, Westpac, HSBC – believe it will rise to 5.75% at the November RBNZ meeting. That’s despite the Reserve Bank’s indication it is not expecting to hike further in this cycle.
One of the most annoying things for mortgage adviser Brenda Murney of Vega is how banks assess affordability.
Mortgage completion rates are being used as a tool by banks to monitor the loyalty, effectiveness and servicing need for their adviser channel.
Are you a mortgage adviser who wants to offer more than a good rate to your clients?
Part of the early-stage recovery in the housing market comes from loan-to-value ratio rules being loosened in June.
Using Stats NZ’s urban-rural area classification, Infometrics has looked at New Zealand’s larger towns and cities and how they are projected to change.
ANZ reckons house prices will now lift 4% over the second half of this year. This is up 1% from its previous forecast of 3%.
Top Mortgage Rates
|SBS FirstHome Combo||6.25|
|Westforce Credit Union - Special||6.65|
|Heartland Bank - Online||6.69|
|Co-operative Bank - First Home Special||6.99|
|China Construction Bank||7.09|
|Wairarapa Building Society||7.15|
|Co-operative Bank - Owner Occ||7.19|
|Heartland Bank - Online||6.59|
|China Construction Bank||6.75|
|Co-operative Bank - Owner Occ||6.89|
|SBS Bank Special||6.89|
|Wairarapa Building Society||6.94|
|Westforce Credit Union - Special||6.95|
|China Construction Bank||6.40|
|BNZ - Classic||6.49|
|SBS Bank Special||6.69|
|AIA - Go Home Loans||6.69|
|Co-operative Bank - Owner Occ||6.69|
|SBS Construction lending for FHB||5.44|
|ANZ Blueprint to Build||5.88|
|AIA - Back My Build||6.19|
|SBS FirstHome Combo||6.19|
|Westforce Credit Union - Standard||7.00|
|Credit Union Auckland||7.70|
|Heartland Bank - Online||7.75|
|First Credit Union Standard||8.25|
|Pepper Money Essential||8.29|
|Co-operative Bank - Owner Occ||8.40|
Liberty adds a new underwriter, promotes a former underwriter to a BDM role and secures a specialist property lender from another non-bank.
NZ Home Loans has appointed a new group general manager strategy to help grow the business.
The Adviser Platform (TAP) has added two new hires in operations and support roles.
Calls for changes to KiwiSaver are growing louder.
Fee revenue from KiwiSaver dropped 8.1% in the year to 31 March 2023 says the latest Financial Markets Authority’s KiwiSaver annual report.
Parliament’s finance and expenditure committee has called for public submissions on the Employment Relations (Protection for Kiwisaver Members) Amendment Bill.