Mortgage lending slumped by a huge 57.1% to $6 billion in January after rising to a record $14.1 billion in December off the back of the major banks’ short-lived 1.5% cashback incentives, the latest Reserve Bank data shows.
Financial advisers need to deliver clear, and client-friendly advice. OMNIMax has developed Investment Adviser Tool to make that process more efficient while improving the client experience. MORE »
The Reserve Bank’s new bank capital rules mean that Kiwibank can lend about $20 billion more in home loans or $7 billion more to businesses through to June 30, 2028 than it would have been able to under the previous capital rules.
While AI is coming for mortgage advice, the real question is whether the industry is leading it or reacting to it.
Fintech Dosh’s bid to become a bank swiped left by the Reserve Bank blocks banking innovation.
Mortgage advisers can now use ASB for clients buying a home under the Kāinga Ora First Home Loan scheme.
REINZ welcomes regulation of methamphetamine contamination in rental housing.
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.
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.
| SBS FirstHome Combo | 3.99 |
| Unity First Home Buyer special | 3.99 |
| ICBC | 4.39 |
| Co-operative Bank - First Home Special | 4.39 |
| TSB Special | 4.39 |
| BNZ - Std | 4.49 |
| Kiwibank Special | 4.49 |
| SBS Bank Special | 4.49 |
| Co-operative Bank - Owner Occ | 4.49 |
| ANZ Special | 4.49 |
| Unity Special | 4.49 |
| ICBC | 4.59 |
| ANZ Special | 4.69 |
| BNZ - Std | 4.69 |
| TSB Special | 4.69 |
| Wairarapa Building Society | 4.79 |
| Nelson Building Society | 4.87 |
| Kiwibank Special | 4.89 |
| Co-operative Bank - Owner Occ | 4.89 |
| SBS Bank Special | 4.89 |
| Unity Special | 4.89 |
| Westpac Special | 4.89 |
| ICBC | 5.19 |
| Westpac Special | 5.29 |
| TSB Special | 5.29 |
| BNZ - Std | 5.29 |
| SBS Bank Special | 5.69 |
| Kainga Ora | 5.69 |
| Co-operative Bank - Owner Occ | 5.69 |
| AIA - Go Home Loans | 5.69 |
| ASB Bank | 5.69 |
| Kiwibank Special | 5.79 |
| Westpac | 5.89 |
| 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 | 5.75 |
| Unity Special | 5.79 |
Specialist lender Cressida Capital has appointed a new property finance analyst.
Jack Patel has taken on a new role as business development manager with a specialist non-bank lender.
As part of a restructure NZFSG has appointed a new National Director.
Debt solution charity Debtfix is working with a growing number of KiwiSaver providers, to help them handle their financial hardship withdrawal workload.
Redirecting government KiwiSaver contributions to children and young people could be a way to set them up for life, at little additional cost, KiwiSaver providers say.
Kernel is celebrating taking the top spot for the high-growth and cash categories in its first three full years.
Kiwibank lending accelerates and there is room for more
Kiwibank has more money to fund home loans. [READ ON]