Advisers angered by new BNZ pricing conditions
BNZ has introduced new pricing conditions for the broker channel and will no longer guarantee mortgage rate offers during their five day validity period.
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October rate increases to follow recent moves
Banks are poised to raise interest rates further next month despite a wave of increases in recent weeks.
Broker complaint dismissed
FSCL has rejected a complaint against a broker and finance company after a client fell behind on mortgage payments and was forced to sell their home.
CCCFA an opportunity for advisers
Mortgage advisers will benefit from CCCFA lending changes as borrowers seek help with complex home loan applications, according to Squirrel's John Bolton.
Borrowers abandon one year rates
Borrowers are less likely to pick one-year fixed mortgages ahead of expected rate increases, with three-year deals becoming more popular, according to a new survey.
Property News
Rent levels countrywide
Median rent levels around the country have been examined in the latest Regional Property Insights report by independent economist Tony Alexander and First Mortgage Trust.
Investors continue to shy away from buying more property
A net 56% of mortgage advisers are seeing fewer investors stepping forward for mortgage advice, data from the First Mortgage Trust and Tony Alexander September survey shows.
Rents remain at all-time highs
Nationally rents remained at an all-time weekly high of $550 in August despite the country entering a nationwide lockdown.
Advisers angered by BNZ pricing move; Westpac NZ appoints new chief executive
BNZ has introduced new pricing conditions for the broker channel and will no longer guarantee mortgage rate offers during their five day validity period. Advisers have hit out at the changes: [READ ON]
Westpac has a new New Zealand chief executive and it is not acting CEO Simon Power: [READ ON]