Heartland Group lifts annual profit 9% on reverse mortage and other lending growth

Heartland Group lifted annual net profit 9 percent amid growth in its reverse mortgages, motor and business lending divisions.

ANZ's Elliott voices concerns over credit controls

ANZ Banking Group chief executive Shayne Elliott has called for more clarity on responsible lending obligations, stating risk aversion has "infected" the banking system.

Q Advisor Group sets out licensing stance

Q Advisor Group will give advisers the choice of becoming a FAP in their own right or operating under its FAP licence under the new regulatory regime.

DTIs still on the Reserve Bank’s radar

Almost half of Auckland first home buyers have mortgages that are over five times their annual income – and that makes debt-to-income (DTI) ratios a hot topic again.

Today's Rate Changes
  • Kiwibank fixed rate cuts; Avanti debt milestone

    Yet more rate cuts this morning.

    Kiwibank has made some big cuts on its fixed rate card. Its 1 year special is down to 3.55% from 3.79%, and becomes the cheapest in the market by 14 basis points. Kiwibank's 2 year special falls to 3.65% from 3.79%, also the cheapest in the market.

    Take a look at how market rates compare on our rates table.

    In other news, Avanti has reached a debt milestone it says will free up more capacity to lend. Find our more here: [READ ON].