Resimac slashes prime rates
Non-bank Resimac has slashed prime rates to new lows as it pushes to take business from traditional lenders.
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ANZ eases servicing test
ANZ has become the latest bank to ease its servicing test criteria for borrowers, reflecting the lower interest rate environment.
Non-banks get Covid boost
Non-bank lenders have reported a flood of new customers turned away by the banks in the wake of the Covid-19 pandemic, as traditional lenders stick to conservative credit limits.
Avanti launches near-prime home loans
Non-bank lender Avanti Finance has launched a near-prime home loan as it seeks to attract new customers with stronger credit profiles.
Mortgage holidays set for extension
Minister of Finance Grant Robertson says the Reserve Bank could extend mortgage holidays for struggling borrowers.
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Property News
Auckland sees highest sales since 2015
The SuperCity turned in its strongest housing sales performance in a July for five years last month, new data from Auckland’s biggest real estate agency reveals.
ANZ eases servicing test
ANZ has become the latest bank to ease its servicing test criteria for borrowers, reflecting the lower interest rate environment.
Prices not impacted by new listings surge
There was an influx of new listings on to the housing market in July but it is making little impact on the shortage of housing stock around New Zealand.
ANZ eases servicing test; Surge in new listings
ANZ has become the latest bank to ease its servicing test criteria for borrowers, reflecting the lower interest rate environment: [READ ON]
There was an influx of new listings on to the housing market in July but it is making little impact on the shortage of housing stock around New Zealand: [READ ON]