Mortgage fraud and advisers’ commissions under the FMA microscope
The Financial Markets Authority (FMA) is going after advisers and FAPs who flout its rules and pose significant risks for borrowers.
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ANZ still expects three OCR rises this year
Does the recent fall in oil prices mean that OCR hikes can now be called off?
KiwiSaver an option for mortgage advisers seeking ongoing income, provider says
Mortgage advisers looking for another stream of income as trail commission becomes harder to find are looking at their options in KiwiSaver, one provider says.
Brand awareness and tech the big issues for merged banks
Technology is going to be the key for the proposed TSB Heartland Bank to become a major challenger of scale with a regional focus.
Most Read
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1 KiwiSaver an option for mortgage advisers seeking ongoing income, provider says
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2 Brand awareness and tech the big issues for merged banks
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3 FMT strengthens Wellington lending team with new appointment
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4 ANZ still expects three OCR rises this year
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5 Mortgage fraud and advisers’ commissions under the FMA microscope
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Property News
New rules for meth contaminated houses
REINZ welcomes regulation of methamphetamine contamination in rental housing.
Leaving last year's stumbling housing market behind
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.
Don’t bet on house prices rising faster than incomes
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.
Top Mortgage Rates
| Unity First Home Buyer special | 4.09 |
| SBS FirstHome Combo | 4.19 |
| ICBC | 4.49 |
| Kainga Ora | 4.59 |
| Co-operative Bank - First Home Special | 4.59 |
| AIA - Go Home Loans | 4.65 |
| ANZ Special | 4.65 |
| ASB Bank | 4.65 |
| TSB Special | 4.69 |
| Co-operative Bank - Owner Occ | 4.69 |
| SBS Bank Special | 4.69 |
| Kainga Ora | 4.95 |
| China Construction Bank | 4.95 |
| ICBC | 4.99 |
| Nelson Building Society | 5.09 |
| SBS Bank Special | 5.19 |
| Kiwibank Special | 5.19 |
| Westpac Special | 5.19 |
| AIA - Go Home Loans | 5.25 |
| TSB Special | 5.25 |
| ASB Bank | 5.25 |
| ANZ Special | 5.29 |
| Westpac Special | 5.49 |
| BNZ - Std | 5.49 |
| ICBC | 5.65 |
| Kiwibank Special | 5.69 |
| Kainga Ora | 5.69 |
| Co-operative Bank - Owner Occ | 5.79 |
| SBS Bank Special | 5.79 |
| AIA - Go Home Loans | 5.89 |
| ASB Bank | 5.89 |
| TSB Special | 5.99 |
| China Construction Bank | 5.99 |
| 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 |
| ICBC | 5.39 |
| Kiwibank Special | 5.75 |
| Kiwibank - Offset | 5.75 |
| Kiwibank | 5.75 |
| Kainga Ora | 5.79 |
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New Prospa BDMs
Small business lender Prospa adds two new Business Development Managers.
New BDM at FMT
FMT adds Tauranga-based BDM
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KiwiSaver News
Give Total Rem the flick if KiwiSaver compulsory
KiwiSaver providers want more clarity on how total remuneration packages will be treated with any move towards compulsion.
National plays KiwiSaver card
National is proposing a range of changes to KiwiSaver if it returns to power, including making the scheme compulsory.
Adviser complains about KiwiSaver campaign
[UPDATED - ASB response] A financial adviser worried about ASB’s marketing campaign for its KiwiSaver schemes has taken his complaint to the Financial Markets Authority.
More mortgage advisers embarce KiwiSaver
KiwiSaver is the flavour d'jour at the moment (and probably will be all the way into the election). Yesterday National announced that, if re-elected, it would make KiwiSaver compulsory.
Meanwhile, trail commission is disappearing with Westpac and AIA disappearing from mortgage advisers' toolkit.
As we report today, mortgage advisers are now looking to KiwiSaver as a replacement income stream. [MORE DETAILS HERE]