Not enough awareness and understanding of non-bank lending
Mortgage adviser Jeff Royle, a significant player in the non-bank sector, says he has never come across a country so obsessed with interest rates.
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Mortgage lending on all properties thaws out
For the first time this year the value of new mortgages for home buyers was higher than the same month last year.
OCR – November hike or May cut
While the OCR is expected to hold at 5.50% at next month’s OCR review, at least three banks – ANZ, Westpac, HSBC – believe it will rise to 5.75% at the November RBNZ meeting. That’s despite the Reserve Bank’s indication it is not expecting to hike further in this cycle.
Affordability not always a level playing field
One of the most annoying things for mortgage adviser Brenda Murney of Vega is how banks assess affordability.
Banking study submissions highlight adviser issues
Mortgage completion rates are being used as a tool by banks to monitor the loyalty, effectiveness and servicing need for their adviser channel.
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Are you a mortgage adviser who wants to offer more than a good rate to your clients?
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Calling all mobile mortgage managers looking for a pathway to business ownership opportunity!
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Invitation for nominations/applications for positions on the Financial Advice Code Committee
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Group Relationships Manager
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Mortgage Adviser
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Loosened LVRs push up mortgage lending
Part of the early-stage recovery in the housing market comes from loan-to-value ratio rules being loosened in June.
New Zealand’s next top town
Using Stats NZ’s urban-rural area classification, Infometrics has looked at New Zealand’s larger towns and cities and how they are projected to change.
House price rises revised upwards
ANZ reckons house prices will now lift 4% over the second half of this year. This is up 1% from its previous forecast of 3%.
Top Mortgage Rates
| SBS FirstHome Combo | 6.25 |
| Westforce Credit Union - Special | 6.65 |
| Heartland Bank - Online | 6.69 |
| ICBC | 6.95 |
| Unity | 6.99 |
| Co-operative Bank - First Home Special | 6.99 |
| China Construction Bank | 7.09 |
| Wairarapa Building Society | 7.15 |
| Kiwibank Special | 7.15 |
| TSB Special | 7.19 |
| Co-operative Bank - Owner Occ | 7.19 |
| Heartland Bank - Online | 6.59 |
| ICBC | 6.65 |
| China Construction Bank | 6.75 |
| Unity | 6.79 |
| Co-operative Bank - Owner Occ | 6.89 |
| SBS Bank Special | 6.89 |
| TSB Special | 6.89 |
| Wairarapa Building Society | 6.94 |
| Westforce Credit Union - Special | 6.95 |
| Kiwibank Special | 6.99 |
| Westpac Special | 6.99 |
| Westpac Special | 6.39 |
| China Construction Bank | 6.40 |
| TSB Special | 6.49 |
| BNZ - Classic | 6.49 |
| Kiwibank Special | 6.49 |
| ICBC | 6.49 |
| SBS Bank Special | 6.69 |
| AIA - Go Home Loans | 6.69 |
| Co-operative Bank - Owner Occ | 6.69 |
| ASB Bank | 6.69 |
| Kainga Ora | 6.85 |
| SBS Construction lending for FHB | 5.44 |
| ANZ Blueprint to Build | 5.88 |
| AIA - Back My Build | 6.19 |
| SBS FirstHome Combo | 6.19 |
| Westforce Credit Union - Standard | 7.00 |
| Credit Union Auckland | 7.70 |
| Heartland Bank - Online | 7.75 |
| ICBC | 7.85 |
| First Credit Union Standard | 8.25 |
| Pepper Money Essential | 8.29 |
| Co-operative Bank - Owner Occ | 8.40 |
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Liberty makes three key appointments
Liberty adds a new underwriter, promotes a former underwriter to a BDM role and secures a specialist property lender from another non-bank.
NZHL makes appointment to drive growth
NZ Home Loans has appointed a new group general manager strategy to help grow the business.
TAP adds two
The Adviser Platform (TAP) has added two new hires in operations and support roles.
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Another leading KiwiSaver provider calls for changes
Calls for changes to KiwiSaver are growing louder.
KiwiSaver fee revenue drops for the first time since 2007
Fee revenue from KiwiSaver dropped 8.1% in the year to 31 March 2023 says the latest Financial Markets Authority’s KiwiSaver annual report.
Submissions open on new 'protection of KiwiSaver members' bill
Parliament’s finance and expenditure committee has called for public submissions on the Employment Relations (Protection for Kiwisaver Members) Amendment Bill.
Not enough understanding of non-bank lending
Mortgage adviser Jeff Royle, a significant player in the non-bank sector, says he has never come across a country so obsessed with interest rates. [READ ON]