Lending policies changing rapidly

Bank lending policies are changing at their fastest rate since the GFC, with huge variations between major lenders, according to one Auckland adviser. 

TSB relaunches price-match offer

TSB has revived its home loan price-match offer, vowing to offer rates in line with the big-four banks.

Tough servicing tests remain

Advisers have called on banks to lower servicing test rates as home loans plummet to record lows.

Reserve Bank governor believes rates can go lower

Reserve Bank governor Adrian Orr believes banks have "room to go" to push home loan rates below current record lows.

Today's Rate Changes
  • Lending policies changing rapidly; TSB price match

    Bank lending policies are changing at their fastest rate since the GFC, with huge variations between major lenders, according to one Auckland adviser: [READ ON]

    No new rate changes today, but in case you missed it last week, TSB has vowed to match any home loan rate from the big four banks: [READ ON]


Property News

Compliance statement deadline extended

Compliance statement deadline extended

There’s some relief for struggling landlords with the announcement today that the Healthy Homes Compliance Statement deadline has been extended for an additional five months.

Consents fall could have been worse

Consents fall could have been worse

New dwellings consents dropped in April. That didn’t surprise anyone but economists were surprised that the drop wasn’t bigger.

No post-Covid-19 dent in asking prices

No post-Covid-19 dent in asking prices

Covid-19 has not diminished the price expectations of property sellers with new data revealing that average asking prices hit record highs in seven regions in May.