My Opinion
Opinion

The importance of mortgage advice

A theme this week is how important the mortgage advice channel is becoming in the distribution of home loans.

A theme this week is how important the mortgage advice channel is becoming in the distribution of home loans.

We've known this for a while but when you see organisations like BNZ come out and and say that without third party distribution the bank would have gone backwards in market share over the past financial year.

Likewise, NZCU Baywide made similar comments this week on the importance of mortgage advice.

Another interesting development was RESIMAC's new offer in the specialist and low doc space. These are the two core offerings from the lender and with this package they are trying to help people get into their own homes. 

Looking ahead next week we have the OCR, while there is unlikely to be any change in rate, it will be interesting to see if there is any change in its thinking around future interest rates and inflation.

- Philip Macalister

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