Some of the market’s most prominent non-banks have set up the speed dating breakfast next month to raise awareness about alternative lenders, as banks continue to tighten available credit.
The early morning event will take place at Wellington’s Westpac Stadium on Wednesday 14 November, starting at 8am.
Resimac, Bluestone, First Mortgage Trust, Heartland, Liberty, NZCU Baywide, Southern Cross Partners, and Spotcap are behind the Wellington event.
It will allow mortgage advisers to ask questions about products and features on offer, and explore potential financing scenarios for clients.
Event organisers say a "special guest" will be in attendance at the Wellington event. If it is successful, further speed dating sessions could follow over the next few months.
It follows a successful speed dating night in Auckland in August attended by advisers including Mortgage Link and the Mortgage Supply Company. About 120 people attended the first event, which saw advisers learn more about alternative lenders and finance companies.
The speed dating event comes as non-bank lenders report growing interest from advisers, as banks restrict lending due to regulation on both sides of the Tasman. Non-banks say customers are being turned away from the big banks, leading them to non-bank lending sources.
Lenders including Resimac have reported strong growth in New Zealand this year as customers explore non-bank sources.
