Tella widens CRM platform’s capabilities
Tella has rolled out a major technology upgrade for its specialised mortgage and finance CRM platform MyDash, in a bid to become an industry leading advice platform.
Political attention on first home buyers ramps up
If re-elected National will widen access to the Kāinga Ora First Home Loan scheme to buyers earning up to $300,000 combined, while New Zealand First is opting for a shared equity scheme.
NZFSG calls out banks for chasing advisers' clients
NZFSG is calling out banks for undercutting mortgage rates quoted by advisers, setting up a channel conflicts register as lenders fight harder for borrowers in a slowing market.
OCR Up: What the RBNZ said
The Monetary Policy Committee today reached consensus to increase the OCR to 25 basis points to 2.75%.
Whether to fix short or long term is the question
ANZ says with house prices likely to remain flat or edge slightly down in the near term, the decision facing mortgage advisers is whether clients take out the longer fixed rates or opt for a series of one-year back-to-back fixes.
How mortgage advice has changed: From the eyes of a veteran
After being in the mortgage game for nearly a decade, Mikey Smith, founder of Guardian Smith, says he has seen big transition in clients’ knowledge.
More stories
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Kiwibank lone voice calling for no OCR hike
Taking the OCR path of least resistance while Kiwibank begs for a halt on hikes
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Kiwibank says June half-year competition for home loans was particularly fierce
Kiwibank declined to compete as hard as some other players in terms of incentives offered in the June half year as the overall home loans market slowed, according to chief executive Steve Jurkovich.
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Increasing number of homes selling for a loss
As mortgage lending crashes to nearly zero amid a prolonged property market slump, the number of homes selling for a loss is steadily increasing hitting 13.1% – the highest since 2012.
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Potential damages a snag in oppostion to TSB Bank sale to Heartland
Taranaki residents unhappy with the plan to sell TSB Bank to Heartland are hoping to file an injunction to stop it next week but some are baulking at the possibility they may face damages if the legal challenge fails.
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Mortgage holders still riding lower interest rates
Borrowers paid $4.783 billion in interest on $397.4 billion in residential mortgages outstanding at the end of the June quarter this year, the latest Reserve Bank figures show.
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Pace of interest rate increases not clear cut
OCR increases are inevitable off the back of yesterday’s 4.1% inflation figure, but the pace of the hikes remains uncertain to a degree, Westpac says.
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Unilaterally changing mortgage arrears payment dates leads to trouble
When repaying debt, timing can be as important as the repayment amount as one borrower found out when served with a Property Law Act (PLA) notice.
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Why speed and flexibility matter more than ever for SME lending
Bizcap’s flexible product suite helps New Zealand partners solve more SME funding scenarios with speed, choice and confidence.
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Expansion of North Shore mortgage business
North Shore-based adviceHQ has bought the mortgage, insurance, and KiwiSaver business of long-time investment and wealth advisory firm Money Planners.
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Can the NZ economy grow while house prices stagnate?
The question of whether the New Zealand economy can grow much without a recovery in the housing market remains a live issue.
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OCR increase labelled a reduction in monetary stimulus
The Reserve Bank raised its official cash rate (OCR) to 2.5% from 2.25%, couching the move as “a reduction in monetary stimulus.”
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RBNZ pulls the trigger
The Reserve Bank has increased the OCR. Here's what it said.
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Fifth drop in amount households spend on interest
The amount households have to spend on interest payments has fallen for a fifth consecutive quarter, despite rising living costs.
