The requirement for a level 5 certificate under the new code of conduct for financial advisers presents an “exciting opportunity” for mortgage advisers to up-skill, says Financial Advice NZ CEO Katrina Shanks.
The Reserve Bank could loosen LVR restrictions by 5% at next month’s Financial Stability Report, while 10% cut is "possible", according to Kiwibank economists.
Non-bank lender Basecorp Finance has launched a new prime offering for mortgage borrowers, as alternative lenders continue to take market share from the big banks
Adviser group NZFSG has taken its vehicle and asset financing processing in-house as it aims to ramp up car loan volumes.
KiwiBuild’s price cap system will offer the greatest discount on big homes in Auckland and Queenstown, new research from CoreLogic suggests.
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The Official Cash Rate will stay at 1.75 percent for now, the Reserve Bank has confirmed. Governor Adrian Orr continued to state the next move could be "up or down".
August data from the Reserve Bank reveals property investors took a smaller share of overall lending, as first-time buyers also slowed slightly.
BNZ is rivalling ASB with a special offer for Kiwibuild home buyers, including 95 percent loans for the government-backed homes.
[UPDATED] Australian dealer group Astute Financial has taken a 50% stake in Mortgage Express.
New Zealand’s top economists predict the Reserve Bank will hold the Official Cash Rate next week, as the central keeps a close watch on GDP growth and inflation.
Introduction of a capital gains tax still looks likely but wealth taxes and land taxes are not on the cards, the Tax Working Group’s interim report reveals.
Lender Heartland says it will pursue its strategy of focusing on “best or only” products, as it reports an 11% increase in profit.
Mortgage advisers are predicted to continue to be an important source of business for Kiwi banks as they soar to new heights of profitability.
Economists at lender ANZ believe we could see a 50 to 100 basis point cut in the OCR if the country’s financial data disappoints.
Forget roboadvice, financial advice could be tipped on its head by the sector’s adoption of artificial intelligence technology, moving power from those with the assets to those with the data.
The Auckland housing market has started to stir with new REINZ data showing it saw its first year-on-year price increase for six months in August.
Whakatane-based non-bank lender Asset Finance has been acquired by British finance firm Blackstar Capital Group.
Peer-to-peer lender Southern Cross has seen its loan book grow by nearly 25% so far this year, as alternative lenders continue to take a bigger slice of the New Zealand market.
