New unsecured loan offer as BNZ chases SME market
BNZ is offering small businesses unsecured loans of up to $50,000 on digital only applications through its new Merchant Flexi Loan.
Business funding landscape change
Kiwibank is stepping out of its comfort zone and starting a new lending programme for start-ups.
Advisers’ fraudulent activity to be rooted out by FMA
Advisers selling mortgages and insurance through misleading or fraudulent activities are coming under the beady eye of the Financial Markets Authority (FMA).
Never a better time in four years for first home buyers
Falling interest rates and house prices leading to better mortgage affordability is drawing first home buyers into the market in increasing numbers.
NZ mortgage payments to drop by $3b in the next year: Macquarie
About 70% of mortgages will reprice in the next 12 months and that is going to mean New Zealand’s collective mortgage payments will fall by about $3 billion, according to analysis by Macquarie Research.
Advisers well positioned to fill SME lending gap left by banks
Small businesses struggling to access capital as bank lending slows.
Calls for hold on OCR strengthen as GDP comes in higher than expected
Economists expect the OCR to be kept on hold at its meeting next month as GDP came in at 0.8% for the first quarter of the year – higher than most forecasters had predicted.
More stories
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NZFSG teams up with Cotality
NZFSG and Cotality (formerly Core Logic) partner to empower mortgage advisers with industry-leading property data and insights.
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Rising inflation adding to RBNZ’s headache
Inflation is expected to break through the RBNZ’s top line of 3% in the next quarter, intensifying its headache.
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Professional mortgage advice central as wave of fintechs expected
Fintechs offering cheap mortgages without advice to borrowers won’t make mortgage advisers redundant.
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Townhouse values hit and miss as buyers prefer stand-alone houses
Easing mortgage rates mean more affordable stand-alone houses are appealing to home buyers again.
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Growth here, there, not quite everywhere
Westpac has upgraded its GDP growth expectations from 0.4% to 0.7% meaning a strong case for the RBNZ to leave the OCR unchanged at its July review.
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‘Excessive’ security agreements by banks need investigating – lobby group
Banks’ general security agreements could come under scrutiny from the Commerce Commission.
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KiwiSaver scheme funding new cheap floating rate start up
A new fintech is offering residential floating mortgages funded by KiwiSaver scheme Generate at rates well below the major banks.
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Kiwibank lent more on mortgages in year ended March than Westpac
Kiwibank lent more on mortgages in the year ended March than Westpac did while ANZ Bank New Zealand continues to lose market share.
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Call for expected next OCR cut to be delayed
While lower mortgage interest rates are allowing more first home buyers to get into the market, ASB says there is a case for holding a predicted further interest rate cut in July.
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Longer term mortgages edging up
The move to longer term fixed mortgages is gathering speed although a substantial share is still on floating or short-term rates as the RBNZ has indicated two more possible OCR cuts to 2.75%.
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NZFSG upgrades its CRM
NZ Financial Services Group has launched a new workflow tool, Deal Board, in its CRM that gives mortgage advisers a clear, customisable, real-time view of their loan pipelines — streamlining processes, cutting admin time, and helping businesses stay one step ahead.
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Mortgage arrears falling but hardships up
The number of home owners with their mortgages in arrears is dropping.
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First home buyers getting more bang for their buck
In a market where available house sale listings are abundant and buyers hold most of the pricing power, first home buyers (FHBs) are ascendent.
Most Read
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1 Professional mortgage advice central as wave of fintechs expected
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2 Townhouse values hit and miss as buyers prefer stand-alone houses
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3 Rising inflation adding to RBNZ’s headache
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4 Advisers well positioned to fill SME lending gap left by banks
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5 Advisers’ fraudulent activity to be rooted out by FMA
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