Mortgage price war heats up with TSB

TSB has hit the market with an aggressive price offer, promising to match any one year home loan rate offered by an "Australian-owned" lender.  

Insurance report to hurt mortgage advisers: Newpark

The Financial Markets Authority and Reserve Bank's damning review of conduct and culture in the insurance industry will a "clear impact" on mortgage advisers as regulatory scrutiny heats up for advisers, says Newpark Home Loans boss Andrew Scott.

OCR could go up or down in 2021: RBNZ Governor

Inflation concerns have prompted the Reserve Bank of New Zealand to push back its forecast for an OCR change to 2021. Governor Adrian Orr reverted to a dovish tone, suggesting "continued supportive monetary policy", and said the next move could be "up or down".

First OCR decision of the year: Unchanged

The Official Cash rate is unchanged and isn't likely to move anytime soon. When it does it could go either way. Here's what RBNZ Governor Adrian Orr said today.

Australian PM defends advisers

Australian Prime Minister Scott Morrison has defended the mortgage advice industry, calling it a "pretty important service", as the country deals with the fallout from the Royal Commission.

Record profit for banks, but mortgage rates could rise: KPMG

New Zealand’s banks made a bumper $5.77 billion profit last year, but could be forced to push up mortgage rates because of the Reserve Bank’s capital adequacy proposals, says KPMG.

More stories
  • Westpac: OCR to hold until 2022

    Westpac has become the latest bank to change its OCR forecast. The lender believes there will be no movement in the official cash rate until 2022, with "risks on both sides".

  • OCR Preview: caution expected from the Reserve Bank

    Economists do not believe the OCR will change next week, but predict the Reserve Bank will take a cautious stance on future growth, with a number of headwinds for New Zealand and the global economy.

  • NZ advisers hit out at Royal Commission

    New Zealand mortgage advisers have expressed their disappointment at recommendations from Australia's Royal Commission, including bans on commission and a possible move to a fee-for-service model.

  • Australia to ban trail commission

    The Australian Treasury has moved to implement recommendations made in yesterday's Royal Commission report, including banning trail commission and the possibility of a fee-for-service model for mortgage advisers.

  • Royal Commission calls for adviser remuneration overhaul

    The final report from Australia's Royal Commission has called for a sweeping overhaul of mortgage adviser pay, including banning commission from lenders and making customers pay a fee for service.

  • First Mortgage Trust confirms Capital Group deal

    Non-bank lender First Mortgage Trust has confirmed its management company has been taken over by the private equity firm Capital Group. The announcement comes after TMM Online revealed the deal on Friday.

  • Non-bank mortgage lending soars in 2018

    Non-bank mortgage lending volumes jumped by more than $500 million last year, according to newly-released data, which underlines the growing prominence of alternative lenders.

  • Interest-only lending contained: CoreLogic

    Interest-only lending accounted for just 30% of mortgage lending in December, significantly down on historical lows, as banks keep a lid on "risky" lending. 

  • Investors struggle as first home buyers catch up

    Investor borrowing slumped to its lowest level since January 2018 in the final month of last year, according to new figures from the Reserve Bank. First home buyers, meanwhile, continue their resurgence in the market, nearly surpassing investors.

  • Kiwibank brings two year rate below 4%

    Kiwibank has slashed its two year fixed rate to 3.99% as New Zealand's lenders fight for a small pool of prime mortgage borrowers.

  • Westpac back below 4%

    Westpac has slashed its one year special rate to under 4%, prompting the possibility of another mortgage price war in 2019.