Saving borrowers money
With a $500 million capital injection, Kiwibank says it can save New Zealanders $1.5 billion by having more aggressive pricing, better terms and better turnaround.
Interest rates with a four in front not far away – Squirrel
Mortgage interest rates should fall back and settle somewhere between 4.5% and 5% next year.
DTIs will start affecting borrowers by the middle of next year
Debt-to-income (DTI) rules are not far off playing a bigger part in the mortgage market.
Lower mortgage rates not a one way street
ASB has warned mortgage borrowers, interest rate markets are volatile and can change quickly and being aware of the risks is an important part of choosing a mortgage strategy.
Advice Link gears up for growth
Advice Link has appointed an experienced general manager to spearhead growth in the adviser sector.
Mortgage borrowers better off by $9,000 on average
OCR cuts have had a big effect for new mortgage borrowers.
More stories
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Competition is real - ANZ
ANZ says it is building a nimble and agile banking system to stay relevant when innovative financial technology companies are popping up to provide stiff competition in niche areas.
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Meaningful difference seen as coming from Kiwibank’s capital raise
Starting with institutional investment and an eventual IPO is an excellent start for turning Kiwibank into a meaningful disruptor, David Cunningham Squirrel Mortgages chief executive says.
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Govt greenlights Kiwibank raising $500m ahead of eventual float
The government has given Kiwibank's parent, Kiwi Group Capital, and the Treasury the green light to raise up to $500 million from institutions including KiwiSaver funds ahead of an eventual public float. Once the capital is raised it could allow Kiwibank to lend up to an extra $10 billion to home buyers or $4 billion to businesses.
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ANZ gets new CEO
ANZ Group has announced its long-serving chief executive, Shayne Elliott, will retire and be replaced by international banking executive Nuno Matos.
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Huge pile of mortgage money on short terms as borrowers wait for interest rate drops
While mortgage lending grows most borrowers are shying away from long term fixed rates as the Reserve Bank indicates it has more OCR cutting to do.
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SMEs gearing up for silly season
As New Zealanders prepare for a quintessential Kiwi summer, SMEs will be gearing up for what they hope will be a busy holiday period.
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Loan Market launches mental health initiative
Loan Market has launched its Best Interest Mates Community to support advisers and raise awareness of mental health issues.
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Bank of mum and dad alive and well
Nearly one in three parents of children wanting to buy their first home can afford to help them with their mortgages.
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New quiver from Arrow Finance
Luke Jackson's new gig aims to dominate the short term lending market.
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Danger OCR might need to be hiked in 2026
Potential mortgage borrowers might need to get their new homes of investment properties in the next year as Westpac says there is a risk the RBNZ might cut the OCR too far and start raising rates again in 2026.
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Hard times not easing much for mortgage borrowers
Mortgage arrears have risen for the third consecutive month and are higher than last year's levels, according to figures from the credit bureau Centrix.
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Lending growth on a steady path upwards
Mortgage borrowers rolling off a fixed term interest rate in the next few weeks are expected to join the rush to a six month floating rate even though the next OCR drop isn’t expected until the middle of February.
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Expectations banks will improve processing times within weeks
Leading mortgage aggregator NZFSG’s chief executive Baden Martin isn’t convinced advisers need to make a complaint to the FMA about banks’ persistently slow home loan processing times.
