Fast turn around times and reliabily win over advisers
Two challenger banks from each side of the Tasman say that fast turn-around times and reliability are key factors in doing business with mortgage advisers.
Two challenger banks from each side of the Tasman say that fast turn-around times and reliability are key factors in doing business with mortgage advisers.
The Reserve Bank is walking a fine line between kick-starting the economy’s recovery and overstimulating growth by the end of next year.
Former Finance Minster Bill English says the days of guaranteed capital gains in the housing market are over,
One interesting point the RBNZ brought up when it cut the OCR by 0.50% last week is that long-term interest rates haven’t fallen much, even as short-term interest rates have, says ASB in an economic note.
Westpac is axing trail commissions on home loans from June next year.
The RBNZ should have eased LVR restrictions months ago, says one seasoned adviser who has worked on both sides of the fence.
The Reserve Bank intends to ease mortgage loan-to-value ratio (LVR) restrictions from December 1.
A quarter of all new home loans went to first home buyers in the first half of this year, data from the New Zealand Banking Association’s retail insights show.
The problem getting in the way of first home buyers is not financial, it is psychological, an experienced mortgage adviser says.
The latest data from the RBNZ’s series new lending fully secured by residential mortgages, shows home owners are far from set on longer mortgage terms, although the interest rates are below 5%.
While the RBNZ yesterday delivered on what the economy and Kiwis desperately needed, some economists don’t think the OCR cuts are at an end.
The Reserve Bank has decided the economy needs more help than it had previously forecast by cutting its official cash rate (OCR) by 50 basis points to 2.5%.
The Reserve Bank has cut the OCR 50 points to 2.5%.
Westpac’s negotiations with New Zealand mortgage aggregators about ditching trail payments comes just seven months after it partnered with fintech Dosh to offer home loans without financial advice and a loyalty cashback reward.
The RBNZ is forming a new financial policy committee that will make decisions on debt-to-income (DTIs) and loan to value ratios (LVRs) for lending.
ASB will pay $135,625,000 to settle a class action against the bank for alleged breaches of the Credit Contracts and Consumer Finance Act (CCCFA), without admitting liability.
Mortgages to property investors are back at pre-pandemic levels, Westpac says in its latest housing update.
NZHL General Manager, Franchise & Distribution, Paul Barnes, looks at the future of mortgage advice.
Westpac is proposing to alter the way it remunerates mortgage advisers who originate its mortgages and remove trail commissions.
A cut from the RBNZ next week is all but a done deal. The only question is how much it will be – 0.50% or 0.25%?