High LVR investor lending up 134%
Investors have taken advantage of relaxed loan to value ratio restrictions to borrow 134% more on high LVR terms, analysis from ASB reveals.
LVR limits could return: RBNZ
Reserve Bank governor Adrian Orr is monitoring the buoyant housing market and may reimpose LVR restrictions.
2.25% one year rate from the Co-op
The Co-operative Bank has launched a 2.25% one year home loan for first home buyers, one of the cheapest ever offered in New Zealand.
Negative official cash rate still needed: Westpac
Despite fears of an overheated housing market, Westpac economists believe the Reserve Bank will still need to lower the official cash rate next year.
High LVR lending: what does the data say?
While mortgage advisers say they have found it difficult to get high LVR loans for their clients, Reserve Bank data indicate there has been an increase in high LVR lending since May.
LVR limits will return for investors: Alexander
The odds of LVR restrictions returning for investors next year are "fairly high" due to the strength of the residential property market, according to economist Tony Alexander.
Tough conditions for self-employed borrowers
Advisers say that the self-employed are bearing the brunt of tight lending conditions, with banks concerned about the long-term impact of Covid-19.
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What do clients think of mortgage advisers?
The Financial Advice New Zealand Trust in Advice survey 2020 offers a snapshot of consumers' views of the mortgage advice industry. How did advisers fare?
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Q&A: Why Heartland launched a sub-2% rate
Heartland has launched New Zealand's lowest ever mortgage rate. Here's why the group is taking on the big banks.
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Heartland launches market-leading 1.99% mortgage
Heartland has relaunched its direct-to-consumer mortgage with a record-low one year rate of 1.99%.
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Concerns over NZFSG-Kepa deal
Advisers have expressed concerns that a combined NZFSG-Kepa group would exert too much control over the New Zealand adviser market.
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Four ways low rates have boosted the market
Independent economist Tony Alexander says there are four ways that low interest rates can explain the "current and coming market strength".
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Are banks treating high LVR customers any differently?
While loan-to-value ratio restrictions were scrapped months ago, advisers say lenders have been slow to change their approach to high LVR borrowers.
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Small business loan boost
Non-bank SME lender Prospa is offering small businesses some breathing space as they recover from the Covid-19 lockdown.
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Frustration over home loan processing
Mortgage advisers say their turnaround times continue to be much slower than direct home loan applications, leading to frustration across the industry.
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NZFSG merges with Kepa
NZFSG has taken over rival group Kepa, as adviser businesses consolidate ahead of the new regulatory regime.
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Non-bank lending soars
Non-banks report record growth in New Zealand as retail banks maintain tight credit restrictions in the economic downturn.
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Growing calls to overhaul Responsible Lending Code
A growing chorus of mortgage advisers want New Zealand to follow Australia's lead and scrap responsible lending laws.
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Advisers hopeful about Aussie lending changes
Kiwi mortgage advisers are hopeful that Australia's move to scrap responsible lending rules will lead to changes here.
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Australia scraps responsible lending laws
The Australian government has axed responsible lending laws in "the most significant reforms to Australia's credit framework in a decade".
