Mortgage Lab and Kepa plan for new regime
The Mortgage Lab will be an authorised body underneath Kepa's financial advice provider licence under the new regulatory regime.
House price rally could reduce odds of OCR cut: Westpac
A pickup in the housing market could give the Reserve Bank "pause for thought" over further official cash rate cuts, according to Westpac economists.
Price wars continue with ANZ rate cuts
Borrowers are set to enjoy even lower mortgage rates after ANZ slashed its fixed rate options to new lows.
Lifetime puts all advisers into salaries
Adviser group Lifetime has changed its remuneration structure, moving advisers onto an annual salary following its merger with Camelot NZ last year.
Weak business confidence will lead to OCR cut
Weak business confidence numbers will increase the chances of another Official Cash Rate cut next month, say Westpac economists.
Servicing test changes limited
Banks have made adjustments to serviceability tests since the Official Cash Rate cut in August, but advisers doubt whether the changes will have a big impact on pass rates.
Advisers welcome new mortgage entrant
Advisers have welcomed Simplicity's entrance into the mortgage market, but doubt whether the 2.95% home loan product will have a major impact.
More stories
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ASB: OCR will fall to 0.5%
Weak business and consumer confidence will see the Reserve Bank slash the Official Cash Rate to 0.5% by February, according to economists at ASB Bank.
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Heartland hails reverse mortgage growth
New Zealand retirees are increasingly turning to reverse mortgage options, according to Heartland Bank, after the lender's New Zealand reverse mortgage book grew by 11.4%.
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Avanti latest to cut rates
Avanti is the latest non-bank to cut mortgage rates for borrowers, as prices continue to drop across the market.
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Simplicity declares war with 2.95% mortgage
Non-profit KiwiSaver provider Simplicity has declared war on the major banks by launching a 2.95% mortgage for first-home buyers.
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Ex-Mortgage Link team branches out
A former Mortgage Link team in Palmerston North has spun out to form their own business, joining NZFSG.
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Kiwibank predicts 0.5% OCR cut
Kiwibank economists believe the Reserve Bank will cut the Official Cash Rate to just 0.5%, with the possibility of a major cut in November.
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Resimac cuts rates and lowers servicing test
Non-bank lender Resimac has cut floating and fixed mortgage rates as well as easing its servicing test for borrowers.
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Experts support capital review: RBNZ
The Reserve Bank says independent international experts support its plan to introduce strict new capital rules for banks.
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Newpark hits out at regulatory confusion
Newpark Financial Services has hit out at the ongoing confusion around the new regulatory regime, and has warned the new environment could heap too much liability onto adviser groups.
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Tony Alexander resigns from BNZ
Veteran economist Tony Alexander has resigned from BNZ Bank after more than 26 years.
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MySolutions wants independence for advisers
MySolutions Group has decided not to transfer mortgage advisers' aggregation from The Mortgage Supply Company to Astute Financial following a disagreement over the new regulatory regime.
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OCR on hold: November cut expected
The Reserve Bank has kept the Official Cash Rate at the record low of 1%, but economists predict a cut in November.
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LVR speed limits slow down investors
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.
