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Solution could be in the wings

After a “constructive meeting” with new Commerce and Consumers Affairs Minister Scott Simpson, FAMNZ country manager Leigh Hodgetts says he seems to understand the Commerce Commission’s insistence on mortgage advisers presenting three completed offers to borrowers will create chaos.


RBNZ does a u-turn on bank capital requirements

The Reserve Bank has bowed to pressure from the Commerce Commission, the banks and submitters to parliament’s banking inquiry and will conduct a review of its bank capital requirements.

Interest rates expected to plateau soon

A switch has been flipped for mortgage borrowers with the two-year 4.99% interest rate the main banks are now offering.

Why was Westpac slow in passing on OCR cut?

Westpac gave an apparently contradictory answer as to why it was so slow to pass on the Reserve Bank’s interest rate cut last month to parliament’s finance and expenditure committee’s banking inquiry.

Mortgage borrowers switching to new lenders continues at a steady pace

Switching to a new loan provider is still proving popular for mortgage borrowers.

Aggregators putting the pressure on - NZFSG

The country’s biggest adviser network NZFSG says banks are acutely aware of pain points for advisers.

Aggregators should be pushing back on banks

Mortgage advisers have a lot more power than they realise when it comes to banks pushing out mortgage application times.

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