BNZ targets investor market

BNZ has dropped investor home loan rates to the same level as owner-occupier rates, as competition for a resurgent investor market heats up.

Kiwibank-BNZ takeover talk grows

Kiwibank is lining up a multibillion dollar takeover of big four bank BNZ, according to reports.

Newpark sets up support team

Adviser group Newpark has set up a support and compliance team to help advisers transition to the new regulatory regime.

Banks criticised over low equity premiums

Banks have drawn criticism for charging high-LVR borrowers with "low equity premiums" and failing to notify them when they can switch to better rates.

CFML secures $100 million funding line from Westpac

Non-bank lender Conrad Funds Management plans to increase mortgage lending in 2020 with a new $100 million funding line from Westpac.

New home equity release player coming

The home equity release market is likely to get a new player this year. 

More stories
  • Newpark hits 150 adviser milestone

    A year on from its launch, more than 150 individual advisers are now part of adviser group Newpark Home Loans.

  • Small banks stall on licensing

    TSB and The Co-operative are among the lenders yet to decide how they will work with financial advice provider licence holders under the new regulatory regime.

  • Mortgage lending peaks in November

    Mortgage lending soared to its highest level since June 2016 last month, according to new data from the Reserve Bank.

  • Chances of OCR cut not high: Alexander

    The odds of a further OCR cut in 2020 are "not high", according to economist Tony Alexander, who believes borrowers should not put all of their focus on "chasing the lowest short-term rate".

  • Watson appointed ANZ New Zealand CEO

    Antonia Watson has been appointed the permanent chief executive of ANZ New Zealand, replacing David Hisco, who departed amid an expenses scandal in June.

  • Non-bank lending soars

    Non-banks ramped up lending by nearly 10% in the year to June as traditional lenders maintained tight controls, according to a new report from KPMG.

  • Economists revise OCR outlook

    Leading economists have revised their predictions for the official cash rate next year, predicting less action from the Reserve Bank in the next 12 months.

  • Home a-loan this Christmas

    Milford Asset Management portfolio manager Michael Higgins explains why mortgage brokers have become so dominant in Australia.