Payment holidays won't affect credit scores
Banks have quashed speculation that payment holidays will affect customers' credit scores and their ability to borrow in the future.
Bank margins under pressure: KPMG
Bank margins are under pressure amid record low interest rates and lenders may not be able to cut mortgage rates much further, according to a new report from KPMG.
Mentoring role for NZFSG's Patten
NZFSG's head of growth Bruce Patten has taken on a mentoring role for Loan Market's top-performing advisers in Australia and New Zealand.
Banks launch SME support loans
With the backing of government guarantees, New Zealand banks have launched support loans for small and medium-sized businesses affected by covid-19.
Housing market: the positives
The New Zealand housing market is poised for its biggest downturn since the GFC, but economist Tony Alexander believes there are reasons to be positive.
Housing market: the negatives
The unprecedented covid-19 outbreak has many economists predicting a short, sharp downturn in the housing market. Tony Alexander weighs up the negatives for homeowners in a post-coronavirus environment.
Banks roll out mortgage holidays
Major lenders have launched mortgage holidays for borrowers affected by the Covid-19 outbreak, using online application forms to process customer requests.
More stories
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NZFSG cans awards
The country's largest dealer group, NZ Financial Services Group, has canned its awards as it doesn't want the wrath of the regulator.
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Advisers deal with client turmoil
Advisers say clients are asking for debt consolidation, moves to interest-only lending, and mortgage holidays, as the Covid-19 financial crisis takes hold.
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HSBC launches sub 3% bank rate
HSBC has slashed mortgage rates below 3%, launching a new 18 month and one year loan rate at 2.95%.
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NZFSG rolls out its FAP
NZ Financial Services Group is inviting all its members to join its FAP and has released pricing to the market.
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Six-month mortgage holiday for borrowers
Borrowers affected by the coronavirus crisis will be offered a six-month mortgage holiday under new proposals drawn up by the Government.
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Advisers head into uncharted territory
Mortgage advisers are changing their business models amid the coronavirus outbreak, and diversifying ahead of a downturn in the housing market.
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Westpac latest to cut fixed rates
Westpac is the fourth bank to cut fixed rates after last week's official cash rate cut, dropping its one year term to 3.09%.
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BNZ enters price war with 3.05% fixed mortgage
BNZ has launched a 3.05% 18 month fixed mortgage, the joint-cheapest ever offered by a major bank.
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Housing market: 6 factors to consider
It looks as though New Zealand is headed towards an unexpected recession. While house prices are expected to drop in the near term, economist Tony Alexander points out six factors to think about in the current market.
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Kiwibank cuts one year fixed rate
Kiwibank is the second bank to slash fixed rates after the Reserve Bank's OCR cut, dropping its one year to 3.09%.
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ANZ launches record-low major bank rate
ANZ has slashed its fixed rate mortgages, launching the lowest ever one year rate offered by a major bank.
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House prices to fall for six months: ASB
Property prices will fall for the next six months, with house price inflation slowing to 0% by next March, according to ASB economists.
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Banks weigh up fixed rate cuts
Most borrowers are yet to benefit from the Reserve Bank's OCR cut, but banks say they are weighing up cuts to fixed rate mortgages.
