Simplicity launches 2.5% floating rate

KiwiSaver provider Simplicity has launched a 2.5% floating rate mortgage for first home buyers, becoming the cheapest home loan in New Zealand.

New record low mortgage rate at 2.8%

China Construction Bank has slashed its one year mortgage rate to just 2.8%, becoming a new record low for the New Zealand market. 

ANZ capital failings highlighted

ANZ New Zealand failed to control internal processes concerning its capital modelling systems, according to new report.

TSB one-year falls to 3.09%

TSB is the latest bank to slash fixed rates after the Reserve Bank's emergency OCR cut last week, cutting its one year rate to 3.09%

ASB matches 3.05% rate

ASB is the latest bank to slash fixed rates, matching ANZ's one year price of 3.05%.

SBS and HSBC latest to cut floating rates

Two more banks have slashed fixed rates following the Reserve Bank's emergency Official Cash Rate on Monday. 

More stories
  • Simplicity launches 2.5% floating rate

    KiwiSaver provider Simplicity has launched a 2.5% floating rate mortgage for first home buyers, becoming the cheapest home loan in New Zealand.

  • New record low mortgage rate at 2.8%

    China Construction Bank has slashed its one year mortgage rate to just 2.8%, becoming a new record low for the New Zealand market. 

  • ANZ capital failings highlighted

    ANZ New Zealand failed to control internal processes concerning its capital modelling systems, according to new report.

  • TSB one-year falls to 3.09%

    TSB is the latest bank to slash fixed rates after the Reserve Bank's emergency OCR cut last week, cutting its one year rate to 3.09%

  • ASB matches 3.05% rate

    ASB is the latest bank to slash fixed rates, matching ANZ's one year price of 3.05%.

  • Resimac moves into asset finance

    Australian non-bank lender Resimac has moved into the asset finance sector with the acquisition of finance company IA Group.

  • Westpac given all-clear on capital

    Westpac New Zealand has retained its accreditation to use its own capital model after completing a "remediation process" enforced by the Reserve Bank.

  • LVR rules could be permanent: Bascand

    LVR restrictions on mortgage lending could be a "permanent setting", according to Reserve Bank deputy governor Geoff Bascand.

  • Key RBNZ changes edge closer

    The Reserve Bank has moved closer to putting its "dual-mandate" employment and price stability objectives into law, and has taken further steps to establish a Monetary Policy Committee to make key decisions.

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