SBS operating surplus jumps, targets reverse mortgage growth
The SBS Group reported an operating surplus of $55.2 million for the year ending March 2021, up from $21.3 million in the previous 12 months.
HSBC fixed rates creep up
HSBC has raised its 12 month and 18 month home loans above the 2% threshold as mortgage rates begin to edge up from record lows.
Avanti slashes near-prime mortgage rate
Avanti has reduced its near-prime mortgage rate to under 4%, as non-bank lenders offer increasingly competitive loans.
Harmoney floats
Lender and former P2P specialist Harmoney has joined the stock market in Australia and New Zealand.
Pepper makes trail pledge
Pepper Money will keep paying trail to advisers with Covid-19 affected clients until the end of next year.
Financial Markets Authority takes ANZ to court
The Financial Markets Authority has filed court proceedings against ANZ New Zealand over issues with credit card repayment insurance policies.
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.
More stories
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SBS operating surplus jumps, targets reverse mortgage growth
The SBS Group reported an operating surplus of $55.2 million for the year ending March 2021, up from $21.3 million in the previous 12 months.
-
HSBC fixed rates creep up
HSBC has raised its 12 month and 18 month home loans above the 2% threshold as mortgage rates begin to edge up from record lows.
-
Avanti slashes near-prime mortgage rate
Avanti has reduced its near-prime mortgage rate to under 4%, as non-bank lenders offer increasingly competitive loans.
-
Harmoney floats
Lender and former P2P specialist Harmoney has joined the stock market in Australia and New Zealand.
-
Pepper makes trail pledge
Pepper Money will keep paying trail to advisers with Covid-19 affected clients until the end of next year.
-
Financial Markets Authority takes ANZ to court
The Financial Markets Authority has filed court proceedings against ANZ New Zealand over issues with credit card repayment insurance policies.
-
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.
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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.
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ANZ capital failings highlighted
ANZ New Zealand failed to control internal processes concerning its capital modelling systems, according to new report.
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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%
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ASB matches 3.05% rate
ASB is the latest bank to slash fixed rates, matching ANZ's one year price of 3.05%.
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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.
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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.
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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.
