Mortgages

Broker concerns referred to FMA

Concerns over the activities of brokers at Brilliant Finance Ltd have led Mortgage Express to cut their ties with them and go to the Financial Markets Authority (FMA).

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Interest-only loans come under the spotlight

Australia’s interest-only loan crackdown could lead to a tightening up on the rules in New Zealand.

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Market slowdown different this time

Interest rate movements mean that this time round the post-LVR cooling of the property market is different, ANZ economists say. More...

OCR decision: 'Nothing to see here'

Interest rates look set to remain low for some time following a Reserve Bank OCR announcement this morning which was as expected and determinedly neutral, according to economists. More...

Auckland affordability a credit negative - Moodys

Poor housing affordability in Auckland is a credit negative for New Zealand covered bonds backed by mortgages in the city, according to a global ratings service.

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DTIs should be in RBNZ toolkit - IMF

Debt-to-income ratios (DTIs) and the redirection of tax incentives away from housing would help tackle the risks posed by New Zealand’s housing market, the IMF says.

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Don’t take no for an answer

There is no doubt the lending environment has changed for investors but that doesn’t mean they should give up on trying to get finance to build their portfolio. More...

Decline in investor lending continues

Ongoing downward trend in investor lending is exposed by the Reserve Bank’s latest mortgage lending data, which highlights the housing market’s slowdown.

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OCR hike expectations premature

Markets have got ahead of themselves in OCR hike expectations – and the Reserve Bank’s OCR announcement this morning makes that clear, the experts say. More...

What the RB governor said

Here is what Reserve Bank governor Graeme Wheeler had to say about interest rates today. More...

No more lending restrictions needed

The slower housing market means the latest LVRs are working and no more restrictions are needed, according to one real estate head. More...

DTIs not on the cards yet - RBNZ

The Reserve Bank might want debt-to-income ratios (DTIs) as part of its arsenal but it doesn’t intend to introduce them into the regulatory mix at this stage. More...

Lending times they are a’ changing

New Zealand’s lending environment has changed and investors need to approach it differently, ANZ’s head of mortgages has warned. More...

Navigating the new LVRs

Are you concerned about the impact of the Reserve Bank’s new investor-targeted LVR rules on your investment journey? You are not alone. More...

New LVR rules kick in

Banks have had to cancel some preapprovals for investors, which were issued before the recent change to loan-to-value restrictions. More...

OCR call sticks to the script

Keeping the OCR on hold was the move expected of the Reserve Bank today, but economists say it means there will be another cut in November. More...

New LVR rules clarified

Greater clarification of the details surrounding new lending requirements has come today with the Reserve Bank’s confirmation of its latest investor-targeted LVRs. More...

Finding solutions to 60% LVRs

The Reserve Bank’s new investor-targeted LVR rules come into effect on 1 October, but there are solutions to the restrictions for investors willing to think laterally. More...

More cuts on the horizon

Lack of surprise greeted the Reserve Bank’s OCR cut today and economists say further cuts have now been clearly signposted. More...

Bridging finance not an LVR issue

Warning that a lack of clarity around bridging finance under the new LVRs could impact on owner-occupiers is not relevant for investors, a leading mortgage adviser says. More...

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