Tuesday, October 20th 2020

Negative OCR still needed - Westpac

Despite fears of an overheated housing market, Westpac economists believe the Reserve Bank will still need to lower the official cash rate next year.

LVR limits will return for investors

Friday, October 16th 2020

LVR limits will return for investors

The odds of LVR restrictions returning for investors next year are "fairly high" due to the strength of the residential property market, according to economist Tony Alexander.

What the Reserve Bank's latest move means for housing

Thursday, September 24th 2020

What the Reserve Bank's latest move means for housing

The Reserve Bank’s programme to lend directly to retail banks could be ready soon. If it is, that’s likely to mean lower interest rates on loans – and more support for the housing market.

Borrowing boom in July – before second lockdown

Wednesday, August 26th 2020

Borrowing boom in July – before second lockdown

Home lending soared to $6.5 billion in July during New Zealand's Covid-free period, reaching its highest level since November last year.

Mortgage deferral scheme extended to March

Monday, August 17th 2020

Mortgage deferral scheme extended to March

The Reserve Bank has confirmed the mortgage deferral scheme will be extended until March next year following the second Covid-19 prompted lockdown in Auckland.

Mortgage deferral programme to be extended

Wednesday, August 12th 2020

Mortgage deferral programme to be extended

Reserve Bank governor Adrian Orr says the mortgage deferral programme will be extended beyond September, as the Covid-19 pandemic regains a grip on New Zealand.

ANZ eases servicing test

Tuesday, August 04th 2020

ANZ eases servicing test

ANZ has become the latest bank to ease its servicing test criteria for borrowers, reflecting the lower interest rate environment.

More Stories

Mortgage holidays set for extension

Mortgage holidays set for extension

Wednesday, July 29th 2020

Minister of Finance Grant Robertson says the Reserve Bank could extend mortgage holidays for struggling borrowers.

Servicing tests hinder home loan market

Servicing tests hinder home loan market

Friday, July 17th 2020

Tough servicing tests continue to hinder the home loan market, leaving borrowers unable to tap into attractive headline interest rates.

Mortgage demand picked to decline

Mortgage demand picked to decline

Thursday, July 16th 2020

Banks are expecting a fall in demand for mortgage lending in the second half of 2020, according to a new Reserve Bank Credit Conditions Survey.

Advisers buoyed by strong property market

Advisers buoyed by strong property market

Monday, July 06th 2020

The New Zealand property market has emerged strongly out of lockdown, according to mortgage advisers, who say they are busy as ever this winter.

Mortgage borrowing rebounds in May

Mortgage borrowing rebounds in May

Thursday, June 25th 2020

New mortgage borrowing rose by roughly $1.6 billion in May as the property market showed signs of recovery from the Covid-19 lockdown.

New-to-bank lending freeze

New-to-bank lending freeze

Wednesday, June 17th 2020

Banks have stopped taking on new borrowers above 80% LVR, despite the end of loan-to-value ratio restrictions last month.

Bank LVR limits on hold

Bank LVR limits on hold

Thursday, June 04th 2020

Banks have not relaxed loan-to-value ratio limits for investors, despite the Reserve Bank's move to scrap LVR rules.

Mortgage lending slumps to record low in April

Mortgage lending slumps to record low in April

Tuesday, May 26th 2020

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

OCR reaction: Reserve Bank open to lower, negative rates

OCR reaction: Reserve Bank open to lower, negative rates

Wednesday, May 13th 2020

Economists say that the Reserve Bank has left the door open to lower or even negative rates, as it kept the official cash rate on hold in its Monetary Policy Statement (MPS) today.

Reserve Bank ends LVR restrictions

Reserve Bank ends LVR restrictions

Thursday, April 30th 2020

The Reserve Bank has decided to remove loan to value ratio restrictions for 12 months in response to the Covid-19 crisis.

Reserve Bank to scrap LVR restrictions

Reserve Bank to scrap LVR restrictions

Tuesday, April 21st 2020

[UPDATED] The Reserve Bank is set to remove loan-to-value ratio restrictions on mortgages in the wake of the Covid-19 outbreak.

Banks roll out mortgage holiday

Banks roll out mortgage holiday

Monday, March 30th 2020

Major lenders have launched mortgage holidays for borrowers affected by the Covid-19 outbreak, using online application forms to process customer requests.

New loan to boost energy-efficient housing

New loan to boost energy-efficient housing

Friday, March 13th 2020

There’s an ongoing push towards greener, healthier homes and now Westpac is joining the drive, with a new loan product for its home loan customers.

Will mortgage rates fall much further?

Will mortgage rates fall much further?

Monday, March 09th 2020

An official cash rate cut looks increasing likely amid the Covid-19 outbreak, but economists doubt mortgage rates will drop much further than current levels.

Heartland Bank - Online 1.99
Kainga Ora - First Home Buyer Special 2.25
HSBC Premier 2.45
ICBC 2.45
TSB Special 2.49
Westpac Special 2.49
Kiwibank Special 2.55
SBS Bank Special 2.55
The Co-operative Bank - Owner Occ 2.55
AIA 2.55
ASB Bank 2.55
Heartland Bank - Online 2.35
SBS Bank Special 2.49
HSBC Premier 2.60
ICBC 2.65
China Construction Bank Special 2.65
TSB Special 2.65
The Co-operative Bank - Owner Occ 2.69
AIA 2.69
Westpac Special 2.69
ANZ Special 2.69
ASB Bank 2.69
HSBC Premier 2.89
SBS Bank Special 2.99
The Co-operative Bank - Owner Occ 2.99
AIA 2.99
Westpac Special 2.99
BNZ - Classic 2.99
ICBC 2.99
ASB Bank 2.99
China Construction Bank Special 2.99
Kiwibank Special 3.19
TSB Special 3.19
Heartland Bank - Online 2.95
Resimac 3.39
Kiwibank - Offset 3.40
Kiwibank 3.40
Kiwibank Special 3.40
Bluestone 3.49
ICBC 3.69
Heartland 3.95
The Co-operative Bank - Owner Occ 4.40
The Co-operative Bank - Standard 4.40
Kainga Ora 4.43