Asteron to enter mortgage market
Monday 26 January 2004
Asteron, formerly Royal & SunAlliance Financial Services and a subsidiary of listed insurance company Promina, is planning to enter the mortgage lending market early in the second quarter of this year.
By The Landlord
Sales and marketing manager Tony Boucher says his company is looking to "white label" someone else’s offering, contracting another organisation to provide the loan products under the Asteron brand."It’s an exciting opportunity from our point of view. Let’s face it, there’s been an enormous growth in debt in New Zealand" rather than growth in savings products.
Read More - Opens in a new window
Commenting is closed
Property News
Return to market form
There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
House Prices
No stopping Capital price rises
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Commercial
NZ proptech start-up scores major investor
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
Mortgages
LVR limits slow down investors
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.
