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
Share your views on property investing
It's that time of the year where we run the NZ Property Investor's survey of investor. Take part and be in to win.
House Prices
Values pick up the pace
There’s a more upbeat feel to the property market and it’s obvious in this month’s QV data which has values firmly on the rise.
Commercial
Commercial disrupter proves popular
New commercial property disrupter, Jasper, has hit the ground running with their first investment offering achieving full subscription in just 36 hours.
Mortgages
LVRs kept on hold
The Reserve Bank has kept its LVR speed limits on hold amid fears low interest rates "could lead to a resurgence in higher-risk lending".
