Monday, January 25th 2021
Call to risk-weight investor loans
Banks should be forced to risk-weight investor mortgages and loans on interest-only terms, according to economists from Kiwibank.
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Monday, January 25th 2021
Banks should be forced to risk-weight investor mortgages and loans on interest-only terms, according to economists from Kiwibank.
Monday, January 25th 2021
More clients are playing off mortgage advisers against their bank, leading to disputes over fee-for-service charges, says FSCL chief executive Susan Taylor.
Friday, January 22nd 2021
ASB and BNZ have joined their big four rivals in slashing their one year special rates to 2.29%, while Kiwibank has also made cuts, as downward pressure continues in the home loan market.
Thursday, January 21st 2021
Westpac has dropped its prediction for a negative official cash rate due to the red-hot housing market.
Wednesday, January 20th 2021
ANZ has followed Westpac in slashing its one year special rate to 2.29%, the joint lowest "big four" rate in the market.
Wednesday, January 20th 2021
Economists predict that the red-hot housing market will continue in the near-term, with listings not growing fast enough to meet demand.
Tuesday, January 19th 2021
ASB has become the latest bank to reverse its forecast for a negative official cash rate.
Monday, January 18th 2021
Mortgage advisers must clearly disclose clawback agreements with clients, industry leaders say, as disputes on the topic continue to emerge.
Friday, January 15th 2021
Interest rates will remain at historic lows for the next two years and banks will become more receptive to new customers this year, predicts economist Tony Alexander.
Thursday, January 14th 2021
ANZ has revised its forecast for the official cash rate, predicting only one cut next year to 0.1%.
Wednesday, January 13th 2021
Mortgage advisers predict there will be little progress made on turnaround times this year, as processing times continue to deteriorate across the industry.
Tuesday, January 12th 2021
Mortgage lending jumped to $9.2 billion in November – $1.5 billion more than the previous record monthly total – according to new Reserve Bank data.
Monday, January 11th 2021
Westpac has launched the lowest ever big four bank rate, unveiling a new one-year mortgage at 2.29%.
Tuesday, December 29th 2020
If 2020 has made one thing clear, it is that New Zealand’s economy depends on small business.
Tuesday, December 22nd 2020
A new survey of mortgage advisers shows "solid evidence of things cooling off" in the housing market, with the impact of LVR changes and pressure on landlords ramping up.
Monday, December 21st 2020
The other three big banks will not follow ANZ in making investors raise a 40% deposit for a home loan, following the lender's controversial decision.
Friday, December 18th 2020
The 40% deposit requirements imposed by ANZ Bank – and possibly the RBNZ next year – are unlikely to slow the Auckland market to a halt, argues economist Tony Alexander.
Wednesday, December 16th 2020
Non-bank lenders are on course to grow market share in mortgage and business lending, according to KPMG head of banking John Kensington.
Tuesday, December 15th 2020
Advisers have responded to ANZ's move to raise deposit requirements for investors. Here's what the industry said:
Tuesday, December 15th 2020
ANZ New Zealand has lifted its deposit requirement for residential property investors to 40%, marking a major change in the lending market.
Monday, December 14th 2020
Economists at Kiwibank say DTIs and LVR restrictions will have a "near-term" impact on housing demand, but argue supply-side changes are the key to fixing the housing crisis.
Heartland Bank - Online | 1.99 |
Kainga Ora - First Home Buyer Special | 2.25 |
HSBC Premier | 2.25 |
Westpac Special | 2.29 |
TSB Special | 2.29 |
BNZ - Classic | 2.29 |
ASB Bank | 2.29 |
ANZ Special | 2.29 |
Kiwibank Special | 2.35 |
ICBC | 2.45 |
SBS Bank Special | 2.49 |
Heartland Bank - Online | 2.35 |
HSBC Premier | 2.35 |
ICBC | 2.45 |
TSB Special | 2.49 |
SBS Bank Special | 2.59 |
BNZ - Classic | 2.59 |
ASB Bank | 2.59 |
China Construction Bank Special | 2.65 |
Kiwibank Special | 2.65 |
The Co-operative Bank - Owner Occ | 2.69 |
AIA | 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 |
ICBC | 2.99 |
ASB Bank | 2.99 |
China Construction Bank Special | 2.99 |
BNZ - Classic | 2.99 |
TSB Special | 3.19 |
Kiwibank Special | 3.19 |
Heartland Bank - Online | 2.50 |
Resimac | 3.39 |
Kiwibank | 3.40 |
Kiwibank - Offset | 3.40 |
Kiwibank Special | 3.40 |
Bluestone | 3.49 |
Select Home Loans | 3.49 |
ICBC | 3.69 |
Heartland | 3.95 |
The Co-operative Bank - Owner Occ | 4.40 |
The Co-operative Bank - Standard | 4.40 |