Tuesday, September 02nd 2025

Banks' new comparison calculator no threat to advisers: Patten

Mortgage advisers have nothing to fear from the new home loan comparison calculator that the New Zealand Banking Association (NZBA) has just launched, according to leading adviser Bruce Patten of Loan Market.

Mortgage defaults improve while lending rises

Tuesday, September 02nd 2025

Mortgage defaults improve while lending rises

Non-performing housing loans plunged by $55 million in July just as new mortgage lending was 24.4% higher in the quarter than a year ago.

DepositSmart launches deposit bonds offering to property purchasers

Monday, September 01st 2025

DepositSmart launches deposit bonds offering to property purchasers

A couple of mortgage industry stalwarts are back in the market with an offering of deposit bonds for those who want to buy a residential property, but who for various reasons either can’t get finance from their banks or wish to avoid the obligations such access requires.

Banks tardy on making changes to clawback policies

Monday, September 01st 2025

Banks tardy on making changes to clawback policies

Only one of the major banks appears to have made changes to its clawback policy despite it being one of the 14 recommendations in last year’s Commerce Commission’s report into retail banking competition the Government is implementing.

Newpark aggregation group sold

Friday, August 29th 2025

Newpark aggregation group sold

Newpark, which was acquired by SHARE in a surprise move a number of years ago, has been sold again.

Predicted zero growth in house prices good for first home buyers

Friday, August 29th 2025

Predicted zero growth in house prices good for first home buyers

Housing affordability is at its best since 2019 and with ANZ predicting no growth in prices for the rest of the year it could improve further for first home buyers.

Switching lenders reaches record

Thursday, August 28th 2025

Switching lenders reaches record

A new high of $2.6 billion in mortgage money changed lenders last month.

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Kiwi, BNZ and ASB gained mortgage market share in June qtr

Kiwi, BNZ and ASB gained mortgage market share in June qtr

Wednesday, August 27th 2025

Kiwibank continued to gain market share of mortgages in the June quarter, along with BNZ and ASB, while both ANZ and Westpac lost market share.

Quick strategies needed for banking competition

Quick strategies needed for banking competition

Wednesday, August 27th 2025

Recommendations in the recently released Finance & Expenditure Select Committee inquiry into banking competition are on the right track to encourage competition, Squirrel Mortgages says.

Ongoing education as part of mandatory professional membership a priority - FAMNZ

Ongoing education as part of mandatory professional membership a priority - FAMNZ

Tuesday, August 26th 2025

A new country manager for the Finance and Mortgage Advisers Association of New Zealand (FAMNZ) is expected to be appointed in the next fortnight.

Market share high for first home buyers

Market share high for first home buyers

Monday, August 25th 2025

First home buyers’ share of the housing market is hovering at its highest in 20 years – making them the dominant buying force all year.

Westpac to cough up for alleged CCCFA breaches

Westpac to cough up for alleged CCCFA breaches

Monday, August 25th 2025

Failure to give customers legally required information about their loans and, in some cases, agreed interest rate discounts had landed Westpac in hot water.

Year of the refix

Year of the refix

Friday, August 22nd 2025

Average house prices around New Zealand have fallen for five months in a row now despite mortgage interest rates falling over 2% from this time a year ago.

Heartland expects 18% reverse mortgage growth in NZ

Heartland expects 18% reverse mortgage growth in NZ

Friday, August 22nd 2025

Heartland Group grew its reverse mortgage business in New Zealand by 15.5% with growth in total net lending slowed by higher repayments while the Australian business grew 18.5%.

Kiwibank's mortgage lending accelerated in the 2nd half

Kiwibank's mortgage lending accelerated in the 2nd half

Friday, August 22nd 2025

Kiwibank stepped up lending on mortgages in its second half, taking growth for the full year to almost double its market share.

Overseas expansion and name change

Overseas expansion and name change

Thursday, August 21st 2025

Well-known Auckland mortgage adviser Jeff Royle has expanded his business to Australia and the UK and is changing its name.

Re-fixing holdouts may have had the right strategy as RBNZ turns dovish

Re-fixing holdouts may have had the right strategy as RBNZ turns dovish

Thursday, August 21st 2025

Mortgage holders who have been hanging out on short-term fixed rates, hoping that longer-term rates still had further to fall, may be proven to have had the right strategy.

RBNZ cuts OCR to 3%, sees it bottoming at 2.5% in the March 2026 qtr

RBNZ cuts OCR to 3%, sees it bottoming at 2.5% in the March 2026 qtr

Wednesday, August 20th 2025

The Reserve Bank is expecting higher inflation and unemployment and lower economic growth and is also expecting to cut its official cash rate (OCR) twice more to bottom out at 2.5%.

[BREAKING NEWS] OCR cut to 3%, down 25 basis points

[BREAKING NEWS] OCR cut to 3%, down 25 basis points

Wednesday, August 20th 2025

OCR reduced to 3 percent, with the Reserve Bank leaving the door open for more cuts if inflation keeps falling.

Borrowers need relief

Borrowers need relief

Tuesday, August 19th 2025

Home loan affordability need another boost with an OCR cut tomorrow, FAMNZ says.

OCR needs a deeper drop to get economy going

OCR needs a deeper drop to get economy going

Monday, August 18th 2025

This week’s expected OCR by the RBNZ and a signal it will make another is not going to be nowhere enough to dig the economy out of its hole.

Unity First Home Buyer special 3.99
SBS FirstHome Combo 3.99
Co-operative Bank - First Home Special 4.69
ICBC 4.69
ANZ Special 4.75
Kiwibank Special 4.75
ASB Bank 4.75
TSB Special 4.75
Westpac Special 4.75
AIA - Go Home Loans 4.75
BNZ - Std 4.79
TSB Special 4.75
ANZ Special 4.75
ASB Bank 4.75
Westpac Special 4.75
AIA - Go Home Loans 4.75
Kiwibank Special 4.79
ICBC 4.89
Unity Special 4.89
Co-operative Bank - Owner Occ 4.89
BNZ - Std 4.89
SBS Bank Special 4.89
SBS Bank Special 5.39
Westpac Special 5.39
ICBC 5.39
Co-operative Bank - Owner Occ 5.49
AIA - Go Home Loans 5.49
ASB Bank 5.49
TSB Special 5.49
BNZ - Classic 5.59
Kiwibank Special 5.59
BNZ - Std 5.59
ANZ 5.59
SBS Construction lending for FHB 3.74
AIA - Back My Build 4.44
CFML 321 Loans 4.75
Co-operative Bank - Owner Occ 5.70
Co-operative Bank - Standard 5.70
Heartland Bank - Online 5.75
ICBC 6.09
Kiwibank - Offset 6.15
Kiwibank 6.15
ASB Bank 6.29
SBS Bank 6.29