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.

Warning on fee for service charges

Monday, January 25th 2021

Warning on fee for service charges

More clients are playing off mortgage advisers against their bank, leading to disputes over fee-for-service charges, says FSCL chief executive Susan Taylor. 

ASB, BNZ, Kiwibank slash rates

Friday, January 22nd 2021

ASB, BNZ, Kiwibank slash rates

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. 

Westpac drops negative OCR call

Thursday, January 21st 2021

Westpac drops negative OCR call

Westpac has dropped its prediction for a negative official cash rate due to the red-hot housing market. 

Mortgage price wars heat up

Wednesday, January 20th 2021

Mortgage price wars heat up

ANZ has followed Westpac in slashing its one year special rate to 2.29%, the joint lowest "big four" rate in the market. 

Market momentum tipped to continue

Wednesday, January 20th 2021

Market momentum tipped to continue

Economists predict that the red-hot housing market will continue in the near-term, with listings not growing fast enough to meet demand. 

Why we won't get negative rates

Tuesday, January 19th 2021

Why we won't get negative rates

ASB has become the latest bank to reverse its forecast for a negative official cash rate.

More Stories

Be clear on clawbacks

Be clear on clawbacks

Monday, January 18th 2021

Mortgage advisers must clearly disclose clawback agreements with clients, industry leaders say, as disputes on the topic continue to emerge. 

Lending predictions for 2021

Lending predictions for 2021

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.

ANZ predicts fewer OCR cuts

ANZ predicts fewer OCR cuts

Thursday, January 14th 2021

ANZ has revised its forecast for the official cash rate, predicting only one cut next year to 0.1%.

Little hope on turnaround times

Little hope on turnaround times

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. 

Record mortgage lending in November

Record mortgage lending in November

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.

Lowest-ever big bank rate from Westpac

Lowest-ever big bank rate from Westpac

Monday, January 11th 2021

Westpac has launched the lowest ever big four bank rate, unveiling a new one-year mortgage at 2.29%.

Access to capital is key to rebooting our small business economy

Access to capital is key to rebooting our small business economy

Tuesday, December 29th 2020

If 2020 has made one thing clear, it is that New Zealand’s economy depends on small business.

Is the housing market cooling off?

Is the housing market cooling off?

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.

Big banks say no to 40% investor deposits

Big banks say no to 40% investor deposits

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.

How will 40% deposit requirements affect the market?

How will 40% deposit requirements affect the market?

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. 

Bright outlook for non-banks

Bright outlook for non-banks

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. 

Advisers react to ANZ's LVR decision

Advisers react to ANZ's LVR decision

Tuesday, December 15th 2020

Advisers have responded to ANZ's move to raise deposit requirements for investors. Here's what the industry said: 

ANZ gets tough on investors

ANZ gets tough on investors

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.

Housing crisis a supply issue

Housing crisis a supply issue

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