Wednesday, April 24th 2024

CCCFA changes not a complete panacea

Unwinding the impact of all the 2021 CCCFA changes probably won’t happen, says David Cunningham, Squirrel Mortgage chief executive.

Move to short term but higher rates

Tuesday, April 23rd 2024

Move to short term but higher rates

Short term fixed rate loans surged in the first few months of the year.

New aggregator for Vega

Monday, April 22nd 2024

New aggregator for Vega

Vega Mortgages is joining forces with the nation’s newest aggregator Finsure

CCCFA reaction: a return to common sense

Monday, April 22nd 2024

CCCFA reaction: a return to common sense

The dumping of 11 pages of overly prescriptive affordability regulations under the CCCFA are a welcome return to common sense, the Financial Services Federation (FSF) says.

Major banks pass RBNZ climate stress test scenario but with profits slashed

Monday, April 22nd 2024

Major banks pass RBNZ climate stress test scenario but with profits slashed

Climate-related risks need to be actively managed to protect the resilience of the financial system to other shocks, the Reserve Bank’s 2023 climate stress test has found.

Govt says it is going to get easier to get a home loan

Monday, April 22nd 2024

Govt says it is going to get easier to get a home loan

Ministers have, over the weekend, announced their first changes to CCCFA.

Domestic data could signal inflation stall to the Reserve Bank

Thursday, April 18th 2024

Domestic data could signal inflation stall to the Reserve Bank

High and persistent domestic inflation will dampen Reserve Bank enthusiasm for OCR, and subsequently, interest rate cuts any time soon.

More Stories

New mortgage adviser association now officially open for membership

New mortgage adviser association now officially open for membership

Wednesday, April 17th 2024

The Finance and Mortgage Advisers Association of NZ opens its door to advisers and spells out its proposition.

More pain in store for mortgage holders

More pain in store for mortgage holders

Tuesday, April 16th 2024

The latest Reserve Bank figures show 59% of existing mortgages will move onto higher interest rates in the next 12 months.

Financial complaints rise as cost-of-living pressures continue

Financial complaints rise as cost-of-living pressures continue

Monday, April 15th 2024

As the cost of living crisis bites, disputes have risen by 36% and complaints to Financial Services Complaints Ltd (FSCL), a free financial ombudsman service, have risen by 17% .

Mortgage advisers aim to “educate” ComCom and want it to apologise

Mortgage advisers aim to “educate” ComCom and want it to apologise

Friday, April 12th 2024

The mortgage advisory industry is putting in a concerted effort to educate the Commerce Commission that it's views of their role and motivations is plain wrong.

Mortgage Lab buys new trail book

Mortgage Lab buys new trail book

Thursday, April 11th 2024

People Group has sold its Mortgage People trail book to Mortgage Lab.

Economists remain divided on how early the first rate cut will come

Economists remain divided on how early the first rate cut will come

Thursday, April 11th 2024

ANZ chief economist Sharon Zollner continues to expect no official cash rate (OCR) cuts this year but other economists, including BNZ's Doug Steel and Kiwibank's Jarrod Kerr and ASB's Mark Smith, expect one cut late this year.

BREAKING: OCR 5.50% - Official Cash Rate remains unchanged

BREAKING: OCR 5.50% - Official Cash Rate remains unchanged

Wednesday, April 10th 2024

The Monetary Policy Committee today agreed to leave the Official Cash Rate (OCR) at 5.50 percent.

Squirrel CEO calls on the Reserve Bank to start cut OCR

Squirrel CEO calls on the Reserve Bank to start cut OCR

Wednesday, April 10th 2024

Squirrel CEO, David Cunningham, says it's time to start the monetary policy easing cycle otherwise monetary conditions will continue to tighten due to the lagged effect of monetary policy.

Fair outcomes could be another CCCFA fiasco

Fair outcomes could be another CCCFA fiasco

Monday, April 08th 2024

The FMA’s proposed fair outcomes guidance risks becoming another Credit Contracts and Consumer Finance Act situation, says the Boutique Investment Group.

Small businesses warned about loans

Small businesses warned about loans

Monday, April 08th 2024

As more small Kiwi businesses fall behind on debt payments they are being reminded to seek advice before applying for loans as the protections under the CCCFA only apply to consumer loans.

Rate cuts – who will be the first?

Rate cuts – who will be the first?

Friday, April 05th 2024

After many months of fast and furious rate hikes, the next chapter of monetary policy is upon us: rate cuts. But the question is, who will be the first to turn the page?

Improvement in arrears but trough still to come

Improvement in arrears but trough still to come

Thursday, April 04th 2024

Although the country is in a technical recession, credit data trends show a mixed bag.

Impaired loans mounting

Impaired loans mounting

Wednesday, April 03rd 2024

Distressed housing loans are continuing to rise, February’s monthly figures from the Reserve Bank show, while across the banking system impaired loans have topped $4 billion as the economy worsens.

Clawbacks could sneak onto ComCom agenda

Clawbacks could sneak onto ComCom agenda

Tuesday, April 02nd 2024

The vexed issue of clawbacks might form part of the industry meeting with the Commerce Commission over remarks that have rubbed mortgage advisers up the wrong way.

SBS FirstHome Combo 6.74
Heartland Bank - Online 6.89
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.55
SBS Bank Special 6.69
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
ASB Bank 6.75
Unity 6.79
Co-operative Bank - Owner Occ 6.79
SBS Bank Special 6.19
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
SBS Bank 6.79
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50