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Viewing entries tagged with 'Mortgage'

Banks treat the New Zealand economy as just a housing market

17 April 2017

Interest.co.nz: Following the money shows how they really think. Our banks treat the New Zealand economy as just a housing market, with lending for the real economy a relatively smaller focus. More>  

Southern Cross Financial joins P2P lending

21 November 2016

Mortgage broker Southern Cross Financial will "push the button" on December 1 to become a a peer-to-peer (P2P) lending business. Stuff.co.nz. More>

Kiwis 'drowning in housing debt', Labour says after Statistics NZ figures

30 September 2016

Older Kiwis owe more for second properties than for their own homes, revealing a generational gap on housing debts. Labour says the new figures, which reveal real estate loans make up 87 per cent of Kiwis' debts, show many are "mortgaging themselves to the hilt". Stuff.co.nz. More> 

Steep decline in investor lending

27 September 2016

New Reserve Bank mortgage lending data leaves little doubt that the new investor-targeted LVRs have had a significant impact on bank lending to investors - lending to Auckland landlords dropped by almost 20%. Goodreturns.co.nz. More> 

Italian bathroom or happy retirement?

24 September 2016

We love to dip into our savings. Sometimes we don't even realise we're doing it. But there's a group of us aged 45 to 65 for whom it has become the norm. NZ Herald. More> 

RBNZ decides to further extend the exemption from LVR rules for newly constructed homes

7 September 2016

New house buyers are going to be cut more slack by the Reserve Bank under the terms of the revised LVR rules coming into effect on October 1. Buyers will now have six months after a house has been built to buy it. Interest.co.nz.More>  

How Auckland house flipping can be used to rort the RBNZ restrictions on high LVR mortgages

24 August 2016

Flipping is seeing property buyers game the Reserve Bank’s loan-to-value ratio (LVR) restrictions on bank mortgages.More> 

Mortgage arrears down but still billions in problem loans

19 August 2016

New Zealand homeowners with loans worth more than $3 billion have fallen behind on their mortgage payments.The big four banks had a total of $3.1 billion in past-due loans on their books in their most recent statements. These are loans that have not yet been classed as "impaired assets" by the banks - they still think they can expect to see repayments eventually.