Mortgage Rates Daily Commentary
Wednesday 1 April 2026
Big newsletter today: Top mortgage advisers; BNZ's new switching play; KAN dobs in adviser to FMA
With so much going on this is a much bigger newsletter than usual.
First up a big congrats to Josh Bronkhorst for being recognised by FANZ for his long involvement with financial advisers and helping to grow professionalism in the industry.
Also a shoutout to NZFSG/Loan Market for their work in community support.
You can read more about their awards and others who were recognised at last week's FANZ conference here.
BNZ has started a new game to win mortgage switches. We'd love to know you thoughts on this.
Read the story here.
Send us an email here.
The FMA has cancelled the FAP Licence of a mortgage adviser after being dobbed in by KAN. See what he did here.
ANZ National Bank increase market share
ANZ National Bank has reported a sharply higher third quarter net profit and increased its market share of the mortgage market marginally for a second consecutive quarter.
Thursday, September 21st 2006, 6:36AM
by Jenny Ruth
Net profit for the three months ended June jumped 33.5% to $283 million, bringing its nine month result to $803 million, up 18.4% on the same nine months a year earlier.
The bank’s net interest income was up 16.8% to $549 million in the quarter while operating expenses fell 2% to $324 million.
Its mortgage book grew $1.33 billion, or 3.2%, to $42.4 billion. Using the Reserve Bank’s figures as a proxy for the market, ANZ National now has 34.72% of mortgages held by registered banks, up from 34.68% at the end of March and 34.49% at the end of December.
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