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.
BNZ mortgage market share slips
Bank of New Zealand grew its mortgage book strongly in the June quarter but still lost a smidgeon of its share of the mortgage market and its profit for the quarter was flat.
Wednesday, August 29th 2007, 6:53AM
by Jenny Ruth
The bank was the first to lodge its general disclosure document this quarter and it shows BNZ's third quarter net profit was flat at $178 million, bringing its profit for the nine months ended June to $508 million , up 13.4% on the previous year.
BNZ's mortgage book grew by $675 million to $22.51 billion during the three months although its market share slipped from 16.2% to 16.15%, using Reserve Bank figures as a proxy for the market.
BNZ's mortgage market share has slipped from 16.41% in June last year.
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